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

306.45

Mkt cap

87B

Volume

2.9M

High

315.77

P/E Ratio

56.21

52-wk high

447.50

Low

303.00

Div yield

0.00

52-wk low

119.00

July 2024 was the second hottest July in history, with record temperatures in several regions. This trend presents investment opportunities in companies producing air-conditioning units, weather insulation, and clean energy. Key companies include Carrier Global Corp, Whirlpool Corporation, Emerson Electric Co, Owens Corning, TopBuild Corp, Beacon Roofing Supply Inc, and clean energy ETFs like iShares Global Clean Energy ETF, First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund, and Invesco Solar ETF. Individual clean energy companies like First Solar Inc, GE Vernova Inc, and Constellation Energy Corp have also shown strong performance.

Portfolio Pulse from Natan Ponieman

August 08, 2024 | 10:10 pm

Shares of companies within the broader industrial sector are trading lower amid overall market weakness following weak US data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:47 pm

Top Wall Street analysts have updated their outlooks on several major stocks, including Meta Platforms, Zeta Global, Glaukos, Day One Biopharmaceuticals, QUALCOMM, Allstate, GE Vernova, Generac Holdings, Pegasystems, and Waters Corporation. These updates include both price target changes and rating adjustments.

Portfolio Pulse from Avi Kapoor

August 01, 2024 | 12:17 pm

Morgan Stanley has upgraded GE Vernova (NYSE:GEV) from Equal-Weight to Overweight and raised the price target from $175 to $220.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:18 am

GE Vernova shares are trading higher after Goldman Sachs and Mizuho raised their price targets and maintained positive ratings on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 7:25 pm

Mizuho analyst Maheep Mandloi maintains an Outperform rating on GE Vernova (NYSE:GEV) and raises the price target from $186 to $208.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:28 pm

Goldman Sachs analyst Joe Ritchie maintains a Buy rating on GE Vernova (NYSE:GEV) and raises the price target from $196 to $220.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:25 pm

GE Vernova is under federal investigation for wind turbine failures, as reported by Bloomberg citing State House News.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 8:47 pm

Evercore ISI Group analyst James West maintains an Outperform rating on GE Vernova (NYSE:GEV) and raises the price target from $174 to $202.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:42 pm

RBC Capital analyst Christopher Dendrinos maintains an Outperform rating on GE Vernova (NYSE:GEV) and raises the price target from $180 to $192.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:01 pm

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