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General Electric's stock is classified as an industrial security. This corporation is notable for its strong financial performance and broad business profile. To invest profitably in this asset, study the company's financial report and analysts' forecasts.
General Electric is one of the most famous industrial companies in the world. Founded in 1892 by Thomas Edison, it has grown into a global leader in technology, engineering and financial services. With more than 300,000 employees worldwide, GE is a powerful company in the industrial sector.
GE is a global leader in many industries, and its influence is felt in virtually every sector of the economy. As the company continues to innovate and expand into new markets, its influence will undoubtedly be felt for years to come.
GE is a diversified industrial giant with a presence in energy, healthcare, aviation and even the entertainment industry. General Electric's energy division is one of the world's largest manufacturers of turbines, generators and other energy-related equipment. In healthcare, the company makes equipment for medical imaging, diagnostics and patient monitoring. GE's aviation division produces jet engines, aircraft components and other related products.
GE is also actively involved in research and development. The company invests in a variety of projects, including innovative materials, renewable energy and digital technologies. GE's research and development has resulted in numerous products, including the world's first jet engine and the world's first commercial nuclear power plant.
GE is going through a rough patch as its health care business has not lived up to projected revenues due to supply chain disruptions. Meanwhile, the renewable energy division could suffer a loss of about $2 billion in 2022 due to lower demand for wind power and falling market prices amid political instability. This could likely have a negative impact on General Electric's stock price.
While GE is undergoing a major restructuring, the company is betting heavily on its commercial aerospace business. In 2023 alone, management predicts it will generate six billion dollars in revenue -- significantly more than the energy and renewable energy divisions combined. GE Aerospace's future looks very promising.
GE's outstanding financial performance in 2022 continued to grow steadily, with third-quarter revenue growth of 24% and nine months to 21%. Supply chain headwinds were noticeably loosened, leading to an impressive 25% increase in organic orders in the third quarter - overall, GE Aerospace parts sales show promising growth potential ahead of a crucial fourth quarter.
Despite an unprecedented 2021, GE Aerospace remained unfazed. With earnings growth of 20% and expected margins of 17.5-20%, 2022 is expected to be even more profitable, with projected earnings of up to $5 billion - up nearly 30% from the previous estimate.
On Dec. 23, when the General Electric stock price forecast was made, the stock price was $80. In 2023, the quote could drop to $50. If the company continues to grow earnings, it has prospects of GE stock rising to $100 or higher by 2025. The corporation's success also depends on the development of the individual industries in which it operates.
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