GE Vernova Key Executives
This section highlights GE Vernova's key executives, including their titles and compensation details.
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GE Vernova Earnings
This section highlights GE Vernova's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-01-22 | $2.28 | $1.73 |
| Read Transcript | Q3 | 2024 | 2024-10-23 | $0.19 | $0.35 |
| Read Transcript | Q2 | 2024 | 2024-07-25 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-04-25 | $-0.48 | $-0.41 |
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.
$333.87
Stock Price
$92.11B
Market Cap
75.00K
Employees
Cambridge, MA
Location
Financial Statements
Access annual & quarterly financial statements for GE Vernova, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 |
|---|---|---|---|---|
| Revenue | $34.94B | $33.24B | $29.65B | $33.01B |
| Cost of Revenue | $28.85B | $28.27B | $26.00B | $27.69B |
| Gross Profit | $6.08B | $4.96B | $3.65B | $5.31B |
| Gross Profit Ratio | 17.42% | 14.90% | 12.31% | 16.10% |
| Research and Development Expenses | $982.00M | $896.00M | $979.00M | $1.01B |
| General and Administrative Expenses | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $4.63B | $4.84B | $4.41B | $4.68B |
| Other Expenses | $- | $- | $387.00M | $396.00M |
| Operating Expenses | $5.61B | $5.89B | $5.39B | $5.69B |
| Cost and Expenses | $34.46B | $34.16B | $31.40B | $33.38B |
| Interest Income | $186.00M | $- | $42.00M | $71.00M |
| Interest Expense | $- | $71.00M | $151.00M | $172.00M |
| Depreciation and Amortization | $- | $964.00M | $991.00M | $1.18B |
| EBITDA | $471.00M | $932.00M | $-1.33B | $484.00M |
| EBITDA Ratio | 1.35% | 2.80% | -2.54% | 2.42% |
| Operating Income | $471.00M | $-923.00M | $-1.74B | $-378.00M |
| Operating Income Ratio | 1.35% | -2.78% | -5.88% | -1.15% |
| Total Other Income Expenses Net | $2.03B | $793.00M | $407.00M | $20.00M |
| Income Before Tax | $2.50B | $-130.00M | $-2.47B | $-864.00M |
| Income Before Tax Ratio | 7.15% | -0.39% | -8.34% | -2.62% |
| Income Tax Expense | $939.00M | $344.00M | $248.00M | $-140.00M |
| Net Income | $1.55B | $-438.00M | $-2.74B | $-633.00M |
| Net Income Ratio | 4.44% | -1.32% | -9.23% | -1.92% |
| EPS | $5.64 | $-1.98 | $-10.06 | $-2.33 |
| EPS Diluted | $5.58 | $-1.98 | $-10.06 | $-2.33 |
| Weighted Average Shares Outstanding | 275.00M | 272.08M | 272.08M | 272.08M |
| Weighted Average Shares Outstanding Diluted | 278.00M | 272.08M | 272.08M | 272.08M |
| SEC Filing | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.56B | $8.91B | $8.21B | $7.26B | $10.04B | $8.25B | $8.12B | $6.82B |
| Cost of Revenue | $8.44B | $7.80B | $6.47B | $6.11B | $8.36B | $7.20B | $6.97B | $5.90B |
| Gross Profit | $2.12B | $1.11B | $1.74B | $1.15B | $1.69B | $1.05B | $1.15B | $919.00M |
| Gross Profit Ratio | 20.11% | 12.40% | 21.20% | 15.80% | 16.80% | 12.70% | 14.10% | 13.50% |
| Research and Development Expenses | $265.00M | $243.00M | $237.00M | $237.00M | $255.00M | $223.00M | $216.00M | $202.00M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.27B | $1.23B | $848.00M | $1.20B | $1.33B | $1.14B | $1.27B | $1.19B |
| Other Expenses | $- | $- | $148.00M | $170.00M | $- | $- | $222.00M | $164.00M |
