General Electric Company (GE) is one of the leading company whose power section gives the options of gas turbines which are heavy-duty and aero-derived. Also, this sector provides generators and motors, and tools for energy-intensive utilization sectors such as mining, metal, and test systems. The company also gives solutions to hydro, solar, and grid maintenance. The company’s aviation sector produces aircraft engines. The healthcare section produces different healthcare machinery. The company’s capital section provides insurances, leasing, and financing.
The price of GE stock during the regular trading on January 4, 2022, with an increase of 3.25% was $99.37. At last check in the aftermarket, the stock dropped slightly by 0.37%.
GE: Events and Happenings
On December 21, 2021, GE reported about the completion of a definitive agreement of purchase of BK Medical, from Altaris Capital Partners. BK Medical is a leading and advanced surgical visualization. BK medical was acquired for a price of $1.45 billion on September 22, 2021. On December 21, 2021, GE reported about its entry into a collaboration for the acquisition of Opus One Solutions Energy Corporation. It is a software firm helping to optimize electric utilization. The collaboration had helped to develop renewable and Distributed Energy Resources at length across the electrical grid.
On December 10, 2021, GE reported that its BoDs declared a dividend of $0.08 per share on the company’s outstanding common stock. The dividend is due to pay on January 25, 2022, to stockholders. On December 9, 2021, GE reported about its collaboration with UK Power Networks for the Constellation project. It augments the utility of the distribution network to enable the growth of renewable energy generation across the UK. It’s a pioneer project to use powerful computers fixed in different substations, making them smart substations.
On December 7, 2021, GE reported that its aviation assets record software was chosen by Ameriflight which is the largest Part 135 cargo carrier for better information regarding its flight operations. On December 2, 2021, GE reported that it had achieved a milestone of recognition as a leading delivery of software distributor for managing renewable energy sources and DER’s. The utilization addressed the major issues of decarbonization and enhanced reliability, and safety. The company was recognized by Guidehouse Insights for its research titled AI Vendors for DER Integration.
GE: Key Financials
On October 26, 2021, GE reported about its financial results for the third quarter ended September 30, 2021. Some of the key highlights are as follows.
The total revenue reported by the company for Q3 2021 was $18.4 billion as compared to the same period of 2020 when the revenue was $18.5 billion.
Net Earnings/Loss per Share
Net earnings per share for Q3 2021 were $1.08 while the net loss per share for the same period of 2020 was $1.09.
GE’s stock is 4% up in comparison to the past week. The company moved in the current market as the stock inclined in regular trading while the aftermarket observed the slight downfall of the stock. This is possibly due to the unfavorable market circumstances of the company. The analysts are expecting investor-based strategies from the company to attract potential stockholders.