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GE Renewables figures just drifting along, losing money

There is a big debate among investors about whether or not the worst is over for GE. Should it sell off more assets, get into or out of this or that business, and is there more bad news coming? Whatever your position, the renewables market doesn’t seem to be coming to the rescue any time soon. Hiding among GE’s Q1 figures are numbers for GE Renewable Energy, with revenues of $2.4bn, a 1% increase on this time last year. It is not an inspiring growth rate for an industry that is on fire right now. However, its oil and gas figures in its power segment are still going great guns, perhaps suggesting where GEs real heart lies – in keeping…

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