Recovery Act Investment - ABB Ltd
The wind power deployment project in Dekalb County Missouri, a Recovery Act project, helps Wind Capital Group, a wind power provider, with $107 million tax credit and also indirectly helps General Electric (NYSE:GE) as the company received order of 100 wind turbines.
Another company that gets a share of the pie is the Switzerland based ABB Ltd (NYSE:ABB), an power transformers maker. The company's Jefferson City, Missouri branch received order of transformers for the same wind power project along with General Electric's wind turbine.
Shares of ABB have been trading in a tight range for the past 52 weeks between $16 to $23 per share. Currently trading at $21.52 per share, ABB has market cap of $49 billion with P/E of 20.43. Both revenue and net income have been rising gradually for the past three quarters and with a 2.25% dividend yield this is a safe investment to hold.
Another company that gets a share of the pie is the Switzerland based ABB Ltd (NYSE:ABB), an power transformers maker. The company's Jefferson City, Missouri branch received order of transformers for the same wind power project along with General Electric's wind turbine.
Shares of ABB have been trading in a tight range for the past 52 weeks between $16 to $23 per share. Currently trading at $21.52 per share, ABB has market cap of $49 billion with P/E of 20.43. Both revenue and net income have been rising gradually for the past three quarters and with a 2.25% dividend yield this is a safe investment to hold.
posted by Stock Geek at
8:35 AM
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