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’ ...

BOSTON--(BUSINESS WIRE)--General Electric Company (“GE”) (NYSE: GE) today announced that its Board of Directors has approved the previously announced spin-off of GE Vernova.1 The company is expected to begin trading on the New York Stock Exchange (“NYSE”) on April 2, 2024, under the ticker symbol “GEV”. GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “ Today’s announcement clears the way for the historic launches of GE Vernova and GE Aerospace, completing our transformation into three ...

PARIS--(BUSINESS WIRE)--GE Vernova’s Grid Solutions business (NYSE:GE), today announced the launch of GridBeats, a comprehensive portfolio of software-defined automation solutions aimed at streamlining grid digitalization and enhancing grid resilience. Amid growing climate concerns, grid operators worldwide are responding to regulatory, consumer, and societal demands to achieve net-zero emissions and deepen their commitment to sustainability. Realizing these goals presents significant challenges, such as ...

The General Electric (GE 1.74%) name is set to disappear. The forthcoming spinoff of GE Vernova (trading under the ticker GEV) in early April will result in the remaining company trading as GE Aerospace. The change will create two dramatically different companies, with GE Vernova arguably being the most interesting, albeit the weaker. Here's what GE shareholders need to know about the company, which will receive stock soon.GE Vernova is a mix of three businessThe following chart shows GE Vernova's revenue b ...