General Electric has completed a significant transformation by spinning off GE Vernova and transitioning GE Aerospace into a standalone entity, marking a pivotal shift towards becoming a pure-play aerospace stock. This strategic move comes after two decades of turmoil that saw GE much smaller than its former self. The spinoff has led to the creation of newly independent publicly traded companies, with both GE Aerospace and GE Vernova celebrating their listing on the NYSE under the tickers $GE and $GEV, respectively. The restructuring aims to defy the poor track record of corporate breakups, with bullish investors hopeful about GE's future performance. CEO Larry Culp, who has been instrumental in GE's breakup, and GE Vernova CEO Scott Strazik have publicly discussed the company's transformation, emphasizing GE's mission to electrify and decarbonize the world. The spinoff has been valued at $191.9 billion, indicating a significant market expectation for both entities.
$GE Stock Did a Rollercoaster Ride This Morning stock went from "down in the dumps" to "flying high" faster than a jet engine! Seems the conglomerate split finally took flight, separating aerospace from healthcare & renewable energy @MXLESQ @jonnajarian discuss on Rebel's Edge 🏴☠️… https://t.co/Frh9rB9aDo
Will GE do better as three companies than as one?: How to dismantle an industrial icon https://t.co/C6DaMMteSI
.@GE_Aerospace is on a mission to "be the company who defines flight for today, tomorrow and the future." Congratulations to CEO Larry Culp and the entire #GEAerospace team on taking flight with NYSE: $GE. #WeAreGo https://t.co/0HjaBE8cBC
The NYSE welcomes @GE_Aerospace (NYSE: $GE) and @GEVernova (NYSE: $GEV) in ringing the Closing Bell! https://t.co/6FzGlFgjVh
-Lennar -Petco -NIO Downgraded Here are today's top calls https://t.co/AeC9w7tmPb https://t.co/WEuX5oMyte
Building on over 130 years of experience, @GEVernova is on a mission to electrify the world while simultaneously working to decarbonize it. Congratulations to CEO Scott Strazik and the #GEVernova team around the world on today’s launch with NYSE: $GE https://t.co/G8UATJLJQH
Building on over 130 years of experience, @GE_Vernova is on a mission to electrify the world while simultaneously working to decarbonize it. Congratulations to CEO Scott Strazik and the #GEVernova team around the world on today’s launch with NYSE: $GE https://t.co/VbRPptNnr7
Investors hope GE spinoff will defy poor track record of breakups https://t.co/HOFR75vNbk https://t.co/swZufksPFi
⚠️ ANALYSIS-INVESTORS HOPE GE SPINOFF WILL DEFY POOR TRACK RECORD OF BREAKUPS Full Story → https://t.co/NT8XW5Wby5 As General Electric completes its $191.9 billion breakup, bullish investors are betting it will defy the lackluster share price performance that has followed… https://t.co/BHEgDJbxZB
Advancing flight for future generations. Watch as @GE_Aerospace takes off for its listing on NYSE: $GE #WeAreGo https://t.co/ECUXOmZJBg
GE CEO Larry Culp and GE Vernova CEO Scott Strazik joined @SquawkStreet to discuss General Electric's transformation. https://t.co/6lTjI02DdK https://t.co/MIQGAvXlFB
GE Aerospace is now trading as a standalone. Almost 20 years to the day since: "EVENDALE, OHIO - With the selection of General Electric Company (GE) to power The Boeing Company's new 7E7 Dreamliner aircraft, GE has launched the development of a new commercial jet engine." $GE
Following the completion of the planned spin-off of the GE businesses, @GE_Aerospace and @gevernova will celebrate their listing as focused, newly independent publicly traded companies (NYSE: $GE, $GEV) https://t.co/IXgxps33Lr
$GE GE completes three-way split, breaking off from its storied past $GEHC $GEV - Reuters https://t.co/DnsSj5qW4i
After two decades of turmoil, GE is much smaller than it once was. But the company’s shares have surged as CEO Larry Culp completes his breakup. https://t.co/uA4tRk4J6f https://t.co/uA4tRk4J6f
GE spins off GE Vernova, pivots to pure-play aerospace stock https://t.co/qWnVWGNcnP
Tuesday’s analyst upgrades and downgrades https://t.co/otlkMXV2l9
Tuesday's analyst calls: New General Electric spinoff a buy, dating stock to surge more than 35% https://t.co/WOLvANz3Nw
Scott Strazik, ceo of GE Vernova and Larry Culp, ceo of GE ahead of tomorrow’s launch !! https://t.co/HOdB3fsh1h
Monday’s analyst upgrades and downgrades https://t.co/ELPSU1Rcbh
Monday's analyst calls: Chip stock gets big price target increase, airline to rally 75%? https://t.co/QpqoEHJ7q7