General Electric (GE) Stock News

WEST PALM BEACH, Fla. , Jan. 29, 2025 /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today the successful completion of initial ground runs for the T901 engine on a U.S. Army Black Hawk helicopter at Sikorsky's West Palm Beach facility.

Energy company Chevron is partnering with Engine No. 1 and GE Vernova to create natural gas power plants in the United States that will be linked to data centers in order to support increased demand for electricity at these centers, particularly for the development of artificial intelligence.

Energy major Chevron said on Tuesday it has signed an agreement with investment firm Engine No. 1 and GE Vernova to build natural gas-based power plants to run co-located data centers in the U.S.

Chevron and GE Vernova will team up with activist firm Engine No. 1 to provide natural gas solutions.

GE Aerospace (NYSE: GE) recently reported its Q4 results, with revenues and earnings well ahead of the street estimates. The company reported revenue of $9.9 billion and adjusted earnings of $1.32 per share, compared to the consensus estimates of $9.5 billion and $1.04, respectively.

DeepSeek, a Chinese start-up, raises questions about the growth of AI's demand for power.

As the first earnings cycle of 2025 is ramping up, so are the announcements of new share buyback authorizations. Among these announcements, three big-name U.S. stocks stick out so far, all of which also posted impressive Q4 2024 earnings.

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