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GE investors pile back in – but are any of its problems over yet?

GE’s Q3 results are in, and US investors seem to have fallen back in love with the stock, with it rising about 9% on the day. This is despite a fairly dramatic fall in its power segment, which is being somewhat offset by rises in renewables, aviation and healthcare. Renewables were up 13% to $4.4 billion on the back of sales mostly of onshore Cypress wind turbine sales and not the later long-term order book of its brand new Haliade-X offshore turbine, which is driving additions to its order book. GE reported orders of $22.5 billion down 5% organically, and revenues of $23.4 billion, just about flat, but a profit margin up from 8.5% to 10% in the quarter, with…

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