General Electric Just Signaled the Worst May Be Over for Its Power Segment [The Motley Fool]
GE Aerospace (GE)
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Source: The Motley Fool
General Electric Just Signaled the Worst May Be Over for Its Power Segment It's not often that analysts and investors walk away from an industrial conference thinking of General Electric ( NYSE:GE Culp gives a brighter outlook on power It wasn't accompanied by a lot of fanfare, and Culp delivered the news in his usual calm manner, but if you listened carefully you would have heard him say that it "appears we may see a market somewhat north of to 0 gigawatts" for the year and "perhaps a little bit" of a tailwind going into the next couple of years. Image source: Getty Images. He was talking about industrywide large gas turbine orders in terms of power. As you can see below, the market has halved in the last five years, and GE's current outlook and planning assumption is for gigawatts to 0 gigawatts. In a nutshell, Culp just upgraded the outlook and suggested some improvement going forward. That's good news for an industry that's been struggling to cut capacity quickly enough in order
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