General Electric (GE) Stock News

GE Aerospace soared to a new high after earnings in July. Shares are in a buy zone.

William Blair analyst Jed Dorsheimer launched coverage of GE Vernova stock with a Buy rating. Now 74% of analysts covering the electricity-production technology firm are bullish.

The active network management market size was valued at US$ 1.29 billion in 2023 and is expected to reach US$ 4.51 billion by 2031; it is estimated to record a CAGR of 16.9% from 2023 to 2031. The active network management market size was valued at US$ 1.29 billion in 2023 and is expected to reach US$ 4.51 billion by 2031; it is estimated to record a CAGR of 16.9% from 2023 to 2031.

Defense companies continue to struggle with margins, notably on fixed-price development programs. Commercial aerospace has its own challenges, and has traditionally been a cyclical industry.

GE Vernova's shares fell nearly 7% on Friday following a turbine-blade failure at an offshore wind farm in the UK, the latest in a string of incidents involving the power service firm's equipment.

GE Aerospace (NYSE: GE) has seen its stock rise by around 65% this year, outperforming the broader indices, with the S&P 500 up 18%. The stock now trades at 40x projected 2024 earnings of $4.13 per share.

Walmart was the biggest company by revenue in 2004 and it still has today. Oil and manufacturing companies have lost their stature.

GE Vernova is highly leveraged to global catalysts such as increasing electricity and natural gas usage. The firm's impressive second-quarter results show that it is already benefiting from these trends. GE Vernova's valuation is attractive, making it a buy for medium-to-long-term investors.