Streetbeat News

GEV

GE Vernova Inc.

https://www.gevernova.com

Industry

Renewable Utilities

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts.

Open

325.10

Mkt cap

91B

Volume

2.9M

High

339.24

P/E Ratio

77.77

52-wk high

349.79

Low

325.10

Div yield

N/A

52-wk low

119.00

GE Vernova has seen its stock double since splitting from GE, driven by increased electric energy demand and a strategic turnaround plan. The company aims to boost EBITDA margins significantly by 2027, with EPS expected to grow over 20% annually. Free cash flow generation and a potential capital return policy announcement could further enhance share value.

Portfolio Pulse from

November 14, 2024 | 10:45 am

GE Vernova and AWS have enhanced their strategic alliance. Investors are advised to wait for a better entry point due to GEV's premium valuation, but current holders may continue to hold.

Portfolio Pulse from

November 13, 2024 | 5:30 pm

The S&P 500 has seen a remarkable performance in 2024, with the S&P 500 ETF (SPY) achieving a 25.31% return YTD. This growth is driven by monetary policy changes, Federal Reserve rate cuts, AI advancements, and a recent rally after Donald Trump's election victory.

Portfolio Pulse from

November 08, 2024 | 1:45 pm

Daiwa Capital has upgraded GE Vernova to a Buy rating and increased its price target from $245 to $336, indicating a positive outlook for the company's stock.