It's not often that analysts and investors walk away from an industrial conference thinking of General Electric's (NYSE: GE) outlook as one of the highlights, but that's exactly what attendees were probably thinking after hearing CEO Larry Culp's presentation at the Morgan Stanley Laguna conference. Culp had some long-awaited good news regarding GE's beleaguered power segment. Let's take a look at what he said and what it means to investors.
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 25 to 30 gigawatts" for the year and "perhaps a little bit" of a tailwind going into the next couple of years.
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