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 shares are experiencing an upward trend as several firms have increased their price targets for the stock.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:37 pm

GE Vernova Inc. (NYSE:GEV) reported strong Q3 results with an 8% revenue growth, narrowing net loss, and increased orders. Analysts have raised their price targets for GEV, reflecting positive sentiment.

Portfolio Pulse from Avi Kapoor

October 24, 2024 | 12:54 pm

Barclays analyst Julian Mitchell maintains an Overweight rating on GE Vernova and raises the price target from $300 to $320.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:43 pm

JP Morgan analyst Mark Strouse maintains an Overweight rating on GE Vernova and raises the price target from $285 to $330.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:28 pm

B of A Securities has maintained a Buy rating on GE Vernova and raised its price target from $300 to $320.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 12:14 pm

Wall Street experienced its third consecutive day of losses as investor sentiment weakened. The U.S. dollar strengthened, impacting equities and commodities. Boeing reported disappointing earnings, while other companies like Texas Instruments and Baker Hughes saw gains. Real estate stocks showed resilience despite weak housing data.

Portfolio Pulse from Piero Cingari

October 23, 2024 | 6:07 pm

GE Vernova reported a Q3 adjusted EPS of $0.35, indicating its financial performance for the quarter.

Portfolio Pulse from Mohit Manghnani

October 23, 2024 | 1:53 pm

GE Vernova reported mixed Q3 results with strong sales growth but missed earnings expectations. Revenue grew 8% YoY to $8.913 billion, beating estimates, while EPS missed at a loss of $0.35. Orders increased 17% organically, and cash flow surged. Despite positive revenue and cash flow, shares fell 4.49% premarket.

Portfolio Pulse from Akanksha Bakshi

October 23, 2024 | 12:00 pm

GE Vernova shares declined following the release of mixed Q3 financial results, although the company reaffirmed its FY24 sales outlook.

Portfolio Pulse from Mohit Manghnani

October 23, 2024 | 10:41 am

GE Vernov reported a Q3 2024 GAAP EPS of $(0.35), missing the estimated $0.32. This significant miss could impact investor sentiment negatively.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 10:37 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.