| Operating Expenses | $1.53B | $1.47B | $1.08B | $1.44B | $1.59B | $1.36B | $1.49B | $1.39B |
| Cost and Expenses | $9.96B | $9.27B | $7.56B | $7.55B | $9.95B | $8.56B | $8.46B | $7.29B |
| Interest Income | $104.00M | $57.00M | $81.00M | $- | $-48.00M | $23.00M | $17.00M | $21.00M |
| Interest Expense | $- | $- | $60.00M | $14.00M | $8.00M | $21.00M | $21.00M | $21.00M |
| Depreciation and Amortization | $269.00M | $398.00M | $254.00M | $251.00M | $252.00M | $242.00M | $238.00M | $231.00M |
| EBITDA | $861.00M | $38.00M | $781.00M | $170.00M | $669.00M | $247.00M | $231.00M | $-165.00M |
| EBITDA Ratio | 8.15% | 0.43% | 11.05% | -2.13% | 6.66% | 2.99% | 1.77% | -2.10% |
| Operating Income | $593.00M | $-359.00M | $654.00M | $-289.00M | $97.00M | $-307.00M | $-341.00M | $-469.00M |
| Operating Income Ratio | 5.62% | -4.03% | 7.96% | -3.98% | 0.97% | -3.72% | -4.20% | -6.87% |
| Total Other Income Expenses Net | $-109.00M | $237.00M | $1.07B | $193.00M | $312.00M | $291.00M | $314.00M | $54.00M |
| Income Before Tax | $484.00M | $-122.00M | $1.60B | $-96.00M | $409.00M | $-16.00M | $-27.00M | $-415.00M |
| Income Before Tax Ratio | 4.58% | -1.37% | 19.50% | -1.32% | 4.07% | -0.19% | -0.33% | -6.08% |
| Income Tax Expense | $- | $-23.00M | $322.00M | $10.00M | $305.00M | $169.00M | $122.00M | $-69.00M |
| Net Income | $484.00M | $-96.00M | $1.29B | $-130.00M | $95.00M | $-170.00M | $-150.00M | $-315.00M |
| Net Income Ratio | 4.58% | -1.08% | 15.75% | -1.79% | 0.95% | -2.06% | -1.85% | -4.62% |
| EPS | $1.76 | $-0.35 | $4.72 | $-0.48 | $0.35 | $-0.62 | $-0.55 | $-1.15 |
| EPS Diluted | $1.74 | $-0.35 | $4.65 | $-0.48 | $0.35 | $-0.62 | $-0.55 | $-1.15 |
| Weighted Average Shares Outstanding | 275.00M | 275.00M | 274.00M | 272.08M | 272.08M | 272.08M | 272.08M | 274.00M |
| Weighted Average Shares Outstanding Diluted | 278.00M | 275.00M | 278.00M | 272.08M | 272.08M | 272.08M | 272.08M | 274.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 |
|---|---|---|---|
| Cash and Cash Equivalents | $8.21B | $1.55B | $2.07B |
| Short Term Investments | $- | $2.03B | $- |
| Cash and Short Term Investments | $8.21B | $1.55B | $2.07B |
| Net Receivables | $16.80B | $15.83B | $14.88B |
| Inventory | $8.59B | $7.20B | $6.75B |
| Other Current Assets | $- | $4.90B | $2.21B |
| Total Current Assets | $33.59B | $27.43B | $24.75B |
| Property Plant Equipment Net | $5.15B | $5.23B | $5.11B |
| Goodwill | $4.26B | $4.44B | $4.16B |
| Intangible Assets | $813.00M | $1.04B | $1.17B |
| Goodwill and Intangible Assets | $5.08B | $5.48B | $5.34B |
| Long Term Investments | $- | $2.34B | $4.51B |
| Tax Assets | $- | $235.00M | $1.60B |
| Other Non-Current Assets | $- | $4.39B | $3.16B |
| Total Non-Current Assets | $10.23B | $17.67B | $19.72B |
| Other Assets | $7.67B | $1.02B | $- |
| Total Assets | $51.48B | $46.12B | $44.47B |
| Account Payables | $4.94B | $4.70B | $4.23B |
| Short Term Debt | $223.00M | $- | $320.00M |
| Tax Payables | $455.00M | $123.00M | $75.00M |
| Deferred Revenue | $17.59B | $15.07B | $11.84B |
| Other Current Liabilities | $8.48B | $9.41B | $9.57B |
| Total Current Liabilities | $31.68B | $29.31B | $26.04B |
