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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.

GE after the bell 10/3/06: confidence in a nuclear energy renaissance originally appeared on BloggingStocks on Tue, 03 Oct 2006 17:28:00 EST. Please see our terms for use of feeds.

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