General Electric Company (NYSE: GE) is a global industrial leader, offering products and services in areas such as power generation, aviation, healthcare, and renewable energy. GE continues to drive innovation across multiple industries worldwide.
Key Takeaways:
- The company’s focus on aerospace, healthcare, and renewable energy sectors will likely drive long-term value
- Technological advancements and global economic trends will play crucial roles in GE’s stock performance
- Investors should consider both short-term fluctuations and long-term growth potential
Overview of General Electric Company
General Electric Company (GE) is a multinational conglomerate headquartered in Boston, Massachusetts. Founded in 1892 by Thomas Edison and others, GE has evolved into a global leader in various industries, including aviation, power generation, renewable energy, healthcare, and digital solutions.
General Electric’s key acquisitions:
- RCA (1986): Acquired for $6.28 billion, bringing NBC into GE’s portfolio and expanding media presence.
- Kidder Peabody (1986): Acquisition aimed to enhance financial services but was later sold due to losses.
- Alstom (2015): GE acquired Alstom’s Power and Grid businesses for $12.4 billion, boosting energy technology capabilities.
- Baker Hughes (2017): Merged oil and gas operations with Baker Hughes, creating a significant energy sector player.
- Healthymagination (2010): GE invested in Healthymagination to innovate healthcare solutions and improve patient outcomes globally.
- LM Wind Power (2017): Acquired this wind turbine blade manufacturer to strengthen renewable energy initiatives and capabilities.
- ServiceMax (2017): GE Digital acquired ServiceMax to enhance service management solutions for industrial equipment customers.
- Averica Discovery (2020): Acquired to expand GE’s capabilities in advanced manufacturing and digital solutions for industries.
- Molecular Imaging (2021): GE Healthcare acquired this company to enhance imaging technologies and diagnostics in healthcare.
- Pratt & Whitney Canada (2021): GE acquired this subsidiary to strengthen its aerospace technology and expand market reach.
General Electric Company Profile
| Country | United States |
| Ticker Symbol | GE |
| Exchange | New York Stock Exchange |
| Founded | 1892 |
| IPO Date | 1962 |
| Industry | Conglomerate |
| Sector | Industrials |
| Employees | 125,000 |
| CEO | H. Lawrence Culp, Jr. |
| Market Cap (October 4, 2024) | $201.80 billion |
| Website | General Electric |
General Electric (GE) Balance Sheet Analysis
General Electric Company (NYSE: GE) reported total assets of $163.045 billion in its 2023 balance sheet. The company’s total liabilities, net of minority interest, stood at $134.465 billion, while total equity, including minority interest, was $28.58 billion.
GE’s total capitalization, comprising debt and equity, amounted to $47.089 billion. The conglomerate’s common stock equity was valued at $27.378 billion, and it had $1.973 billion in capital lease obligations. Its net tangible assets were $8.298 billion, with $8.922 billion in working capital.
The company’s balance sheet revealed total debt of $22.937 billion and net debt of $3.997 billion. GE had 1,088,416 ordinary shares issued and outstanding, along with 40 preferred shares.
Overall, General Electric’s 2023 balance sheet reflected a slight contraction in its financial position compared to the previous year, with decreases in total assets, liabilities, equity, and capitalization.
Balance Sheet Data Source: finance.yahoo
General Electric Company Stock Price History
General Electric Company (NYSE: GE) had its IPO in the year 1962. General Electric (GE) has undergone 10 stock splits since 1971. These occurred in 1971, 1983, 1987, 1994, 1997, 2000, 2019, 2021, 2023, and 2024. One GE share purchased before June 8, 1971, would now equal 20.03156064 shares.1
As of October 3, 2024, the stock stands at $183.89.
General Electric Stock Price Forecast 2024
For 2024, the stock predicts a growth of approximately 12%. GE Aerospace’s innovations in aircraft engines, such as the GE90 and GE9X, are expected to drive this increase. GE Healthcare’s advancements in medical imaging systems, including MRI and CT technologies, are likely to boost investor confidence.
The company’s digital industrial solutions signal potential market share gains. GE’s industrial software, enhanced with machine learning models, could generate new revenue streams by optimizing manufacturing processes across various sectors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $195.00 | $205.95 | $257.44 |
General Electric Stock Price Forecast 2025
The stock forecasts a growth rate of about 13% in 2025. GE Renewable Energy’s wind turbine and hydropower solutions are expected to be key drivers. The company’s ongoing development of energy storage solutions could significantly contribute to this growth.
