Will the GE Deal of Selling Wind Turbines to India Improve the Former’s Stock Value!

General Electric Company (GE) has recently announced to release 1.7 MW wind turbine for energy market of India. The purpose of this deal is to create innovative opportunities for pulling power from the low-wind-speed conditions of the country. The turbines are specifically designed, manufactured, and distributed to Indian companies by General Electric Company. The purpose of these turbines is to give alternative solutions to South Asian economies regarding taking advantage of low wind speed conditions in order to make electricity efficiently. The wind turbines, for many, will have benefits for many Indians.

The deal has itself given the advantage to GE in the stock market, as the GE stock price today has seen a considerable upward rise. The current price is $26.02. The company has made its first deal with India in wind turbines and commits to outdo its competitors due to quality it produces. Such agreements and plans of General Electric also build a positive reputation of the company, as the investors have started considering the General Electricstock as a positive prospect for their own investments. The investors have therefore considered buying more of the stocks of GE due to which there has been expectation of a significant rise in stock price demand by the end of 2014.