General Electric Just Signaled the Worst May Be Over for Its Power Segment
It's not often that analysts and investors walk away from an industrial conference thinking of General Electric's (NYSE: GE) outlook as one of the highlights, but that's exactly what attendees were probably thinking after hearing CEO Larry Culp's presentation at the Morgan Stanley Laguna conference. Culp had some long-awaited good news regarding GE's beleaguered power segment. Let's take a look at what he said and what it means to investors.
It wasn't accompanied by a lot of fanfare, and Culp delivered the news in his usual calm manner, but if you listened carefully you would have heard him say that it "appears we may see a market somewhat north of 25 to 30 gigawatts" for the year and "perhaps a little bit" of a tailwind going into the next couple of years.
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Source Fool.com
