U.S. Markets closed

GE Is Restructuring Its Businesses to Return to Growth

Andrew Brunton
GE Is Restructuring Its Businesses to Return to Growth

For the past few years, General Electric (GE) has been witnessing falling revenues and profitability, mainly due to the underperformances of several of its business units. The company’s Power segment is struggling to keep up with changing industry dynamics, in which growing demand for renewables and energy efficiency has eroded demand for fossil fuels. GE’s Power segment’s performance is dependent on the gas and coal turbine market.