GE (NYSE:GE) announced its plans to open a new factory for appliances in Louisville, Kentucky.Along with a new factory opening, the company revealed its new line of refrigerators, which GE hopes to launch by 2014.General Electric (NYSE:GE) has potential upside of 9.2% based on a current price of $20.1 and an average consensus analyst price target of $21.94.General Electric is currently above its 50-day moving average (MA) of $19.09 and above its 200-day of $17.39.