|Bid||0.00 x 1200|
|Ask||0.00 x 1800|
|Day's Range||11.22 - 11.76|
|52 Week Range||11.22 - 25.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||0.48 (3.85%)|
|1y Target Est||16.82|
Shares of General Electric Co. sank 4.1% in afternoon trade Tuesday, putting them on track to close at the lowest level since July 10, 2009. The industrial conglomerate's stock has now plunged 12% in four sessions, since issues with one of its gas turbines forced Exelon Corp. to shut down a plant, and prompt J.P. Morgan analyst Stephen Tusa to cut his price target to a Street low of $10. The latest selloff comes exactly three months after GE's last day in the Dow Jones Industrial Average on June 25, which ended its record 111-year run in the blue-chip barometer. GE's stock has now plunged 55% over the past 12 months, while the Dow has gained 19%.
NEW YORK/PARIS, Sept 25 (Reuters) - French power utility Electricite de France SA said on Tuesday it has shut down a General Electric Co turbine at its Bouchain power plant for one month due to a turbine blade issue that has shut down similar plants in the United States. GE shares fell 4 percent after EDF said it took the action over the weekend following a failure of a turbine blade at Exelon Corp's Colorado Bend plant in Texas.
General Electric: Is There a Light at the End of the Tunnel? The markets were surprised when General Electric (GE) retained the GE Power segment at its investor update on June 26. Recently, the Power segment has caused the most woes for General Electric.
General Electric: Is There a Light at the End of the Tunnel? On June 26, General Electric (GE) went “long” on its Power segment. The segment’s share in General Electric’s Industrial segment’s gross revenues before corporate eliminations was 26% in the second quarter—compared to 33% the previous year.
General Electric has had plenty of problems. The most recent—concern about its gas turbines—has dragged the stock lower. UBS sees a risk of more losses.
Russell Stokes, the president and CEO of General Electric’s (GE) Power unit, published an article on LinkedIn on September 19. He confirmed that the company discovered an oxidation issue with a single blade component in its advanced gas turbines installed at Exelon’s (EXC) Texas power plant.
For General Electric (GE) investors, anxiety seems to be long-lasting phenomena. Nothing is easing the industrial giant’s issues. The euphoria after the June 26 investor update didn’t last long. The stock is on a downward track. The stock showed some resilience after the restructuring plan was unveiled in June.
Wabtec's (WAB) deal with GE Transportation, expected to close early next year, should significantly expand product portfolio of the former. The company's current-year outlook is encouraging as well.
The multiyear chart for General Electric Company (NYSE: GE ) shows sustained selling pressure since late 2016 with "no relief in sight," according to Oppenheimer's Ari Wald. The Analyst Wald, ...