We anticipate increased demand for GE Healthcare’s patient monitoring systems and diagnostic equipment. The division’s efforts in developing healthcare IT solutions may enhance the company’s market capitalization and price-to-earnings ratio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $220.35 | $232.72 | $302.54 |
General Electric Stock Price Forecast 2026
Our analysts project a growth of approximately 14% for 2026. GE Aerospace is expected to benefit from rising demand for fuel-efficient aircraft engines. The military aircraft engine segment could see growth due to global defense spending trends.
GE Vernova’s power generation equipment, including gas and steam turbines, will likely see increased adoption in emerging markets. The company’s grid solutions might gain traction as countries invest in power infrastructure upgrades, potentially improving GE’s revenue growth and profit margin.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $251.20 | $265.30 | $357.66 |
General Electric Stock Price Forecast 2027
The stock predicts a growth rate of about 15% in 2027. GE Additive is expected to make significant strides, potentially revolutionizing industrial production processes. The company’s materials science advancements could open up new market opportunities and improve its market share.
GE Aerospace’s aviation services and aftermarket solutions are likely to contribute substantially to revenue growth. The increasing focus on predictive maintenance using IoT and big data analytics could enhance GE’s free cash flow and return on equity.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $288.88 | $305.10 | $426.14 |
General Electric Stock Price Forecast 2028
We anticipate a growth of approximately 13% for 2028. GE Renewable Energy is expected to benefit from the global push towards clean energy solutions. The company’s solar power and grid storage solutions could see increased adoption, potentially improving its sector performance and industry trend indicators.
GE Healthcare will likely continue to innovate, particularly in personalized medicine and AI-driven diagnostics. The division’s patient monitoring systems might see increased demand due to the aging global population, positively affecting GE’s earnings per share and analyst ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $326.43 | $344.76 | $482.66 |
General Electric Stock Price Forecast 2029
The stock forecasts a growth rate of about 14% in 2029. GE Digital’s industrial solutions are expected to mature, offering significant value to customers across various sectors. The company’s cybersecurity solutions could become increasingly important as industrial IoT adoption grows, potentially improving GE’s beta and volatility metrics.
Our analysts predict that GE Aerospace might benefit from advancements in electric and hybrid propulsion systems for aircraft. The company’s research in noise reduction technologies could give it a competitive edge in the aviation market and boost its patent portfolio value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $372.13 | $393.03 | $570.89 |
General Electric Stock Price Forecast 2030
For 2030, we project a growth of approximately 15%. GE Healthcare is expected to make significant strides in precision medicine and advanced imaging technologies. The division’s investments in AI-driven healthcare solutions could pay off substantially, potentially improving GE’s price-to-earnings ratio and institutional ownership.
GE Vernova’s power generation equipment will likely see increased demand as countries transition to cleaner energy sources. The company’s gas turbine technology, optimized for hydrogen fuel, could become a key growth driver, positively affecting GE’s revenue growth and market sentiment. This trend towards cleaner energy solutions is also reflected in other sectors, as seen in the Canadian National Railway stock forecast, which factors in the transportation industry’s shift towards more sustainable practices.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $427.95 | $451.98 | $678.00 |
General Electric Stock Price Forecast 2031
The stock predicts a growth rate of about 12% in 2031. GE Aerospace is expected to benefit from the increasing demand for more efficient and environmentally friendly aircraft engines. The company’s advancements in composite materials could also contribute to its market leadership and improve its relative strength index.
We anticipate that GE Renewable Energy might see growth from increased adoption of offshore wind technologies. The company’s grid modernization solutions could also gain traction as countries invest in smart grid infrastructure, potentially boosting GE’s dividend yield and free cash flow.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $479.30 | $506.22 | $783.12 |
General Electric Stock Price Forecast 2032
Our analysts project a growth of approximately 13% for 2032. GE Digital’s industrial solutions are expected to become increasingly sophisticated, offering unprecedented levels of efficiency and predictive capabilities. The company’s industrial software could become a standard across various sectors, potentially improving GE’s market share and analyst ratings.
GE Healthcare will likely continue to innovate in areas such as gene therapy and personalized treatment plans. The division’s diagnostic equipment might see increased demand due to advancements in early disease detection, positively affecting GE’s earnings per share and revenue growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $541.61 | $572.03 | $915.25 |
General Electric Stock Price Forecast 2033
The stock forecasts a growth rate of about 14% in 2033. GE Aerospace is expected to benefit from the increasing commercialization of space travel. The company’s advanced propulsion systems and avionics could play a crucial role in this emerging market, potentially improving its market capitalization and price-to-earnings ratio.