| Long Term Debt | $820.00M | $819.00M | $848.00M |
| Deferred Revenue Non-Current | $157.00M | $173.00M | $296.00M |
| Deferred Tax Liabilities Non-Current | $827.00M | $382.00M | $449.00M |
| Other Non-Current Liabilities | $7.40B | $7.06B | $5.23B |
| Total Non-Current Liabilities | $9.21B | $8.44B | $6.82B |
| Other Liabilities | $- | $- | $- |
| Total Liabilities | $40.89B | $37.74B | $32.86B |
| Preferred Stock | $- | $- | $- |
| Common Stock | $3.00M | $8.05B | $12.11B |
| Retained Earnings | $1.61B | $- | $- |
| Accumulated Other Comprehensive Income Loss | $-1.76B | $-635.00M | $-1.46B |
| Other Total Stockholders Equity | $9.69B | $- | $- |
| Total Stockholders Equity | $9.55B | $7.42B | $10.65B |
| Total Equity | $10.59B | $8.38B | $11.61B |
| Total Liabilities and Stockholders Equity | $51.48B | $46.12B | $44.47B |
| Minority Interest | $1.05B | $964.00M | $957.00M |
| Total Liabilities and Total Equity | $51.48B | $46.12B | $44.47B |
| Total Investments | $2.15B | $4.37B | $4.51B |
| Total Debt | $1.04B | $1.18B | $1.17B |
| Net Debt | $-7.16B | $-367.00M | $-899.00M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | March 31, 2023 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $8.21B | $7.39B | $5.78B | $3.25B | $3.60B | $-2.07B |
| Short Term Investments | $- | $- | $- | $- | $- | $4.13B |
| Cash and Short Term Investments | $8.21B | $7.39B | $5.78B | $3.25B | $3.60B | $2.07B |
| Net Receivables | $16.80B | $15.82B | $15.13B | $15.68B | $- | $- |
| Inventory | $7.82B | $8.27B | $8.11B | $8.86B | $- | $- |
| Other Current Assets | $1.33B | $551.00M | $463.00M | $1.45B | $- | $- |
| Total Current Assets | $34.15B | $32.03B | $29.48B | $29.24B | $3.60B | $2.07B |
| Property Plant Equipment Net | $5.15B | $5.15B | $5.17B | $5.22B | $- | $- |
| Goodwill | $4.26B | $4.44B | $4.35B | $4.40B | $- | $- |
| Intangible Assets | $812.00M | $869.00M | $925.00M | $991.00M | $- | $- |
| Goodwill and Intangible Assets | $5.08B | $5.31B | $5.28B | $5.39B | $- | $- |
| Long Term Investments | $2.15B | $2.38B | $2.40B | $3.65B | $- | $- |
| Tax Assets | $1.64B | $1.50B | $1.38B | $1.43B | $- | $- |
| Other Non-Current Assets | $3.32B | $4.49B | $4.33B | $2.94B | $- | $-2.07B |
| Total Non-Current Assets | $17.33B | $18.82B | $18.57B | $18.63B | $- | $-2.07B |
| Other Assets | $1.00M | $- | $- | $- | $43.60B | $- |
| Total Assets | $51.48B | $50.85B | $48.05B | $47.87B | $47.19B | $- |
| Account Payables | $4.94B | $5.40B | $4.70B | $4.33B | $8.28B | $- |
| Short Term Debt | $223.00M | $- | $- | $- | $- | $- |
| Tax Payables | $455.00M | $417.00M | $458.00M | $468.00M | $- | $- |
| Deferred Revenue | $17.59B | $16.91B | $16.54B | $15.92B | $- | $- |
| Other Current Liabilities | $8.48B | $8.51B | $7.37B | $8.80B | $6.08B | $- |
| Total Current Liabilities | $31.68B | $31.23B | $29.07B | $29.52B | $- | $- |
| Long Term Debt | $820.00M | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $157.00M | $- | $-979.00M | $423.00M | $- | $- |
| Deferred Tax Liabilities Non-Current | $827.00M | $823.00M | $674.00M | $423.00M | $- | $- |
| Other Non-Current Liabilities | $7.40B | $8.28B | $8.26B | $7.95B | $8.41B | $- |
