2024-04-23 19:28:52 ET
Summary
- General Electric Company has split off into GE Vernova and GE Aerospace, with GE Aerospace focusing on aircraft engines.
- GE Aerospace generated $31.9 billion in revenue in 2023, with a significant portion coming from services.
- The company expects growth in demand for commercial aircraft engines and services as air travel recovers, but the stock is considered pricey and may not have much, if any, upside.
For years now, I have been a big fan of General Electric Company . But in a real sense, the company no longer exists. Earlier this month, the company split off for a final time, creating GE Vernova ( GEV ) and GE Aerospace ( GE ). In a separate article, I already detailed my thoughts about the former. But now, with new data out that covers pro forma results for the 2023 fiscal year, I feel it's appropriate to visit GE Aerospace. Given that it inherited the "GE" ticker symbol, and it has largely been viewed as a continuation of the industrial conglomerate, it does help to look back at how shares have performed in prior years....
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For further details see:
GE Aerospace: Shares Have Flown Too High (Rating Downgrade)