About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Freed from its baggage, this aerospace stock is positioned to soar.As the dust settles on the breakup of the industrial conglomerate known as General Electric, markets are still trying to figure out how to price the different parts of the business. Shares of GE Aerospace (GE 4.23%) traded up 5% as of 10:30 ET on Friday as investors took a fresh look at the potential of the aircraft-focused part of the business.A powerful force unleashedAmid all the issues experienced by General Electric over the last decade ...

The new company's growth is just getting started.GE Aerospace (GE 1.22%) stock has performed exceptionally well since becoming a separate company. A Barclays analyst recently set a $175 price target and an "overweight" rating on the stock, indicating a nearly 19% upside over the next 12 months.The bullish case for GE AerospaceThe analyst is optimistic about GE Aerospace's long-term profit growth and cash generation potential. The aircraft engine business model involves initially selling engines at a loss, f ...

Banners of the newly-formed and independent General Electric (GE) companies are displayed in front ... [+] of the New York Stock Exchange (NYSE) on April 2, 2024. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)AFP via Getty ImagesGeneral Electric GE (NYSE: GE) completed the spin-off of its power and renewables energy businesses on April 2. The spinoff company – GE Vernova – is now the new standalone energy company, while GE Aerospace will be focused on the company’s aviati ...

creisingerThe old behemoth that was General Electric (NYSE:GE) in the 90s and 2000s and that legendary CEO Jack Welch built is no more. Headed by CEO Larry Culp who took over a debt-ridden, bloated and inefficient entity in 2018, GE has completed a series of divestments and spin-offs to restructure itself, emerging as a fully transformed new company. Following the spin-off of GE Healthcare in 2023 and with its power and energy division Vernova having spun-off earlier this week, the new GE (now known as ...

GE Aerospace (GE) emerged as a separate public company, following the spin-off of GE Vernova business from General Electric. This marks the completion of General Electric’s multi-year portfolio restructuring actions, separating into three stand-alone publicly traded companies.Following the spin-off, General Electric started to operate as an aviation-focused company (now GE Aerospace), while GE Vernova specializes in energy transition solutions. The newly independent entities, GE Aerospace and GE Vernova, be ...

The aerospace and defense company received some positive updates from Wall Street analysts today.GE Aerospace's (GE 6.49%) shares were up by 6% at 11:30 a.m. ET today. The company, formerly General Electric, rose after a few updates from heavyweight financial firms.GE Aerospace analyst updatesWall Street analysts will likely be busy with GE Aerospace, as it's no longer part of a multi-industry industrial company but now a stand-alone aerospace and defense company. That often means aerospace analysts will co ...

Investors warmed to the breakup of General Electric into two separate companies.Shares in General Electric, now GE Aerospace (GE 6.22%), rose by 11.9% in March, according to data provided by S&P Global Market Intelligence. The move occurred in the run-up to the successful spinoff of GE Vernova (NYSE: GEV) (listed as a separate company on April 2.) and bodes well for the new aerospace and defense company.GE VernovaFor reference, GE Vernova combines GE's power business (primarily gas turbines and services), i ...

Key TakeawaysGeneral Electric completed its transition of splitting into three separate companies Tuesday, with GE Vernova, GE Aerospace, and GE Healthcare all trading under separate stock tickers.GE's energy division, GE Vernova, started trading under the "GEV" ticker Tuesday, while the longtime "GE" ticker is now attached to GE Aerospace.GE Healthcare was spun off last year and trades under the "GEHC" ticker. General Electric completed its long-awaited split into three separately traded companies Tuesday, ...

We are “tremendously” well positioned for the foreseeable future, says Larry Culp – the chief executive of GE Aerospace.GE Aerospace is a ‘global leader’ Copy link to section The chief executive is confident that his company will hit $10 billion in operating by 2028. He’s bullish because $GE is a “global leader in propulsion in commercial and military applications” and both of those segments are in a strong upcycle. CEO Culp made those remarks in an exclusive interview with CNBC on Tuesday.Note that GE Aer ...