The stock of General Electric (GE 1.28%) has surged 85% over the past year, a testament to the growing investor confidence in the company's imminent restructuring. As GE Vernova (the power, renewable energy, and electrification business) prepares to debut on the market on April 2, the remaining entity, GE Aerospace, holds significant potential.Despite the stock's impressive performance, is it still a value proposition? Let's delve into the details.General Electric's breakupAs I've previously highlighted in ...

General Electric Company’s (GE) unit GE Vernova (combined operations of GE Digital, Renewable Energy and GE Power) and Invenergy recently announced the commissioning of Rusutsu Wind Energy Center. Based in Rusutsu town, Hokkaido, Japan, the wind power plant uses GE 4.2-117 onshore turbines.Based in Chicago, IL, Invenergy is a well-known developer and provider of sustainable energy solutions. The company is engaged in developing, building, and operating power generation and energy storage projects in the Uni ...

When General Electric (GE 0.88%) appointed Larry Culp as CEO in 2018, its power business was front and center of its problems. Less than four and a half years later, it's the core strength of GE Vernova, a company set to be spun off on April 2. Here's a look at the business in light of the recent Investor Day presentation and what investors can expect from the company.Management's guidanceIn a previous article on GE Vernova, I outlined the company's revenue breakout, earnings trajectory, importance of its w ...

It's been a busy week for General Electric (GE 0.88%) and its investors, with management holding two separate investor day presentations. The first was for GE Venova, a business set to be spun off in early April that contains GE's power and renewable energy businesses. The second was for GE Aerospace, the commercial aerospace-focused business that will remain.An analyst upgradeBoth presentations were well received, and they apparently convinced a JPMorgan analyst to upgrade the firm's price target to $180 f ...

The shares of General Electric Company (NYSE:GE) are up 1.4% before the bell, following a bull note from J.P. Morgan Securities. The analyst upgraded GE to "overweight" from "neutral" and hiked its price target to $180 from $166.This comes after the firm's aerospace unit yesterday forecast an operating profit of roughly $10 billion in 2028 and said it expects an initial dividend payout at 30% of net income. The analyst also praised the company's wind and gas power unit, Vernova, which it believes has a path ...

NEW YORK--(BUSINESS WIRE)--Today, GE Aerospace will host its 2024 Investor Day in New York, New York. The event begins at 8:00am EST and can be viewed virtually here. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. will be joined by members of the leadership team to discuss the strategic priorities and near- and longer-term outlook for GE Aerospace in advance of launching as an independent public company on April 2, 2024. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “ ...

NEW YORK--(BUSINESS WIRE)--GE (NYSE: GE) announced that GE Vernova will host its 2024 Investor Day today in New York, New York. The event begins at 8:00am EST and can be viewed virtually here. GE Vernova CEO Scott Strazik will be joined by GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., GE Board member and GE Vernova Non-Executive Chair Steve Angel, and members of the GE Vernova leadership team to discuss the strategic priorities and near- and longer-term outlook for GE Vernova in advance of ...

(AP Photo/Gene J. Puskar, File) Copyright 2016 The Associated Press. All rights reserved. Brief Backdrop on GE Stock Performance Before 2021 Spin-off Announcements In the 2000s, GE's expansion was spurred by GE Capital's success, the company's financial arm, along with the company's diversification strategy. However, GE Capital suffered losses and got bailed out by the US government following the 2008 financial crisis. Consequently, GE was a marked underperformer during the 2011-2021 period due to overdiver ...

Shares of industrial giant General Electric (GE 1.12%) soared by 18.5% in February, according to data from S&P Global Market Intelligence. The move comes from a well-received set of fourth-quarter earnings at the end of January and positive guidance for 2024.Equally importantly, GE issued a Form 10 with the Securities and Exchange Commission to register the securities of GE Vernova for trading in the United States. GE Vernova is a power, wind energy, and electrification business set to be spun off on April ...

With the S&P500 practically at all-time highs, it’s no understatement to say that the stock market is booming. From AI to consumer goods, many industries are reporting favorable earnings growth at the moment, thus driving the market higher and higher up. However, as investors, it’s always great to take a step back and consider things from a more long-term point of view. We want to be investing with the idea of how these companies will be performing in the future. This ensures that our investment thesis isn’ ...