jetcityimage It wasn’t just megacap tech that led the S&P 500 in 2023. Shares of General Electric (NYSE:GE) posted their biggest annual return on record (at least in data I could gather going back to 1963). While a significant advance is in the books, I still see room for appreciation in the stock given EPS growth trends, the current valuation, and broad technical strength. I have a buy rating on the stock ahead of Q4 earnings confirmed for release next week. GE Shares Nearly Doubled in 2023, Its Best Y ...

Honeywell International (HON -0.28%) was part of a major shakeup in the Dow Jones Industrial Average. On Aug. 31, 2020, Honeywell, Salesforce, and Amgen joined the Dow, replacing Raytheon Technologies (now RTX), ExxonMobil, and Pfizer, respectively. Honeywell stock popped toward the end of 2020. But over the past three years, the stock has been close to dead money, returning just 2.7% even when factoring in dividends. Here's why Honeywell stock deserved to languish, but why it could be a dividend stock wort ...

General Electric Company’s (GE) unit, GE Vernova’s Onshore Wind business, recently secured a new equipment and long-term services contract from Pattern Energy to deliver 3.6-154 wind turbines. The wind turbines will be installed at Pattern Energy’s SunZia wind farm, which is based in New Mexico. This marks GE Vernova’s largest single onshore wind turbine order with respect to the number of turbines and power generation capacity.GE Vernova is the combined operation of GE Digital, Renewable Energy and GE Powe ...

General Electric Company’s (GE) unit GE Vernova’s Gas Power business has secured a deal from Queensland Government-possessed energy company, CS Energy, to deliver 12 units of LM2500XPRESS aero-derivative gas turbines. The gas turbines will be installed at CS Energy’s Brigalow Peaking power plant based in the Western Downs region of Queensland, Australia.GE Vernova is the combined operations of GE Digital, Renewable Energy and GE Power. Its Gas Power business includes General Electric’s gas lifecycle busines ...

GE Gets Biggest Onshore Wind Order Ever Ahead of Split Up. ...

General Electric Company’s (GE) unit, GE Vernova (combined operations of GE Digital, Renewable Energy and GE Power), has announced that Iberdrola Mexico’s Topolobampo III power plant has begun its commercial operation.Located in Mexico’s Sinaloa state, near the Topolobampo natural gas pipeline, the Topolobampo III facility is equipped with two GE’s 7HA.01 gas turbines, three H53 generators, D650 steam turbine and state-of-the-art plant control systems with GE's integrated Mark VIe Distributed Control System ...

General Electric Co. has saved its best year for its last.At the beginning of the second quarter, GE’s power and renewable-energy business will be spun off as GE Vernova, while its remaining business will be relaunched as GE Aerospace. That follows the conglomerate’s separation of GE HealthCare Technologies Inc. GEHC, -0.05% in December 2022.But rather than mourn the final breakup of the 150-year old company, which was co-founded by Thomas Edison, Wall Street cheered like it never had before. GE’s stock GE, ...

jetcityimage/iStock Editorial via Getty Images General Electric (NYSE:GE) has unveiled its plan to spin off GE Vernova and introduce GE Aerospace at the start of the second quarter of 2024. Despite this change, GE Aerospace will maintain its listing on the New York Stock Exchange under the familiar ticker symbol 'GE.' I believe GE Aerospace represents a profitable and structurally sound growth business. Consequently, I recommend investors consider acquiring GE shares before the spinoff, initiating cover ...

General Electric Company (NYSE:GE) Q3 2023 Earnings Conference Call October 24, 2023 7:30 AM ET Company Participants Larry Culp - Chairman and CEO Rahul Ghai - GE Aerospace CFO Steven Winoker - VP, IR Conference Call Participants Scott Deuschle - Deutsche Bank Nigel Coe - Wolfe Research Seth Seifman - JPMorgan Julian Mitchell - Barclays Sheila Kahyaoglu - Jefferies Deane Dray - RBC Capital Markets Andrew Kaplowitz - Citigroup Jeffrey Sprague - Vertical Research Partners Andrew Obin - Bank of America Joseph ...