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

GE Vernova has declared a $0.25 per share quarterly dividend and approved a $6 billion share buyback program. The dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024.

Portfolio Pulse from

December 10, 2024 | 9:30 pm

GE Vernova has raised its multi-year financial outlook, initiated a dividend, and authorized a stock buyback, positioning itself as a leader in the energy transition investment supercycle.

Portfolio Pulse from

December 10, 2024 | 9:30 pm

On the latest trading day, GE Vernova (GEV) saw a positive change, closing at $348.13, which is a 1.27% increase from its previous close, despite a general market dip.

Portfolio Pulse from

December 06, 2024 | 12:00 am

GE Vernova (NYSE:GEV), a utility business spun out from General Electric, is gaining market attention as a potential top utility stock to buy in December.

Portfolio Pulse from

December 03, 2024 | 2:00 pm

In the latest trading session, GE Vernova (GEV) stock declined by 0.36% to close at $334.12, despite an overall market improvement.

Portfolio Pulse from

November 30, 2024 | 12:00 am

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.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 7:22 pm

Cruise line stocks, including Royal Caribbean, Norwegian, and Carnival, have been top performers in October, driven by strong booking trends and earnings expectations. Royal Caribbean and Norwegian are set to report earnings soon, with analysts forecasting significant growth. Bank of America has raised price targets for both but maintains a neutral rating due to stretched valuations. Hurricane Milton may slightly impact revenues, but the overall outlook remains positive.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 8:17 pm

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