VINCENT KESSLER | AFP | Getty Images's power business is still struggling, but the company is sugar coating this in communications with investors, according to a top analyst at J.P. Morgan.
"We see nothing here to change our negative view on Power, more so evidence of a company that appears to manage to headlines rather than on-the-ground fundamentals," Tusa added. His analysis of GE's power business focused on the company reporting 4.5 gigawatts in orders for heavy gas turbines in the first quarter. Tusa said this is well above what competitors reported.don't go reported in units that bridge the gap. "
Here is how Tusa broke down the total reported units sold versus the "actual externally ordered" turbines last quarter.
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