Shares of General Electric Corporation (GE) stock fell to $6.73 and fell to $5.73 at one point this week. This is the lowest level since 1991. The GE board has also decided to reduce the latest dividend to 10 cents from 31 cents. GE manufactures wind turbines and the Advanced Boiling Water Reactor (ABWR) nuclear power plant, which is certified by the Nuclear Regulatory Commission (NRC). If GE is delisted from the New York Stock Exchange, which would happen if the stock price falls below one dollar, it would put the company in danger of becoming insolvent. Such a prospect would be a real blow to future wind and nuclear power projects. (WSJ, WSJ, 3/4/09)
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