GE after the bell 10/3/06: confidence in a nuclear energy renaissance

Posted Oct 3rd 2006 5:28PM by Tobias Buckell
Filed under: After the Bell, Products and Services, Industry, Competitive Strategy, General Electric (GE)

General Electric Company (NYSE: GE) is having a strong week, up today 21 cents and 0.59% to end at $35.71. Yesterday Prudential said that it believed GE was poised to improved 'indefinitely' due to its profits and diversified industries. Renewed confidence in NBC also played a part in GE confidence.

GE is also celebrating its 50th year as a nuclear energy business. GE entered in 1956, and in 2003 began to prepare for a renaissance in western markets. It has since invested $78 million in a new facility in Wilmington, North Carolina, and is building an advanced reactor technology design center. GE clearly sees this as a forward-looking investment in a world that will need alternative energy sources.

Tags: ge nuclear energy, ge power, GeNuclearEnergy, GePower, nuclear energy, NuclearEnergy, prudential