Daily Stock Analysis – GE has strong cash flow, but will the winter storms affect renewables?

The Retirement Learning Lab

GE was once one of the largest companies in the world. They have lost about two-thirds of their value since 2015. But their turnaround is looking good. They have a strong cash flow. They are also one of the largest manufactures of wind turbines used in the State of Texas. How will the recent winter storms affect their future? That is what I am talking about today on the Daily Stock Analysis.

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Not an official GE video. For educational purposes only. Not an offer to buy or sell any stock or an offer of advice.

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References from today's show:

Thanks to Macroaxis for the chart on GE's capitalization: https://www.macroaxis.com/invest/financial-statements/GE/Market-Capitalization

Department of Energy Order No. 202-21-1 https://www.energy.gov/sites/prod/files/2021/02/f82/DOE%20202(c)%20Emergency%20Order%20-%20ERCOT%2002.14.2021.pdf

'Winners and losers': Who will end up footing bill for spiking electricity prices in Texas?

https://www.bizjournals.com/dallas/news/2021/02/17/ercot-electricity-prices-retailers-consumers.html

GE 2020 Annual Report https://www.ge.com/sites/default/files/GE_AR20_AnnualReport.pdf

Texas Blackout Boosts Australian Bank by Up to $215 Million https://www.wsj.com/articles/texas-blackout-boosts-australian-bank-by-up-to-215-million-11613997617?st=q92l187grj7li5f&reflink=article_email_share

For more information on Morningstar, visit Morningstar.com (Morningstar is not a sponsor)

GE Stock Can Hit $15, Says Goldman. It's the Highest Call on Wall Street. https://www.barrons.com/articles/ge-stock-can-hit-15-says-goldman-its-the-highest-call-on-wall-street-51614009185?adobe_mc=MCMID%3D71205814629448003322333981478554029426%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1614057901&adobe_mc=MCMID%3D71205814629448003322333981478554029426%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1614112780