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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.

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JP Morgan analyst Mark Strouse has initiated coverage on GE Vernova Inc. (GEV) with a Neutral rating and set a price target of $141. This new coverage could influence investor sentiment and market perception of GE Vernova Inc.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 2:26 pm

GE Aerospace (NYSE:GE) has officially launched as an independent public company following the spin-off of GE Vernova (NYSE:GEV). Both companies will ring the NYSE opening bell on April 2, 2024. GE Aerospace, with a significant global presence in commercial and military engines, expects a $10 billion operating profit by 2028 and plans to return 70%-75% of available funds to shareholders this year. GE Vernova, focusing on power generation, aims for mid-single digit organic revenue growth and a 10% adjusted EBITDA margin by 2028. TCW Transform Systems ETF (BATS:NETZ) and Invesco Aerospace & Defense ETF (NYSE:PPA) offer exposure to these stocks.

Portfolio Pulse from Lekha Gupta

April 02, 2024 | 1:27 pm

GE Vernova and Solventum are set to join the S&P 500 index. This inclusion reflects their significant market capitalization and influence in their respective sectors. The S&P 500 is a market-capitalization-weighted index of 500 of the largest publicly traded companies in the U.S., and inclusion is often seen as a mark of corporate prestige and stability. This move could potentially increase investor interest and demand for shares of both companies, as many investment funds that track the S&P 500 will now be required to hold their stocks.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 9:21 pm

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