General Electric Company (GE), an iconic conglomerate, has completed its
dismantling into three distinct entities. This transpired following
spin-offs of their aerospace and Vernova divisions. GE's stock has shown a steady rise, with brokerages issuing a consensus recommendation of 'Moderate Buy'. Notably, the company's
financial performance is robust. This is coupled with a strong institutional ownership of 76%, indicating market confidence. GE's aerospace branch is
driving change with commitment towards sustainability and ESG. The
GE Vernova entity is aimed at industrial sustainability and operational goals aided by AI-based software. The company witnessed an impressive 35% and 70% stock rise within one year. Looking at its future, GE announced construction plans for Appliance Park and the Vernova unit is to go public in April '24. Amidst all this, legal action was initiated by Lee due to non-compliance in a critical lawsuit, to which GE has agreed to comply. In a surprising move, GE gifted its workers an elaborate employee handbook, perhaps a bold step towards employee engagement.
General Electric Company GE News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Fri, 09 Aug 2024 19:12:42 GMT -