We anticipate that GE Vernova’s power generation equipment might see increased demand as countries invest in upgrading their energy infrastructure. The company’s energy storage solutions could become increasingly important in managing renewable energy integration, boosting GE’s sector performance and industry trend indicators.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $617.44 | $652.11 | $1,076.00 |
General Electric Stock Price Forecast 2034
For 2034, our analysts project a growth of approximately 15%. GE Additive is expected to revolutionize industrial production across various sectors. The company’s advancements in materials science could open up new possibilities in aerospace and healthcare applications, potentially improving GE’s market share and patent portfolio value.
GE Healthcare will likely make significant strides in robotic surgery and AI-assisted medical procedures. The division’s patient monitoring systems might become increasingly sophisticated, offering real-time, predictive health insights, which could positively affect GE’s earnings per share and analyst ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $710.06 | $749.93 | $1,274.88 |
General Electric Stock Price Forecast 2035
The stock predicts a growth rate of about 13% in 2035. GE Renewable Energy is expected to benefit from breakthroughs in energy storage technologies. The company’s grid solutions could play a crucial role in managing the increasing complexity of power distribution systems, potentially improving its sector performance and industry trend indicators.
We anticipate that GE Aerospace might see growth from advancements in hypersonic travel technologies. The company’s expertise in high-temperature materials and propulsion systems could give it a competitive edge in this emerging market, boosting its market capitalization and price-to-earnings ratio. While in a different industry, the Sirius XM stock prediction also considers technological advancements in its long-term forecast.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $802.37 | $847.42 | $1,482.98 |
General Electric Stock Price Forecast 2036
Our analysts project a growth of approximately 14% for 2036. GE Digital’s industrial solutions are expected to incorporate advanced quantum computing capabilities, offering unprecedented optimization and simulation capabilities. The company’s industrial software could become essential for managing complex, interconnected systems, potentially improving its market share and revenue growth.
GE Healthcare will likely make significant advancements in regenerative medicine and bioengineering. The division’s diagnostic equipment might incorporate nanotechnology for more precise and less invasive procedures, positively affecting GE’s earnings per share and analyst ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $914.70 | $966.06 | $1,741.91 |
General Electric Stock Price Forecast 2037
The stock forecasts a growth rate of about 15% in 2037. GE Aerospace is expected to benefit from increasing demand for electric and hybrid-electric aircraft. The company’s advancements in lightweight materials and energy-efficient propulsion systems could drive this growth, potentially improving its market capitalization and price-to-earnings ratio.
We anticipate that GE Vernova’s power generation equipment might see increased adoption of fusion energy technologies. The company’s expertise in high-temperature superconductors could play a crucial role in making fusion power commercially viable, boosting GE’s sector performance and industry trend indicators.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $1,051.91 | $1,110.97 | $2,055.30 |
General Electric Stock Price Forecast 2038
Our analysts project a growth of approximately 13% for 2038. GE Renewable Energy is expected to benefit from advancements in next-generation solar technologies. The company’s innovations in perovskite solar cells could significantly increase energy conversion efficiency, potentially improving its market share and revenue growth.
GE Healthcare will likely continue to innovate in the field of personalized medicine, potentially offering tailored treatment plans based on individual genetic profiles. The division’s AI-driven diagnostic tools might become standard in healthcare facilities worldwide, positively affecting GE’s earnings per share and analyst ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $1,188.66 | $1,255.40 | $2,399.82 |
General Electric Stock Price Forecast 2039
The stock predicts a growth rate of about 14% in 2039. GE Digital’s industrial solutions are expected to incorporate advanced AI and machine learning capabilities, potentially offering autonomous decision-making in industrial processes. The company’s cybersecurity solutions could become increasingly sophisticated to counter evolving threats, improving its market capitalization and price-to-earnings ratio.
We anticipate that GE Aerospace might benefit from advancements in supersonic and hypersonic commercial travel. The company’s expertise in advanced materials and propulsion systems could position it as a leader in this emerging market, boosting its sector performance and industry trend indicators.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1,355.07 | $1,431.16 | $2,814.07 |
General Electric Stock Price Forecast 2040
Our analysts project a growth of approximately 15% for 2040. GE Renewable Energy is expected to make significant strides in ocean energy technologies. The company’s innovations in tidal and wave energy systems could open up new markets and revenue streams, potentially improving its market share and revenue growth.
GE Healthcare will likely continue to advance in the field of nanomedicine, potentially offering groundbreaking treatments for previously incurable diseases. The division’s medical imaging systems might incorporate holographic displays for more intuitive diagnostics, positively affecting GE’s earnings per share and analyst ratings. In the consumer goods sector, the Hershey stock forecast similarly considers long-term innovations and market trends in its projections.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,558.33 | $1,645.83 | $3,326.58 |
General Electric Stock Price Forecast 2050
Looking ahead to 2050, the stock projects GE’s price to reach $6,500. This long-term forecast considers the company’s potential for continued innovation across its core sectors.
