General Electric (NYSE: GE) could once boast one of the most powerful brands in America. Recently, the company’s main focus has been on power generation equipment, taking it out of the public eye. Stock has fallen dramatically for almost three years, taking shares from around $31, to $10 today. For long term investors the situation is not ideal. For new investors, now could be the time to buy.
General Electric has tens of thousands of large power appliances out in the market, including 40,000 wind turbines currently in use for large scale power production. The company is currently restructuring to shed some of its costs and business units. This could be expensive, but long-term it could benefit investors. The company intends to shift its focus to emerging technology and renewable energy, a market segment where it already has considerable strength.
Revenue increased in 2018, despite the challenges GE is facing. Sales grew by 2.85%.
An Investment in General Electric today could produce significant long-term gains. The company has the resources and the leadership team to succeed in a future dominated by renewable energy. Today’s stock price makes this a low risk investment that could be ideal for growing portfolios.
- 1 Year Price Growth: -20.10%
- YTD Price Growth: 84%
- 3 Month Price Growth: 78%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.