Company Update (NYSE:GE): The Compact But Mighty N37 Induction Motor From General Electric Company Is Among The Highest In Power Density

When it comes to technology, there seems to be no denying that smaller is better. The more advanced the world becomes in its capabilities, the more we rely on technologies to help us realize our maximum potential. More than ever, heavy industry is experiencing the same pressure to process more without compromising operational performance. Today, General Electric Company (NYSE:GE) Power Conversion announces its latest induction motor leading the way in facing the challenge. With over one hundred years of experience in developing induction motor technology, the N37 induction motor is an upgrade to the well-established N3 motor line. It builds on a time-proven design with cutting-edge mechanics in order to meet heightened customer demands on footprint and performance.

Working to decrease the component weight, GE Power Conversion achieved an induction motor design with a dramatically increased power per kilogram ratio. At a lower frame size than conventional induction motors, this compact design translates to space savings and lower weight, essential both in onshore and offshore applications. The N37 squirrel-cage induction motors operate at 50 Hz and will soon be available in 60Hz. The N37 is among the most efficient motors in its class. GE’s solution works to reduce energy waste while simultaneously reducing the operator’s environmental footprint. “We’re constantly facing tougher demands in the power conversion industries – customers want products that are simplified, streamlined and compact but nevertheless meet increasing performance expectations,” said Luc de Camas, Product Leader, GE Power Conversion. “GE is responding to this call with the N37, which retains all the benefits of tried and tested technology but has been adapted to bring increased convenience to the operator.”

Furthermore, American Petroleum Institute (API) noise and vibration constraints were considered in the design of the N37. This reliable motor utilizes a rigid frame to meet all common industry requirements to help protect the wellbeing of onsite system operators. The N37 launch marks the first of GE Power Conversion’s induction motors to be standardized for a wide range of industrial applications. It also marks a trend of meeting user demands for pre-engineered components and faster delivery times for Power, Water and Oil & Gas applications. (Original Source)

Shares of General Electric closed yesterday at $26.57. 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 $27.15 and its 200-day moving average is $25.63.

On the ratings front, General Electric has been the subject of a number of recent research reports. In a report issued on June 26, William Blair analyst Nicholas Heymann reiterated a Hold rating on GE, with a price target of $30, which implies an upside of 12.9% from current levels. Separately, on June 18, Deutsche Bank’s John G. Inch maintained a Hold rating on the stock and has a price target of $29.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Nicholas Heymann and John G. Inch have a total average return of -1.5% and 12.6% respectively. Heymann has a success rate of 37.5% and is ranked #2781 out of 3683 analysts, while Inch has a success rate of 79.2% and is ranked #806.

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 24.2% above where the stock closed yesterday.


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