Does GE’s (GE) Silicon Carbide Collaboration Signal a Turning Point for Its Power Device Ambitions?

• On August 20, 2025, Axcelis Technologies announced a joint development program with GE Aerospace to advance production-worthy 6.5 to 10kV silicon carbide superjunction power devices using Axcelis’ Purion XEmax™ high energy implanter.
• This collaboration targets the development of next-generation wide bandgap semiconductors, which are increasingly vital for future aerospace, defense, and critical commercial technologies like AI and electric propulsion.
• We’ll examine how GE Aerospace’s push into advanced silicon carbide power devices may influence its longer-term growth outlook.

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General Electric Investment Narrative Recap

To be a GE shareholder today requires confidence in the company’s ability to lead in next-generation aerospace technologies, while also weathering cycles in commercial aviation demand. The recent Axcelis partnership expands GE Aerospace’s reach in advanced power devices but does not materially shift the near-term focus, which remains on ramping up key engine programs and managing cyclical and supply chain risks associated with heavy exposure to commercial aviation.

The Cathay Pacific order for 35 GE9X engines, announced earlier this month, is closely tied to the company’s current growth catalyst: capturing airline demand for fuel-efficient propulsion systems. This aligns with the strategic priority to expand shop visit volumes and grow the installed engine base, underpinning recurring service revenues as airlines update or expand their fleets.

Yet, it’s important to remember that, in contrast, GE’s tighter focus on aerospace after its recent divestitures leaves it more exposed if ...

Read the full narrative on General Electric (it's free!)

General Electric's narrative projects $50.8 billion revenue and $9.4 billion earnings by 2028. This requires 6.9% yearly revenue growth and a $1.8 billion earnings increase from $7.6 billion today.

Uncover how General Electric's forecasts yield a $297.93 fair value, a 8% upside to its current price.

Exploring Other Perspectives

Fair value estimates from 14 Simply Wall St Community members span US$160.42 to US$340.29, showing more than US$175 in range. Many are watching whether GE’s execution in next-generation propulsion and power technologies can offset supply chain and end-market volatility; explore several viewpoints to see what you might have missed.

Explore 14 other fair value estimates on General Electric - why the stock might be worth as much as 23% more than the current price!

Build Your Own General Electric Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your General Electric research is our analysis highlighting 2 key rewards that could impact your investment decision.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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