Prime Allied Limited - Ahead of their significant aerospace play, GE stock increases by 68%

CENTRAL, Hong Kong - July 11, 2023 - PRLog -- It is a leaner, more focused version of GE.

Investors have thus far embraced the transformation. After spinning out its GE Healthcare Technologies (GEHC) division as a separate business late last year, GE stock reached a record high on June 30 and has up 68% so far in 2023. And since its launch on January 4, GEHC stock has increased by 45%.

Early 2024 is the planned split-off date for Vernova, GE's power generating division. It will end the protracted and complex reorganization of the industrial behemoth and leave a free-standing GE Aerospace.

With its hands in everything from light bulbs, refrigerators, and washing machines to media, entertainment, financial services, energy systems, and jet engines, GE was once regarded as the ultimate conglomerate. However, the once-famous stock had multiple declines in the 2000s, including an 83% decline from 2016 to 2020. It discarded companies.

The GE bears have left Wall Street, at least for the time being. The GE stock has reached its highest level in five years thanks to investors.

But what should investors anticipate as the large GE separation nears completion? Will the rise in the price of GE shares continue? Can this American classic be made relevant once again after a decades-long fall from favor thanks to the rise of GE Aerospace?

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