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Jun 03, 2019
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General Electric’s (GE, $9.46) Belfort plant set for layoff but not a close down

General Electric’s (GE, $9.46) Belfort plant set for layoff but not a close down

American multinational conglomerate, General Electric’s French head Hugh Bailey in a media interview published on Sunday in France’s Journal Du Dimanche announced that the company is planning to cut jobs in the range of thousands at its eastern France factory but would not close the factory down.

According to the company, the site would continue to remain GE Power’s number one industrial site in Europe, but it would look to explore alternative options for the plant as Belfort's sales of gas turbines halved between 2017 and 2018 as the group struggled to remain competitive.

Currently, the Belfort plant handles gas, steam, nuclear and hydro technology but the company is looking into different alternatives like building aeronautical parts. Further this move, according to the company, is aimed at making its operations more resourceful in France in response to a dwindling market for power plants.

French industrial group, Alstom, was Belfort’s biggest employer until 2014, but then it sold off its gas turbine business to GE. While GE needed backing from the French government for winning the deal had promised to create 1,000 of jobs at the plant.

But now with the gas turbine power plant market collapsing, the company failed its promise and in February GE agreed to pay 50 million euros ($56 million) into a reindustrialization fund for falling short of the target.

This news prompted France’s Economy Minister Bruno Le Maire to say he would fight to save jobs at the site as negotiations kicked off with unions.

Related Ticker: GE

GE in upward trend: price rose above 50-day moving average on November 03, 2026

GE moved above its 50-day moving average on November 03, 2026 date and that indicates a change from a downward trend to an upward trend. In 25 of 33 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 76%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GE's RSI Indicator exited the oversold zone, 14 of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.

The Momentum Indicator moved above the 0 level on November 02, 2026. You may want to consider a long position or call options on GE as a result. In 56 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.

The Moving Average Convergence Divergence (MACD) for GE just turned positive on October 29, 2026. Looking at past instances where GE's MACD turned positive, the stock continued to rise in 37 of 50 cases over the following month. The odds of a continued upward trend are 74%.

Following a +4.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where GE advanced for three days, in 264 of 373 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.

GE broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for GE entered a downward trend on November 03, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is 10 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock better than average.

The Tickeron SMR rating for this company is 21 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is 55 (best 1 - 100 worst), indicating steady price growth. GE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is 59 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of 88 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: GE's P/B Ratio (19.378) is slightly higher than the industry average of (5.045). P/E Ratio (38.577) is within average values for comparable stocks, (17.993). Projected Growth (PEG Ratio) (4.046) is also within normal values, averaging (3.110). Dividend Yield (0.006) settles around the average of (0.058) among similar stocks. P/S Ratio (6.523) is also within normal values, averaging (18.367).

Notable companies

The most notable companies in this group are GE Aerospace (NYSE:GE), Boeing Company (NYSE:BA), Lockheed Martin Corp (NYSE:LMT), Northrop Grumman Corp (NYSE:NOC), Virgin Galactic Holdings (NYSE:SPCE).

Industry description

Aerospace & Defense is one of largest industries in the U.S., mainly comprising the following areas: commercial airliners, military aircraft, missiles, space, and general aviation. Focused heavily on research & development, it is also one of the fastest growing industries. Military aircraft has the largest market share in the industry’s sales, followed by space systems, civil aircraft, and missiles. Aerospace exports, directly and indirectly, support more jobs than the export of any other commodity, according to a study by the U.S. Department of Commerce. Boeing Company, Lockheed Martin Corporation and General Electric Company are some of the most prominent players in this space.

Market Cap

The average market capitalization across the Aerospace & Defense Industry is 37.79B. The market cap for tickers in the group ranges from 4.49 to 1.79T. SPCX holds the highest valuation in this group at 1.79T. The lowest valued company is BDRPF at 4.49.

High and low price notable news

The average weekly price growth across all stocks in the Aerospace & Defense Industry was -13%. For the same Industry, the average monthly price growth was -17%, and the average quarterly price growth was -24%. BETA experienced the highest price growth at 27%, while SAIQ experienced the biggest fall at -39%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was 24%. For the same stocks of the Industry, the average monthly volume growth was 0% and the average quarterly volume growth was -39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 54
Price Growth Rating: 64
SMR Rating: 78
Profit Risk Rating: 78
Seasonality Score: -9 (-100 ... +100)
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published General Information

General Information

a manufacturer of products for the generation, transmission, distribution, control and utilization of electricity; manufactures aircraft engines and medical equipment

Industry AerospaceDefense

Industry
Industrial Conglomerates
Address
1 Neumann Way
Phone
+1 513 243-2000
Employees
57000
Web
https://www.geaerospace.com
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