United Technologies to divest UTC Power unit United Technologies announced it has reached agreement to divest its UTC Power fuel cells unit to ClearEdge Power, based in Hillsboro, Ore. Terms of the agreement were not disclosed. As previously announced, divesting UTC Power is another step forward in UTC's ongoing portfolio transformation to focus on its core of aerospace and building systems. The transaction is subject to customary closing conditions. Closing is expected early in 2013.
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United Technologies 2014 guidance could be below Street, says UBS UBS expects United Technologies 2014 guidance to be conservative and below consensus. The analyst expects initial guidance of $6.60-$6.85 but believes it will deliver earnings of +$7.00 and expects shares to outperform following this month's investor meeting. Shares are Buy rated with a $122 price target.