|Bid||0.00 x 21500|
|Ask||0.00 x 36900|
|Day's Range||12.90 - 13.41|
|52 Week Range||5.48 - 14.42|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||22.67|
|Earnings Date||Apr 27, 2021|
|Forward Dividend & Yield||0.04 (0.31%)|
|Ex-Dividend Date||Mar 05, 2021|
|1y Target Est||14.27|
GE Renewable Energy CEO & President Jerome Pecresse joins Yahoo Finance Live to discuss the future of wind power and his expectations for clean energy.
GE's turnaround is gaining traction as key businesses improve while the industrial giant continues to shrink its debt load.
It's no secret that renewable energy, in this case, wind power, is a long-term growth industry. Indeed, leading energy industry bodies such as the U.S. Energy Information Administration (EIA) believe that, on average and without tax credits, onshore wind power will make more financial sense than combined cycle (gas and steam) power within the next 20 years. Wind power has long-term growth prospects, but global onshore wind power installations will be flat in the medium term, while global offshore installations will likely only take off in 2025 and afterward.