- GE Hitachi Nuclear Energy and Exelon Nuclear Sign Services Contract
Aug 29, 2011
General Electric (NYSE:GE) Hitachi Nuclear Energy announced that it has been awarded a nearly $150 million integrated outage contract by Illinois-based Exelon Nuclear to help ensure the continued, safe performance of the utility's entire fleet of boiling water reactor nuclear power plants in Illinois, Pennsylvania and New Jersey.
The agreement is effective immediately and runs through completion of the spring outage season in 2015. Terms of the contract call for GEH to provide services for assisting with the refuel floor activities and performing the under-vessel and inspection services.
General Electric (NYSE:GE) has a potential upside of 41.8% based on a current price of $15.92 and an average consensus analyst price target of $22.58.
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