General Electric Company (GE) expects increased aerospace profits and strong Q3 performance to impact investors favorably while a scandal in Angola involving $1.1bn could tarnish its reputation. B of A Securities maintains a Buy recommendation as the company initiates an upland disposal facility preparation phase as part of its Housatonic Rest of River remediation project. GE also plans to invest over $3bn in US manufacturing and another $300 Million in a partnership with BETA Technologies for hybrid electric aviation.
However, an analysis indicates overvaluation and an overbought status, despite substantial Q4 projections. The company also recently completed the acquisition of NovaSensor and plans a $96 million expansion at Niskayuna research complex. It also announced Board changes and named several new officers. Notably, GE continues to make strides in the renewable energy sector, supplying 80 wind turbines for a project in Los Angeles, and plans to provide a fully integrated solution to ORES to achieve a digitally enabled grid.
It completed a three-way split, forming GE Vernova, amongst others, and continues to pursue innovation by launching
GE Aerospace as an independent public company. Despite challenges like a $362.5 million shareholder settlement related to its power unit, GE continues to maintain a robust presence in the industries it operates in.
General Electric Company GE News Analytics from Tue, 07 Feb 2017 08:00:00 GMT to Fri, 31 Oct 2025 21:51:24 GMT -
Rating 3
- Innovation 7
- Information 5
- Rumor -6
