General Electric Company (NYSE: GE) ended that day at $35.61, up 19 cents or 0.54% from its close yesterday. GE recently released that it is getting into helping Isotoner refinance (the gloves company), in a $145 million deal.Of interest to shareholders is GE's 2007 Annual Meeting of Shareowners. This year it will be held April 25 in Greenville, South Carolina. GE will be talking about the diversity and strength of the conglomerate there.
Interested in alternative energy? The Motley Fool's Paul Elliott makes a case for buying GE as a way to get involved in diversified energies, not just the traditional oil and gas. GE is one of the larger alternative energy investors in the world, and although it sounds counter-intuitive, would be a great way to invest in that long term outlook on energy if one were interested. Maybe, but investing directly in an alternative energy company would free you of the general sluggishness that GE seems to suffer as well, for better or worse. Are any readers in GE for the alternative energy investment out there?
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Reader Comments (Page 1 of 1)
10-26-2006 @ 12:19PM
Douglas Peltzer said...
GE windpower is worth considering as a $3B part of ~$150B GE. The US windpower market should have a 20% CAG and GE has half. A GE Exec joined Clipper Windpower, PLC, which has a lower cost design and a 1000 MW FPL order. GE may have an inside track for aqusition or license. This confirms the Windpower industry will have a cost learning curve like semiconductor manufacturing and may dominate with a one cent per kWh cost as discussed in Sierra Club postings.