GE Aerospace Stock Rises After Hybrid-Electric Flight Breaks 30,000-Foot Barrier

Product / Tech
โดย Yahoo Finance·Read original
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GE Aerospace shares climbed Monday after the company announced a breakthrough in hybrid-electric aviation, demonstrating the first flight of its kind above 30,000 feet in collaboration with NASA, BETA Technologies, and Boeing. The longest hybrid-electric segment during the campaign lasted more than two hours, using GE Aerospace's megawatt-class, multi-kilovolt propulsion system developed through NASA's Electrified Powertrain Flight Demonstration project. The system combined a conventional CT7 engine with electric motor-generators, power converters, batteries, and other flight components, with BETA Technologies serving as systems integrator, Boeing subsidiary Aurora Flight Sciences supplying the nacelle, and BAE Systems providing the batteries. GE Aerospace said the electric powertrain powered the propeller and recharged the battery in flight, improving climb performance and high-altitude capability. The stock traded at $354, about 2.7% below its 20-day simple moving average of $362.87 but above its 50-day SMA of $333.68, with a golden cross in June supporting a bullish longer-term trend. Analysts rate the stock a Buy with an average price target of $388.36, and recent actions include RBC Capital maintaining an Outperform rating with a $400 target and UBS raising its target to $435.

Impact on stocks 6

Defense & Geopolitical Fragmentation · 2 stocks
Financials · 2 stocks
Aerospace & Aviation · 1 stocks
GE Aerospace
GE
▲ PositiveTechnologyrelevance

GE Aerospace announced a hybrid-electric flight breakthrough above 30,000 feet, demonstrating its megawatt-class propulsion system.

Advanced Air Mobility (eVTOL) · 1 stocks

Theme Impact 5

Off-coverage companies 1

Aurora Flight SciencesPrivate± Mixed
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