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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GE Aerospace | NYSE:GE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 3.01 | 1.88% | 162.71 | 162.825 | 159.4205 | 161.39 | 5,030,409 | 01:00:00 |
From May 2023 to May 2024
By Will Feuer
GE Vernova, which comprises the portfolio of General Electric's energy businesses, said it will invest $50 million in its Schenectady, N.Y., facility to establish a new manufacturing assembly line for its onshore wind business.
The company said it will also hire about 200 new, full-time employees for the new assembly line. The site will assemble three key components for GE Vernova's 6.1 MW turbine.
The company said the passage of the Inflation Reduction Act has helped stoke demand for renewable energy and revitalize the market.
"We're proud to expand our American manufacturing footprint and workforce," said Scott Strazik, CEO of GE Vernova.
GE is preparing to spin off GE Vernova into a separate company next year.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
May 23, 2023 12:25 ET (16:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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