General Electric Company (GE) Stock Is Going From Bad to Worse
) confirmed this week that it has had a major failure in one of its turbines at the Colorado Bend power plant. While GE is downplaying the impact of the issue, GE investors and analysts are losing patience with the struggling stock. J.P. Morgan analyst Stephen Tusa says it's unclear just how big of a deal the failure is at this point. Regardless, Tusa says can't afford more blows to its battered reputation, and the failure will negatively impact its power segment business in the near term. says the failure was an "oxidation issue," and the ...
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