In the past 50 years, GE designed and supplied nine generations of boiling water reactor technology. In fact, GE has designed around 75 of the 92 boiling water reactors operating worldwide. The company designs and supplies nuclear reactors through its partnership interest in GE-Hitachi Nuclear Energy and other related companies.
GE's other subsidiaries supply products and services including steam turbines, sensors, water treatment services to the nuclear power business.For fourth quarter of 2010, earnings increased to $3.9 billion, up 33% compared to the same quarter in 2009. Net revenue improved to $41.4 billion for the quarter on the back of robust performance delivered from its industrial and infrastructure subsidiaries. Based on consensus estimates, the stock is expected to deliver 16% in a year's time, and is currently trading at 14.8 times its estimated 2011 earnings.