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GE Pulls the Plug on Coal Energy Crops. What It Means for the Inventory. – Barron’s

GE Pulls the Plug on Coal Energy Crops. What It Means for the Inventory. – Barron’s

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https://www.barrons.com/articles/ge-pulls-plug-on-a-shrinking-business-building-coal-power-plants-51600706184


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Normal Electricsaid it gained’t construct coal-fired energy vegetation any longer, an indication that the ability market is shifting away from fossil-fuel technology and a sign that GE continues to rework itself below new CEO Larry Culp.

The steam portion of GE’s (ticker: GE) energy division makes and companies vegetation that burn coal to generate electrical energy. It’s a shrinking enterprise.

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