General Electric (GE) is making significant strategic moves, contributing to the potential growth of its shares. Most notably, GE Appliances is divesting from Mexico and shifting more manufacturing to the U.S., as part of a $3 billion investment. This shift from international outsourcing is consistent with GE's recent commitment to domestic manufacturing. Furthermore, potential restrictions on key defense minerals in China may create an uptick for GE's rally towards 2025. GE's offshoot, GE Vernova, plans to expand generator manufacturing in Schenectady and the $96 million expansion at its Niskayuna research complex paves way for growth. The corporation's recent split manifests a strategic transformation while aiming to rekindle its entrepreneurial spirit. Yet, GE also faces challenges such as falling shares and job cuts in Schenectady. Despite these, GE Aerospace has shown a strong performance leading to a raised profit outlook due to robust order book. The bold move to separate into three independent companies marks a milestone in its restructuring path, specifically launching GE Aerospace as an independent and public company indicating a bullish stance.
General Electric Company GE News Analytics from Wed, 22 Feb 2017 08:00:00 GMT to Thu, 21 Aug 2025 11:29:00 GMT -
Rating 7
- Innovation 1
- Information 8
- Rumor 2
