/cmdtyView%20Stock%20Photo%201.png)
In late 2021, U.S.-based industrial giant General Electric (GE) said it would split into three companies, focusing separately its aviation, energy, and healthcare businesses. The healthcare unit, GE Healthcare (GEHC), was spun off in December 2022, while the energy unit - GE Vernova - will make its split from GE Aerospace this April.
By restructuring into three global public companies, GE aims to enhance shareholder value by tailoring capital allocation and driving long-term growth for the companies. Since the end of 2021, GE stock has returned more than 160% to shareholders, as investors are optimistic about the company’s turnaround efforts. Let’s see if GE stock is a buy ahead of the upcoming spin-off.