J.P. Morgan recently served notice that the aerospace giant could miss its engine delivery targets in 2024.GE Aerospace (GE 1.07%) stock has recently experienced a dip in value due to J.P. Morgan's decision to lower its estimate for second-quarter sales to $8.4 billion. This estimate is notably lower than the Wall Street analyst consensus of $8.85 billion, but is it a reason to sell the stock? Here's what you need to know before taking action. The reason for the downgradeJ.P. Morgan's analyst is arguing tha ...

One analyst is worried the company's quarterly sales could fall short.A prominent Wall Street analyst has some doubts about GE Aerospace's (GE -3.47%) current quarter, and investors are taking note.Shares of GE Aerospace traded down 4% as of 11:30 Eastern after JPMorgan Chase cut its second-quarter sales estimate to an analyst-low $8.4 billion.Supply chain chaos could eat into deliveriesGE Aerospace is the last remaining part of the one-time industrial conglomerate now that the healthcare and energy assets ...

GE Aerospace (GE) recently announced that it has opened a Türkiye Technology Center (“TTC”) in the Kartal district of Istanbul. This new facility will boost the company’s engineering, innovation, manufacturing and research capabilities in the region.Founded in 2000, TTC serves as GE’s engineering facility for its GEnx, CFM LEAP, GE9X and catalyst engines. The facility also works on technology upgrades for its in-service engines. Its engineers are currently working on aero-derivative technology to manufactur ...

HAKINMHAN Introduction I have to say I do not have many regrets when I think of investments I made in the past few years. I still own most of the companies I bought for my dividend growth portfolio since the pandemic, and I did not sell anything at a loss. While that may sound a bit cocky, note that I have a multi-decade investment horizon when I place an investment. My turnover is extremely low. That said, my biggest regrets are stocks I did not buy - especially stocks that I gave a (Strong) Buy rating in ...

Visiongain has published a new report entitled Airborne Wind Energy Market 2024-2034: Forecasts by Application (Onshore, Offshore), by Power Generation Capacity (Small-scale Systems (Below 100 kW), Medium-scale Systems (100 kW-1 MW), Large-scale Systems (Above 1 MW)), by Component (Airborne Wind Turbines, Ground Station, Tether, Other), by Technology Type (Kite-based Systems, Balloon-based Systems, Glider-based Systems, Aircraft-based Systems, Other) AND Regional and Leading National Market Analysis PLUS An ...

General Electric Company (GE) has failed to impress investors with its recent operational performance due to rising costs and forex woes. These factors are likely to impede GE’s earnings in the quarters ahead.Let’s discuss the factors that might continue taking a toll on this Zacks Rank #4 (Sell) company.Steep Costs: GE Aerospace has been dealing with the adverse impacts of the high cost of sales and operating expenses. In the first quarter, its cost of sales jumped 8.4% year over year to $11.6 billion, whi ...

The aerospace company has plenty of long-term growth prospects based on its dominant market position in airplane engines.UBS recently raised its price target on GE Aerospace (GE 1.25%) stock from $191 to $201 while maintaining a buy rating on the stock. According to thefly.com, the UBS analyst's argument is based on GE Aerospace's strong position in the airplane engine aftermarket. Bullishness comes from a combination of growing flight departures and GE's dominant position in commercial aircraft engines. It ...

GE Aerospace (GE), the newly minted aerospace and defense pure play, continues to snag new highs amid price-target hikes. Is GE stock a buy?X GE Aerospace LaunchesOn April 2, General Electric split in two — into GE Aerospace and GE Vernova.GE Aerospace, which makes jet engines and aviation systems, kept the GE stock ticker. GE Vernova (GEV) houses a gas power and wind energy business.GE's health care spinoff, GE HealthCare Technologies (GEHC), debuted in January 2023.In 2021, an embattled General Electric a ...

Cincinnati, May 02, 2024 (GLOBE NEWSWIRE) -- Today, disaster logistics nonprofit Airlink received a $1 million donation from the GE Aerospace Foundation, emphasizing their shared commitment to leveraging aviation for humanitarian purposes. Established in 2010, Airlink is a nonprofit organization providing free air transport and logistical coordination for a pre-screened network of over 200 nonprofits, aiding in delivering disaster responders and aid supplies to areas affected by global humanitarian crises.  ...

GE Aerospace shares are soaring, but turbulence may lie ahead.GE Aerospace (GE -1.06%), the largest of the three industrial stocks that spun off from one-time industrial behemoth General Electric, reported a strong earnings beat last week, exceeding analyst expectations on both the top and bottom lines. Management promised "a new beginning" and a "multi-year transformation" to its shareholders -- and raised its guidance on both profits and free cash flow to prove it.At least one interested party seems convi ...