General Electric (GE) has been in the spotlight due to some major events and changes in its structure and functioning. Notably, the company has completed a three-way split, launching
GE Aerospace as a standalone business, marking the end of GE as America's iconic 'everything company'. The spin-off has garnered a mixed reaction from market experts, with some questioning whether GE will perform better as three separate entities. The other two spin-offs,
GE Vernova and
GE Power, now operate independently but remain closely watched by GE investors. The company's stock price has seen some volatility, swinging between gains and losses after the official breakup. Furthermore, GE's Q1 2024 reported adjusted profits with a marked increase in revenues. Several large-scale institutional investors hold ownership stake in GE, accounting for approximately 76% of the company's shares. In more specific news, GE has signed an MOU to explore the Carbon Capture, Utilization and Storage (CCUS) value chain. Other developments include GE's unit extending its gas turbine deal with BHEL and winning a wind turbine contract in New Mexico.
General Electric Company GE News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 19 May 2024 05:40:15 GMT -
Rating 8
- Innovation 5
- Rumor -6
