GE, a 125-year-old industrial powerhouse, is nearing a multiyear recovery plan to turn it into an aerospace-focused corporation.

The stock has recently hit 52-week highs due to management’s focus on cash flow, cleaning up the balance sheet, selling off assets, and paying down debt.

The stock is up 100% year-to-date and 72% since 2023.

GE CEO Larry Culp announced that the company has surpassed its full-year 2022 earnings and has boosted its full-year expectations.

GE has reduced debt by almost $100 billion through restructuring and asset sales, including selling its historic lighting business.

Culp outlined a Wall Street-speculated plan to break GE into three entities focusing on aviation, healthcare, and energy in November 2021.

GE HealthCare was spun off and listed on Nasdaq in January 2023, while GE Vernova, its renewable energy and power unit, will spin off in Q1 2024.

After the spinoff, aerospace revenue surged 28%, orders rose 37%, and profit rose over 30%.

Business school case studies will start anew after the reorganization.

The market recognizes the story and is already giving GE full credit for the benefits.