General Electric Company (NYSE:GE) announced that its LM2500 aeroderivative gas turbine family has reached the milestone of 75 million combined operating hours. The LM2500 gas turbine package has been one of the top selling aeroderivative gas turbines in its class for more than 40 years and continues to evolve to provide increased customer value. The current fleet totals more than 2,800 turbines across six continents.

“GE has invested more than 1 billion dollars over the past 40+ years to provide improved reliability and a significant reduction in total cost of ownership for our LM2500 customers, helping to achieve this milestone,” said Dan Kempf, general manager, LM/TM2500 & small gas turbine products for GE. “These units feature 99.7 percent reliability, which combined with their high-efficiency and installation flexibility make the LM2500 family of products ideal for a wide variety of marine, power generation and mechanical drive applications.”

Key features of the LM2500 include full power within 10 minutes, direct drive for 50-hertz and 60-hertz power generation, variable speed for mechanical drive, dual-fuel capability for distillate or natural gas, reduced NOx with DLE (dry low emissions) combustor and natural gas fuel, optional steam or water injection system for NOx emission control, 30 individually replaceable fuel nozzles and reduced maintenance and overhaul intervals with simplified, high-quality modular design and construction.

The LM2500 consists of a 16 or 17-stage axial-flow compressor, annular combustor, two-stage, high-pressure, single-rotor gas turbine and highly efficient six-stage power turbine. A single turbine’s output ranges from 16-34 megawatts (MW) based on configuration and customer requirements. The LM2500 is available as a trailer-mounted generator set, known as the TM2500, which has seen recent success in Egypt, Mexico, Algeria and more. This proven performer’s lightweight, compact design allows for quick installation and easy maintenance. (Original Source)

Shares of General Electric closed last Friday at $24.59. GE has a 1-year high of $28.68 and a 1-year low of $23.41. The stock’s 50-day moving average is $26.16 and its 200-day moving average is $26.17.

On the ratings front, General Electric has been the subject of a number of recent research reports. In a report issued on July 20, UBS analyst Shannon O’Callaghan reiterated a Buy rating on GE, with a price target of $32, which implies an upside of 30.1% from current levels. Separately, on June 26, William Blair’s Nicholas Heymann reiterated a Hold rating on the stock and has a price target of $30.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Shannon O’Callaghan and Nicholas Heymann have a total average return of 16.6% and -1.2% respectively. O’Callaghan has a success rate of 79.5% and is ranked #101 out of 3737 analysts, while Heymann has a success rate of 33.3% and is ranked #2645.

Overall, 3 research analysts have assigned a Hold rating and 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $33.00 which is 34.2% above where the stock closed last Friday.