GE Stock Recent News

GE Vernova, spun off from GE, has shown impressive growth, rising 77.9% YTD, outperforming peers and the S&P 500 Index. CEO Scott Strazik's leadership and strategic focus on Power and Gas segments are crucial for future growth and profitability. Financial improvements include a significant cash balance increase and better working capital, though challenges remain in the offshore wind sector.

Evercore analyst James West sees opportunities in companies working to address some of the issues facing the electrical industry, including the extreme stress on the power grid.

A push-out of a new Boeing airplane would hurt GE Aerospace's long-term profitability. Boeing exists to make airplanes, and even if an equity raise is necessary to raise cash, it will not necessarily impact GE Aerospace.

U.S. power equipment maker GE Vernova said on Monday it has acquired the remaining ownership stake in a Saudi gas turbine producing joint venture from state-owned Dussur.

Energy equipment maker GE Vernova on Friday said recent turbine blade failures at two offshore wind farms in the United States and the United Kingdom are unrelated and blamed the latest mishap on strong winds.

Aviation services company AAR stands to benefit from a significant growth in the need to service commercial airplanes in the future. The need to replace older aircraft and grow the existing fleet means new airplane production will grow over the long term -- great news for composites company Hexcel.

LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, unveiled its digital 2023 GE Appliances Report showcasing the company's new packaging guidelines, innovative products, environmental and community efforts, and its employees who are consistently making America's best appliances and helping the company achieve national rankings as one of the best places to work in the United States (U.S.). It also highlights the company's plan to evolve from a traditional appliance business to bec.

The transportation sector literally helps to drive the U.S. economy forward. According to the U.S. Department of Transportation, the transportation and warehouse sector made up of planes, trains and automobiles contributed $1.7 trillion to the economy in 2022 (latest statistics available).

GE Aerospace makes its profits on jet engines in the aftermarket, so Boeing's delivery delays could boost its bottom line in the near term. Airplane deliveries are likely to be pushed out.

GE Aerospace's (GE) first-quarter results are likely to benefit from strength across its businesses. High costs and expenses might have been spoilsports.