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CNRG - General Electric: Hydrogen Turbines Small Nuclear Reactors Can Spruce Up This Withering Stock

  • After a decade of struggles, GE, the American industrial giant, may have a window of opportunity to turn things around, in the form of a global energy transformation.
  • Dwindling global conventional oil & gas discoveries are ushering in the need to adopt new energy strategies. Small nuclear reactors, as well as hydrogen-powered turbines, seem to be leading contenders.
  • GE already has a presence in both fields. It remains to be seen how much of a market share it can capture, given stiff competition from financially sturdier companies.
  • If GE can successfully establish itself in these two fields, it can potentially use new-found revenues and profits to turn the business around. So far, there are some promising signs in this regard.
  • GE stock is currently expensive given fundamentals, but buying opportunities may arise. Alternatively, GE power could be an appealing buy after GE splits up.

For further details see:

General Electric: Hydrogen Turbines, Small Nuclear Reactors Can Spruce Up This Withering Stock
Stock Information

Company Name: SPDR S&P Kensho Clean Power
Stock Symbol: CNRG
Market: NYSE

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