General Electric Company is an American multinational conglomerate incorporated in New York City and headquartered in Boston. With GE stock … What That Means for GE Stock. Find the latest General Electric Company (GE) stock quote, history, news and other vital information to help you with your stock trading and investing. Report: Ohio is 8th best state for aerospace manufacturing. Excluding restructuring and other charges, GE reported an adjusted profit of 6 cents a share. The renewable energy and aviation news are positives for GE, something the company has not had much of in 2020, so undoubtedly investors are hoping 2021 will be a much better year for the stock. Tusa is the most bearish analyst on GE's stock but gained a following in recent years, as he issued early warnings that the company's stock was worth much less than others believed. Change Text Size: Default text size A; Larger text size A; Largest text size A; GE Plans More Job Cuts in Aviation Division -- Update. Revenue fell 32% for the first nine months of 2020. Not simply is GE Aviation uncovered, but GE Capital’s most significant company is actually GECAS, an aircraft leasing program. Whether we’re manufacturing components for our GE9X engines, driving innovation in fuel and noise reduction, or unlocking new opportunities to grow and deliver more productivity, the GE Aviation teams are dedicated to moving the aerospace industry forward. Contact us for a quick quotation now! Then the Boeing ( BA ) 737 Max crisis and coronavirus pandemic hit, slamming the jet-engine maker. Well before the vaccine will really show up as a +ve for air travel. Tags General Electric Company Aviation Transportation. Last year, GE Aviation constituted roughly 15% of GE's $146 billion revenues, but along side the company's oil & gas business, was the key driver for growth in its results. From Business Journals. GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. August 01, 2019. Tags Health Care Honeywell International Inc/ SelectTech Services. The Bottom Line on GE Stock. Wall Street was expecting an adjusted loss of 4 cents a share on revenue of $18.7 billion. Company profile page for GE Capital Aviation Services Inc including stock price, company news, press releases, executives, board members, and contact information The 2008 financial crisis hit GE hard. View and compare GE,aviation on Yahoo Finance. The consensus price target on the stock is $8.89, and GE’s annual dividend of $0.04 yields 0.41% at the current share price. We believe that General Electric stock (NYSE: GE) may be a good buying opportunity at the present time. From Business Journals. Tune in or catch up on GE’s latest investor events and reports. Shares of GE rose about 5% in premarket trading. Follow me on Twitter . BY Dow Jones & Company, Inc. — 8:59 AM ET 11/24/2020. GE +3.8% pre-market after Oppenheimer upgraded the stock on growing confidence in an aviation recovery, after climbing more than 3% yesterday. Stock Research Overview; Stock Screeners; Markets & Sectors; Fidelity Learning Center ; Print Format. GE's aviation business had $32 billion in annual sales last year, but the pandemic and the long grounding of Boeing Co.'s MAX jet, which runs on engines from a GE joint venture, have sapped the business. GE reported $3.6 billion in power-services revenue last quarter, second only to $5.4 billion in services revenue at its aviation unit. Tickers GE. General Electric will cut up to a quarter of its aviation business staff as demand for air travel plunges due to the coronavirus pandemic. … At GE Aviation we invent the future of flight, lift people up and bring them home safely. Events & reports Investor events and reports. GE reported first-quarter earnings last month that included a 39% drop in the aviation unit’s profits and a 11% decline in underlying sales. If Culp’s gloomy assessment of the prospects for GE’s Aviation unit is accurate then any upside surprise could enhance investors’ appetite for the stock. GE stock declined from levels of about $40 in September 2007 (pre-crisis peak) to levels of $8 in March 2009 (as the markets bottomed out), implying GE stock … Peter Cohan GE also provided reassuring updates on some areas that have had investors concerned. General Electric (NYSE:GE) Stock a Buy: An Overlooked Pandemic Play marketbeat.com - November 25 at 9:06 AM: General Electric (NYSE:GE) PT Raised to $12.00 at UBS Group marketbeat.com - November 25 at 8:42 AM: General Electric (NYSE:GE) Price Target Increased to $11.00 by Analysts at The Goldman Sachs Group marketbeat.com - October 29 at 11:54 AM 2008: GE in Crisis . The stock is down nearly 40 percent, year to date. GE’s Lynn workers told to 'prepare for strike’ after labor deal rejected. ... Get the latest GE stock data. General Electric on Monday named Embraer executive John Slattery to succeed GE Aviation … No Minimum Quantity required. GE stock rallied strongly in 2019 on hopes for a turnaround under Culp. Mike Blake/Reuters. GE Aviation Is Getting a New CEO. GE Aviation/stock should move once that hits the streets. SAN RAMON, Calif. – December 1, 2020 – GE Digital, GE’s [NYSE:GE] software business, today announced that GE Aviation’s Digital Group has joined the company. 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