In this article The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019 The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019 Alwyn Scott | Reuters General Electric forecast a lower-than-expected 2023 adjusted profit on Tuesday, as the industrial major struggles with persistent problems at its money-losing renewable energy business. Shares in GE were down 2% at $78.29 in premarket trade after the company forecast an operating loss between $200 million and $600 million for its energy business GE Vernova in 2023. related investing news In a water-scarce world, the Xylem-Evoqua deal makes sense. Why some think it’s too expensive Christina Cheddar Berk 18 hours ago The company’s renewable energy business has been facing challenges due to inflation and supply chain pressures. The unit reported a loss of $2.2 billion in 2022. While GE is aiming to make its renewable business profitable next year, Chief Executive Larry Culp has described its onshore wind unit as “the battleground” for the company. The company is reducing global headcount at the onshore wind unit by about 20% as part of a […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
