General Electric (GE) Stock

General Electric, also known as GE Aerospace, has agreed to pay $362.5 million in cash to settle a lengthy lawsuit from shareholders. The lawsuit claimed that the company concealed risks related to its power division, according to court documents.

GE Vernova, which separated from General Electric in April 2024, focuses on products and services for the electric power industry and has seen impressive growth in revenue and orders. The increasing demand for electrification and decarbonization, as well as the growing power needs of data centers, offer great opportunities for GEV's energy solutions. Additionally, their strong service offerings, making up 45% of total revenue, contribute to steady income and improved profit margins, especially in the Power and Electrification areas.

In its Q3 earnings report, GE Aerospace reported good results, with a 28% increase in orders and an adjusted earnings per share of $1.15, even though revenue did not meet expectations. The company is dealing with supply chain issues and challenges from important projects like the GE9X and CFM LEAP engines, but they are taking steps to manage these problems. GE Aerospace also has a solid backlog of commercial orders and long-term service agreements, suggesting strong future value and opportunities for better profits.

Earlier this week, IQ-AI Ltd (LSE:IQAI, OTCQB:IQAIF) revealed that its subsidiary, Imaging Biometrics, has strengthened its partnership with GE Healthcare. This new agreement will make it easier to distribute the IB Neuro and IB Delta T1 platforms, which help in evaluating and treating brain tumors.

Wells Fargo analyst Michael Blum has started coverage with a Buy rating and set a price target of $385, which is the second highest on FactSet.

In recent years, GE Aviation (GE) and Rolls-Royce (RR) stocks have performed strongly, thanks to a positive business climate and effective management strategies. Over the past year, GE's shares have increased by 48%, while Rolls-Royce's shares have risen by more than 124%.

Imaging Biometrics (IB), a part of IQ-AI Ltd, has expanded its collaboration with GE HealthCare to make its advanced imaging technology more accessible. With this updated agreement, GE HealthCare will provide IB's IB Neuro and IB Delta T1 platforms to both current and new clients.

Should you buy, sell, or hold GE Aerospace stock?

New LiDAR technology is enhancing the study of contrails, offering valuable information for creating better aircraft engines. The aviation industry is working together to learn more about contrail science in order to lower emissions. GE Aerospace and NASA are conducting special flight tests to improve understanding of contrails, which are ice particle clouds formed when planes fly in cold, humid conditions.