GE's stock has its best year on record ahead of final breakup
GEGE(GE) Market Watch·2023-12-29 23:05

General Electric Co. has saved its best year for its last. At the beginning of the second quarter, GE’s power and renewable-energy business will be spun off as GE Vernova, while its remaining business will be relaunched as GE Aerospace. That follows the conglomerate’s separation of GE HealthCare Technologies Inc. GEHC, -0.05% in December 2022. But rather than mourn the final breakup of the 150-year old company, which was co-founded by Thomas Edison, Wall Street cheered like it never had before. GE’s stock G ...