Company Of The Day: General Electric
What?
Last week, General Electric (NYSE:GE) announced that its GE Digital business was acquiring Opus One, a company that develops software for managing distributed power systems such as solar power generation, wind farms, and battery storage.
Why?
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The electricity grid could get more complex as the transition to renewables gathers pace. It’s likely that this will drive demand for sophisticated grid management software tools.
So What?
Although the deal is unlikely to have a meaningful impact on GE’s bottom line in the near term, it could drive high-margin software sales in the long run.
See Our Complete Analysis For General Electric
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| Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
| GE Return | -8% | 769% | 209% |
| S&P 500 Return | 1% | 26% | -100% |
| Trefis MS Portfolio Return | 2% | 47% | 297% |
[1] Month-to-date and year-to-date as of 12/27/2021
[2] Cumulative total returns since 2017