GE grabs $300M service contract for Petrobras power plants in Brazil [Seeking Alpha]
Petroleo Brasileiro S.A.- Petrobras (PBR)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Seeking Alpha
GE grabs $300M service contract for Petrobras power plants in BrazilGeneral Electric (NYSE:GE) says its Power Services unit hassecured a contract worth more than $300M to service power generation equipment in 11 power plants in Brazil owned by Petrobras (NYSE:PBR).GE will be responsible for carrying out inspections, repairs and other tasks relating to 20 heavy-duty gas turbines, 23 LM6000 aeroderivative gas turbines, three steam turbines and 13 generators.GE says the contract covers ~80% of PBR's total installed fleet; the 11 power plants produce a combined 4.3 GW of electricity to meet the residential power consumption needs of 57M Brazilians.Click to subscribe to real-time analytics on GENow read:Why Would Any Company Want GE's Industrial Gas Engine Problem? »
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News
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) had its price target raised by analysts at UBS Group AG from $17.20 to $17.40. They now have a "buy" rating on the stock.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $18.00 price target on the stock.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $18.00 price target on the stock, down previously from $20.00.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $16.00 price target on the stock.MarketBeat
- How Europe Can Win the Energy War With RussiaPR Newswire
PBR
Sec Filings
- 4/19/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- PBR's page on the SEC website