GE Vernova LLC

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

GE Vernova reports robust Q2 results, raises 2024 guidance

GE Vernova's Q2 2024 Earnings Call showcased strong financial performance, highlighted by growth in Power segment orders and improved margins. Despite challenges in the Wind segment, the company remains focused on safety and quality while pursuing growth opportunities.

GE Vernova reports robust Q3 performance, eyes sustained growth

GE Vernova's Q3 2024 earnings call highlighted strong performance in Power and Electrification segments, with double-digit growth in orders and revenue.
The company reaffirmed its full-year guidance, emphasizing solid results, substantial free cash flow generation, and a commitment to sustainability and innovation.
Despite challenges in offshore wind, GE Vernova remains focused on maintaining financial strength, driving growth, and delivering long-term value for stakeholders.

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GE Vernova, Inc. is a electric power industry. Its products and services generate, transfer, orchestrate, convert, and store electricity. The firm operates through the following segments: Power, Wind and Electrification. The Power segment includes design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. The Wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. The Electrification segment includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. The Company was founded November 09, 2021 and is headquartered in Cambridge, Massachusetts.

Investors interested in GEV should wait for a better entry point, considering its premium valuation. Yet, those who already have it in their portfolio may continue to do so.

GE Vernova Set to Supply Turbines for Australian Wind Farm: Buy Now?

GE Vernova (GEV) stock price has gone vertical, soaring to a record high of $265. It has jumped by over 135% from its lowest point on record, bringing its market cap to over $72 billion, making it one of the top players in energy.

GE Vernova stock is firing on all cylinders: analysts see an 8% retreat

On September 30, 2024, Vanguard Group Inc, a prominent investment firm, expanded its portfolio by acquiring an additional 601,784 shares of GE Vernova Inc (GEV, Financial), a leader in the electric power industry. This transaction increased Vanguard's total holdings in GE Vernova to 27,499,067 shares, reflecting a significant commitment to the company.

Vanguard Group Inc's Strategic Acquisition in GE Vernova Inc

General Electric

Raymond James analyst downgraded shares of GE Vernova to Hold from Buy, and removed his $190 price target.

GE Vernova Stock Is Slipping. A Bull Has Left the ‘Crowded Trade.

In the latest trading session, GE Vernova (GEV) closed at $256.53, marking a +0.61% move from the previous day.

GE Vernova (GEV) Rises As Market Takes a Dip: Key Facts

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On Tuesday, CNBC's Jim Cramer told investors to remember the market's solid performance over the past quarter, suggesting things have broadened considerably beyond Big Tech. He reviewed the top performers on the S&P 500 over the past three months, including Kellanova, GE Vernova and Palantir.

Cramer reviews the S&P 500's top ten performers during the third quarter

GE Vernova GEV is a relatively new stock that has nearly doubled its value since it started trading in March. The stalwart American firm General Electric GE spun it off, and it is now a $70 billion industrial company.

Get in on GE Vernova: Bank of America and Jefferies Are Bullish

Enefit Green has reached a settlement with GE Vernova concerning the incident during construction of the Akmene wind farm, resulting in the collapse of a wind turbine.

Enefit Green and GE Vernova reach settlement regarding Akmene wind farm incident

GE Vernova Inc. GEV shares are trading lower on Thursday. Truist Securities analyst Jordan Levy initiated coverage on the company with a Buy Rating and a price target of $300.

GE Vernova Set For $2.5B Free Cash Flow By 2026 Amid Energy Transition Boom, Bullish Analyst Says

In the most recent trading session, GE Vernova (GEV) closed at $255.48, indicating a +1.57% shift from the previous trading day.

GE Vernova (GEV) Outperforms Broader Market: What You Need to Know

While investors are focused on technology stocks reaping from the booming artificial intelligence (AI) sector, a market strategist has identified an outsider equity likely to benefit from the AI wave.

Opportunity: Non-tech stock to hugely benefit from the AI boom

GE Vernova shares picked up another Buy rating on Tuesday. That's a positive for shares.

GE Vernova Stock Looks Unstoppable. A Dividend Could Be Coming.

GE Vernova (NYSE: GEV) stock price has done well as an independently traded company. It has surged for three consecutive weeks, reaching a record high of $254, which is about 122% above the lowest point this year.

GE Vernova stock soared to a record high: brace for a pullback

Analysts think the General Electric spinoff has more room to run.

GE Vernova Is Up 22% This Month, But Analysts Still See Upside

Energy equipment maker GE Vernova said on Thursday it planned to slash the size of its struggling offshore wind business, a move that could cut 900 jobs around the world.

GE Vernova plans 'leaner' offshore wind unit, will cut hundreds of jobs

GE Vernova (GEV) shares will likely remain on watchlists Wednesday after jumping more than 3% yesterday to set a new record high following favorable coverage from leading investment banks.

Watch These GE Vernova Price Levels as Stock Trading Near Record High

GE Vernova (GEV) stock rose for the seventh consecutive session Tuesday as analysts at Barclays said the company is a "likely benefactor" of increasing demand for electricity in the U.S. and worldwide.

Why GE Vernova Stock Is Rallying for a Seventh Straight Session Tuesday

GE Vernova Inc. GEV shares are trading higher after BofA Securities analyst Andrew Obin upgraded the stock from Neutral to Buy and raised its price target from $200 to $300.

GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

GE Vernova To Rally Over 30%? Here Are 10 Top Analyst Forecasts For Tuesday

Barclays analyst Julian Mitchell is bullish on GE Vernova because of the company's exposure to booming demand for power-generation and electricity-transmission technologies.

More Reasons to Buy GE Vernova Stock, Says Barclays

GE Vernova (GEV) closed at a record high Thursday after the recent General Electric spin-off reaffirmed its full-year financial guidance.

Why GE Vernova Stock Jumped to a Record High on Thursday

GE Vernova's stock pulled an intraday U-turn to trade at fresh highs on Thursday, after the renewable-energy company trimmed its outlook for third-quarter profitability but affirmed its full-year outlook.

GE Vernova's stock reverses toward new highs after an update on profitability

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Evercore analyst James West sees opportunities in companies working to address some of the issues facing the electrical industry, including the extreme stress on the power grid.

GE Vernova and 4 Other Stocks to Play the Surge in Electricity Demand

Shares of energy business GE Vernova LLC NYSE: GEV surged to all-time highs at the end of August, the first time the firm's stock ascended to $200 per share since it was spun off from parent company General Electric Co. NYSE: GE several months prior. The recent uptick in share price may be most closely linked to a massive increase in global power demand thanks to economic growth, the proliferation of new technologies making use of sizable quantities of electric power, and summer heatwaves.

GE Vernova's Rally Could Continue as Wind Business Gains Ground

GE Vernova (GEV) concluded the recent trading session at $198.44, signifying a -0.6% move from its prior day's close.

News for GE Vernova LLC Stock (GEV)