General Electric Forecasts $1bn Solar Sales

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tdp2664 E money daily General Electric (NYSE:GE)’s CEO has forecat its solar panel sales to exceed $1 billion by 2020. General Electric Forecasts $1bn Solar Sales The chief executive officer of the US conglomerate General Electric (NYSE: GE) Jeff Immelt said that he expects that his company will exceed $1 billion target in solar panel sales by 2020. The company will increase its investment in the solar panel businesses to take advantage of the growing market. Jeff Immelt said, "I know that by 2020 this is going to be at least a $1 billion product line. We are going to invest what it takes. We did this with no government funding". General Electric Co. (NYSE:GE) shares were at 16.67 at the end of the last day’s trading. There’s been a -7.0% movement in the stock price over the past 3 months. General Electric Co. (NYSE:GE) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.75 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.83 Zack’s Rank: 3 out of 26 in the industry