General Electric's problems are going from bad to worse [MSN Money]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
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Source: MSN Money
Replay Video UP NEXT 1 Cancel SETTINGS OFF HD HQ SD LO GE shares drop on turbine problems What to watch next UP NEXT Video by Reuters General Electric confirmed this week that it has had a major failure in one of its turbines at the Colorado Bend power plant. While GE is downplaying the impact of the issue, GE investors and analysts are losing patience with the struggling stock. Load Error J.P. Morgan analyst Stephen Tusa says it's unclear just how big of a deal the failure is at this point. Regardless, Tusa says GE can't afford more blows to its battered reputation, and the failure will negatively impact its power segment business in the near term. General Electric says the failure was an oxidation issue, and the company is working on running the turbines utilizing the same blade with additional maintenance runs. After reaching out to industry experts, Tusa sa
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News
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- General Electric (NYSE: GE) had its price target raised by analysts at Argus from $170.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website