NEW YORK (TheStreet) -- Shares of General Electric (GE) - Get Report closed down 1.23% to $24.81 on Tuesday after Enel SpA agreed to sell a minority stake in a newly formed partnership holding its U.S. renewable energy assets to the conglomerate for $440 million.

GE Energy Financial Services will buy 49% of EGPNA Renewable Energy Partners LLC, according to a statement emailed to Bloomberg on Tuesday. Enel Green Power SpA, a unit of Rome-based Enel, will have a 51% stake though Enel Green Power North America.

EGPNA Renewable Energy Partners has assets in North America with 760 megawatts of generating capacity, including a 200-megawatt wind farm currently under construction, the statement said. The partnership will keep those power plants.

GE's investment unit will have the first chance to invest in additional projects for three years.

"This partnership brings together two complementary leaders with a common view on the future of renewables development," Enel Green Power CEO Francesco Venturini said in the statement.

Insight from TheStreet's Research Team

General Electric is a part of David Peltier's DividendStockAdvisor.com Portfolio. Here is what Dave had to say about the stock in a recent alert:

General Electric lost 2% over the past two weeks and recently changed hands around $24.79. The company said on March 15 that it sold its Australia/New Zealand financial services unit to a consortium of buyers, for an enterprise value of $6.3 billion. As management continues to move the firm back to its industrial roots, we believe earnings growth can re- accelerate in the coming quarters.

The stock remains attractive to purchase at current levels, for its 3.7% dividend yield.

- David Peltier, 'Portfolio Undaunted by Dip' originally published 3/26/2015 on DividendStockAdvisor.com

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Separately, TheStreet Ratings team rates GENERAL ELECTRIC CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate GENERAL ELECTRIC CO (GE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

You can view the full analysis from the report here: GE Ratings Report