GE ended the day at $34.55, up 33 cents, a neat feat considering that the rest of the market took a dive for the second day running. Despite some awkward news for its NBC division about a potential strike, GE has a run of good news it's reporting.
The first piece is that GE is breaking ground on the world's largest solar panel power plant, another big victory for their Ecomagination campaign. For GE it is a major cross-company focus that pays off by letting them pull to the front and create large alternative energy projects with their backing. GE was in the news yesterday for a large wind turbine deal as well.
GE also showcased technology that will go into upcoming LCD screens, something we're not going to see less of around the world anytime soon, demonstrating that GE's materials division is going strong. Not a bad day for the conglomerate, everything else considered.
GE after the bell 6/6/06: nice uptick on LCD technology news and solar power plant
Posted Jun 6th 2006 7:16PM by Tobias Buckell
Filed under: Good news, Products and services, Industry, General Electric (GE)
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
Closing Bell: The recession is still over, still... do you feel it?
Reader Comments (Page 1 of 1)
6-07-2006 @ 7:14AM
Vnce Papaleo said...
A GE Solar Power Panel Plant....This is the good news we've been waiting for. It's like a great new oil discovery. Imagine, GE Striking oil! It's like GE stockholders striking gold! $40 is right around the corner on the way to 50 in a year. Keep the good news coming.
6-07-2006 @ 10:10AM
Howard Stone said...
Ge is a great Co. and it is really coming into it now I purchased stock in 94 and havent looked back. The innovations that they are coming up with will really turn the co. around.