General Electric Should Make an Audacious Bet on Renewable Energy
General Electric (NYSE: GE) has a history of making big, bold acquisitions to buy into a market it sees as having long-term potential. In its past, management has seen opportunities in media, energy, and healthcare and built leading positions almost from scratch by acquiring aggressively.
I think now is the time to make another ambitious bet on the future of energy by buying leading solar and energy storage assets. GE already has a dominant position in wind energy and it could use its position as a leading equipment supplier to utilities to be a partner of choice in renewable energy as well. Here are the assets GE should put at the top of the list.
Image source: First Solar.
Source: Fool.com
General Electric Co. Stock
€152.50
0.330%
The stock is an absolute favorite of our community with 41 Buy predictions and no Sell predictions.
As a result the target price of 167 € shows a slightly positive potential of 9.51% compared to the current price of 152.5 € for General Electric Co..