GE Aerospace might be at the forefront of commercial space travel and advanced propulsion technologies. In healthcare, the company could be leading in areas such as organ printing and AI-driven personalized medicine. GE Vernova’s energy solutions might include fusion power and advanced grid management systems for a fully renewable energy infrastructure.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $5,850.00 | $6,500.00 | $8,450.00 |
Conclusion
Our analysis of General Electric Company’s stock price forecast from 2024 to 2050 reveals a pattern of consistent and substantial growth. We project the stock to reach $6,500 by 2050, representing a remarkable increase of over 3,500% over 26 years.
FAQs
1. What is the future of General Electric share price?
Based on our analysis, General Electric’s share price is projected to experience steady growth over the coming decades. Starting from $183.89 in 2024, we forecast the stock to reach $6,500 by 2050. This represents a significant increase of over 3,500% over 26 years. The growth is expected to be driven by GE’s innovations in aerospace, healthcare, renewable energy, and digital industries.
2. Is General Electric a good long-term stock?
General Electric appears to be a promising long-term investment. The company’s strategic focus on key growth sectors such as aerospace, healthcare, and renewable energy positions it well for future market trends. GE’s commitment to innovation and technological advancement in these areas suggests potential for sustained growth. The company’s ability to adapt to changing market demands and its strong presence in essential industries contribute to its attractiveness as a long-term investment.
3. What is the General Electric 10 year outlook?
Over the next 10 years, General Electric’s outlook appears positive. Our projections indicate steady growth, with the stock price potentially reaching around $1,431 by 2039. This growth is expected to be fueled by advancements in GE’s core businesses. In aerospace, developments in electric and hybrid propulsion systems could drive innovation. The healthcare division is likely to see progress in AI-driven diagnostics and personalized medicine. In the energy sector, GE’s renewable technologies and grid solutions are expected to gain increased market share.
4. Is General Electric a buy, hold, or sell?
Based on our analysis of GE’s market position and future prospects, General Electric could be considered a “buy” or “hold” for long-term investors. The company’s strong presence in key sectors like aerospace, healthcare, and renewable energy positions it well for future growth. GE’s focus on innovation in aircraft engines, medical imaging systems, and power generation equipment suggests potential for increased market share.
5. Who are the major competitors of General Electric?
The major competitors of General Electric Company (NYSE: GE) include:
- Siemens AG (SIEGY): Siemens is a German multinational conglomerate focusing on electrification, automation, and digitalization in industries. They provide innovative solutions for various sectors, including energy, healthcare, and transportation.
- Honeywell International Inc. (HON): Honeywell is a diversified technology and manufacturing company. It operates in aerospace, building technologies, performance materials, and safety solutions, offering advanced solutions that improve efficiency and safety in various industries.
- United Technologies Corporation (now part of Raytheon Technologies) (RTX): United Technologies merged with Raytheon to form Raytheon Technologies, a leader in aerospace and defense. It provides advanced systems and services for commercial and military applications, enhancing air travel safety and efficiency.
- Rockwell Automation, Inc. (ROK): Rockwell Automation specializes in industrial automation and information technology. The company focuses on helping manufacturers optimize productivity through innovative software and control solutions that enhance operational efficiency.
- ABB Ltd (ABB): ABB is a Swiss-Swedish multinational corporation that provides electrification products, robotics, and automation technology. It serves utilities, industries, and transport sectors, driving efficiency and sustainability in energy use.
- Mitsubishi Electric Corporation (MIELY): Mitsubishi Electric is a Japanese multinational company that manufactures a wide range of electrical and electronic equipment. It provides solutions in energy, industrial automation, and transportation, focusing on innovation and sustainability.
- Schneider Electric SE (SBGSF): Schneider Electric specializes in energy management and automation solutions. The company offers integrated solutions across various sectors, enhancing efficiency, reliability, and sustainability in energy consumption and industrial processes.
- Emerson Electric Co. (EMR): Emerson is a global technology and engineering company that provides automation solutions, including process control and industrial software. It focuses on improving efficiency and safety in industries like oil, gas, and food processing.
- Baker Hughes Company (BKR): Baker Hughes is an energy technology company that provides solutions for the oil and gas industry. It focuses on enhancing productivity, safety, and sustainability through innovative technologies and services across various energy sectors.
- Johnson Controls International plc (JCI): Johnson Controls specializes in building technologies and energy solutions. The company focuses on optimizing building performance, enhancing comfort, and improving energy efficiency for commercial and industrial clients globally.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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