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3 Stocks Leading the Alternative Energy Charge

From wind power to electric cars, these firms are paving the way

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General Electric

General Electric GEGeneral Electric (GE) is a pretty diversified company, and one of its many tentacles includes clean energy.

CEO Jeff Immelt has been working hard to shrink GE Capital since the credit crisis of 2008, and has instead been trying to bulk up the industrial side of the business. The biggest segment for industrials: power and water, which includes a bet on wind turbines.

So far, it hasn’t been off to a rocketing start. In the most recent quarter, GE’s earnings from the power and water segment slipped by 17%. Still, General Electric is leading the way in the wind industry, and thus could be poised to cash in longer-term.

GE is one of the largest and most efficient turbine producers. Its 1.5 MW Series is the most widely deployed wind turbine in the world, with more than 16,500 installed globally. And its 2.5 MW Series was selected for two of the largest wind farms in the world.

Plus, global wind power capacity has averaged a growth rate north of 25% during the past five years. If that keeps up, General Electric could be golden.

The company’s 3.3% dividend should keep investors happy as well.

Article printed from InvestorPlace Media,

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