In an avalanche of news, General Electric (GE) continues to command attention in the investment world. After a series of fundamental changes and strategic initiatives, GE has officially dismantled its conglomerate structure. It has confirmed completion of its split into three distinct public companies, departing from its storied past. The newly formed companies, namely GE Aerospace, GE Vernova, and the third still unnamed, began trading on the NYSE, marking a significant shift in the company's historic presence. Significant growth in institutional ownership indicates strong confidence, with institutional owners holding 76% of the company.
The Fiscal Year 2023 Annual Report highlights the operations of the split entities. Of particular interest are initiatives in sustainability and AI-based software within industrial operations. The stock has expressed a clear uptrend, supported by strong financials and investor sentiment. Moreover, GE's revenue for both the years 2023 and 2024, as well as its Q1 and Q4 earnings, have shown impressive figures. Amid this, the company continues to secure new investments and grow its position in generating profits.
General Electric Company GE News Analytics from Tue, 07 Nov 2023 08:00:00 GMT to Sun, 25 Aug 2024 20:17:51 GMT - Rating 9 - Innovation 7 - Rumor 6
