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Summary: General Electric split into three separate, publicly traded companies, GE HealthCare (NASDAQ: GEHC), GE Vernova (NYSE: GEV), and GE Aerospace (NYSE: GE). A convenient way to buy General Electric stock, any of the mentioned three, is through a reputable brokerage platform like eToro.
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About General Electric
General Electric was a multinational conglomerate that split into three separate, publicly traded companies. The first spin-off was GE Healthcare, which became a standalone company trading under the ticker GEHC in January 2023. The second spin-off, GE Vernova, comprising GE’s energy businesses, began trading under the ticker GEV in April 2024. The third company, GE Aerospace, retained the original GE ticker and focuses on aviation technology, including airplane engines.
General Electric IPO
General Electric went public in 1896, making it one of the oldest publicly traded companies in the United States. The IPO marked the beginning of GE’s presence on the stock market, allowing individuals to buy shares and become part owners of the company.
How to buy General Electric stock: Step-by-step process
Now, let’s walk through the process of buying General Electric stock in a clear and straightforward manner.
Step 1: Choose the right broker
The first step in buying General Electric stock is to choose a reliable and user-friendly brokerage platform. For those unaware, a brokerage acts as an intermediary that facilitates the buying and selling of stocks on the stock market.
In this case, our go-to online broker for buying General Electric stock is eToro, a popular platform with more than 30 million registered accounts worldwide. But besides its vast user base, eToro is our chosen broker due to these features:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Step 2: Fund your account
Once you’ve selected a broker, the next step is to fund your trading account. This involves depositing money into the account that you’ll use to purchase General Electric stock. Most brokers offer various funding options, such as bank transfers, credit/debit cards, and electronic wallets.
Step 3: Place your order
With your account funded, you can now place your order for General Electric stock. This involves specifying the number of shares you want to purchase and whether you want to place a market order (buy at the current market price) or a limit order (set a specific price at which you want to buy).
General Electric stock price today
Pros and cons of buying General Electric stock
Pros
- Renewable energy focus: Positioned to benefit from global green energy trends and policies;
- Technological edge: Strong expertise in wind power, grid solutions, and decarbonization;
- Global opportunities: Large market potential in renewable energy and grid modernization;
- Growth potential: Renewable energy markets and expanding rapidly;
- GE Legacy: Inherits GE’s reputation, infrastructure, and customer base.
Cons
- Financial risks: High capital needs and low margins in wind energy;
- Competitive market: Faces strong rivals like Siemens Gamesa and Vestas:
- Policy dependence: Vulnerable to changes in subsidies and energy policies;
- Supply chain issues: Cost increases and delays could impact operations:
- Market uncertainty: Slow adoption of renewable could hinder growth.
If you’re interested in the best wind power stocks, feel free to check out these guides:
- How to Buy Vestas Wind System Stock;
- How to Buy Dominion Energy Stock;
- How to Buy Northland Power Stock;
Common investing mistakes to avoid when buying stocks
Avoiding common mistakes can significantly impact your success as an investor. Here are some pitfalls to be aware of:
- Impulsive decisions: Emotional decision-making can lead to impulsive actions. Take the time to research and make informed choices;
- Ignoring research: Failing to conduct thorough research on a company can result in uninformed investment decisions. Understand the company’s financial health, industry trends, and potential risks;
- Overlooking fees: Transaction fees and commissions can eat into your returns. Be aware of the costs associated with buying and selling stocks;
- Neglecting diversification: Putting all your money into a single stock, even one as established as General Electric, can be risky. Diversify your portfolio to spread risk across different assets.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy General Electric stock
Can I buy General Electric stock directly from the company?
No, individual investors typically buy and sell stocks through brokerage platforms. You can choose from various online brokers, one of which is eToro, to facilitate the purchase of GE Vernova stock.
What is General Electric’s stock symbol?
GE Venrnova stock is listed on the New York Stock Exchange (NYSE) under the stock symbol GEV.
What is the minimum amount required to buy General Electric stock?
There is no fixed minimum amount to invest in GEV stock. The amount you invest depends on the current share price and the number of shares you wish to purchase. Ensure that your broker’s account minimums are met.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
