General Electric Is Getting Ready to Fire On all Cylinders
General Electric's (NYSE: GE) management held its yearly investor conference, and shareholders liked what they heard. It's been a long time coming, but the industrial giant looks set to significantly improve earnings across all its businesses simultaneously in the coming years. Here's why the presentation cheered the market.
As a reminder, the spin-off of GE HealthCare Technologies has left the industrial giant with three main businesses in aerospace, power, and renewable energy. Management is combining the power and renewable-energy businesses into one company, GE Vernova, which will be spun off in early 2024, with the remaining company named GE Aerospace.
Going into the presentation, investors had concerns about all three businesses, and the good news is all three were addressed by management. I'll briefly summarize investors' main questions before the presentation and then outline what was new.
Source Fool.com
