General Electric Company (NYSE:GE) is continuing its effort to persuade the French government that its $16.9 billion offer for Alstom’s energy division would benefit all parties, and now it is starting talks with nuclear-plant maker Areva and other French companies about asset sales or partnerships, people familiar with the matter said. Bloomberg News reported that GE is waiting for the French government to say if it must sell assets to get the deal done, said the people, who asked not to be identified because details are private. General Electric Company (NYSE:GE) net profit margin is 8.60% and weekly performance is -2.30%. On last trading day company shares ended up $26.30. Analysts mean target price for the company is $28.90. General Electric Company (NYSE:GE) distance from 50-day simple moving average (SMA50) is 0.73%.
China Ming Yang Wind Power Group Limited (NYSE:MY) a leading wind turbine manufacturer in China, announced its unaudited financial results for the first quarter ended March 31, 2014. Gross profit was RMB192.0 million (US$30.9 million), compared to RMB89.7 million in Q1 2013. Gross margin was 15.7%, an increase of 4.6 percentage points compared to 11.1% in Q1 2013. Revenue in the first quarter of 2014 was RMB1,224.0 million (US$196.9 million), which increased by 52.0% comparing to that of 2013. The recognized revenue of WTGs amounted to an equivalent wind power project output of 386.0MW, or 224 units of 1.5MW and 25 units of 2.0MW WTGs. China Ming Yang Wind Power Group Ltd (NYSE:MY) shares fell -1.48% in last trading session and ended the day on $2.66. Gross Margin is 9.20% and its return on assets is -4.50%. China Ming Yang Wind Power Group Ltd (NYSE:MY) quarterly performance is -4.32%.
IntriCon Corporation (NASDAQ:IIN) continues to surge in the market after posting better than expected results for its first quarter. This was the third consecutive quarter when the company has recorded a sequential growth in sales. IntriCon’s growth profit margins and profitability levels from continuing operations continued to improve. IntriCon Corporation (NASDAQ:IIN) shares moved up 6.72% in last trading session and was closed at $6.83, while trading in range of $6.26 – $6.87. IntriCon Corporation (NASDAQ:IIN) year to date (YTD) performance is 77.40%.
O May 15, THT Heat Transfer Technology, Inc. (NASDAQ:THTI), a leading provider of heat exchangers and heat exchange solutions in China’s clean technology industry, announced its unaudited financial results for the first quarter ended March 31, 2014. Sales revenue for the first quarter of 2014 was US$8.3 million, a 4.8% increase from US$7.9 million during the same period of 2013. The increase was primarily attributable to higher sales revenue from heat exchange units and shell-and-tube heat exchangers. Sales volume of heat exchange products totaled 496 units in the first quarter of 2014, an increase of 113 units from 383 units in the same period of 2013. The increase was due to the increased demand of our products in consequence of more projects and economy recovery of China in the first quarter of 2014 compared with previous years. THT Heat Transfer Technology Inc (NASDAQ:THTI) ended the last trading day at $1.36. Company weekly volatility is calculated as 10.46% and price to cash ratio as 15.46. THT Heat Transfer Technology Inc (NASDAQ:THTI) showed a positive weekly performance of 3.82%.
O May 12,Tecumseh Products Company (NASDAQ:TECU) a leading global manufacturer of compressors and related products, reported an operating loss of $5.8 million and a net loss of $11.1 million, or a net loss per share of $0.60, on net sales of $179.3 million for the quarter ended March 31, 2014. This compares with an operating loss of $5.4 million and a net loss of $8.4 million, or $0.45 per share, on net sales of $207.6 million for the first quarter of 2013. Net sales in the first quarter of 2014 decreased by $28.3 million, or 13.6%, compared with the same period of 2013. Tecumseh Products Company (NASDAQ:TECU) net profit margin is -4.60% and weekly performance is -17.67%. On last trading day company shares ended up $4.94. Tecumseh Products Company (NASDAQ:TECU) distance from 50-day simple moving average (SMA50) is -21.16%.
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