| Total Non-Current Liabilities | $9.21B | $9.10B | $8.94B | $8.38B | $- | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $40.89B | $40.34B | $38.00B | $37.89B | $- | $- |
| Preferred Stock | $- | $- | $- | $- | $- | $- |
| Common Stock | $3.00M | $3.00M | $3.00M | $9.66B | $- | $- |
| Retained Earnings | $1.61B | $1.20B | $1.29B | $- | $- | $- |
| Accumulated Other Comprehensive Income Loss | $-1.76B | $-1.03B | $-1.03B | $8.97B | $- | $10.65B |
| Other Total Stockholders Equity | $9.69B | $9.33B | $8.80B | $1.00M | $8.64B | $957.00M |
| Total Stockholders Equity | $9.55B | $9.50B | $9.07B | $8.97B | $8.97B | $11.61B |
| Total Equity | $10.59B | $10.52B | $10.05B | $9.98B | $8.97B | $11.61B |
| Total Liabilities and Stockholders Equity | $51.48B | $50.85B | $48.05B | $47.87B | $47.19B | $11.61B |
| Minority Interest | $1.05B | $1.01B | $982.00M | $1.01B | $- | $- |
| Total Liabilities and Total Equity | $51.48B | $50.85B | $48.05B | $47.87B | $47.19B | $11.61B |
| Total Investments | $2.15B | $2.38B | $2.40B | $3.65B | $- | $4.13B |
| Total Debt | $1.04B | $- | $979.00M | $1.02B | $- | $- |
| Net Debt | $-7.16B | $-7.39B | $-4.80B | $-2.23B | $-3.60B | $2.07B |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 |
|---|---|---|---|---|
| Net Income | $1.56B | $-438.00M | $-2.74B | $-633.00M |
| Depreciation and Amortization | $1.17B | $964.00M | $991.00M | $1.18B |
| Deferred Income Tax | $316.00M | $342.00M | $157.00M | $-349.00M |
| Stock Based Compensation | $- | $- | $- | $- |
| Change in Working Capital | $- | $1.07B | $860.00M | $-1.26B |
| Accounts Receivables | $- | $-726.00M | $-521.00M | $-1.44B |
| Inventory | $-641.00M | $-240.00M | $-949.00M | $400.00M |
| Accounts Payables | $1.07B | $-663.00M | $643.00M | $63.00M |
| Other Working Capital | $- | $2.70B | $1.69B | $-285.00M |
| Other Non Cash Items | $-464.00M | $-754.00M | $3.58B | $2.39B |
| Net Cash Provided by Operating Activities | $2.58B | $1.19B | $-114.00M | $-1.66B |
| Investments in Property Plant and Equipment | $-883.00M | $-744.00M | $-513.00M | $-577.00M |
| Acquisitions Net | $- | $60.00M | $53.00M | $69.00M |
| Purchases of Investments | $-114.00M | $- | $-393.00M | $-545.00M |
| Sales Maturities of Investments | $244.00M | $232.00M | $340.00M | $176.00M |
| Other Investing Activities | $716.00M | $-282.00M | $191.00M | $-264.00M |
| Net Cash Used for Investing Activities | $-37.00M | $-734.00M | $-322.00M | $-1.14B |
| Debt Repayment | $-23.00M | $16.00M | $15.00M | $-104.00M |
| Common Stock Issued | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- |
| Other Financing Activities | $3.67B | $-424.00M | $796.00M | $2.10B |
| Net Cash Used Provided by Financing Activities | $3.65B | $-408.00M | $811.00M | $2.00B |
| Effect of Forex Changes on Cash | $-147.00M | $22.00M | $-87.00M | $-66.00M |
| Net Change in Cash | $6.05B | $-516.00M | $267.00M | $-871.00M |
| Cash at End of Period | $7.60B | $1.55B | $2.07B | $1.80B |
| Cash at Beginning of Period | $1.55B | $2.07B | $1.80B | $2.67B |
| Operating Cash Flow | $2.58B | $1.19B | $-114.00M | $-1.66B |
| Capital Expenditure | $-883.00M | $-744.00M | $-513.00M | $-577.00M |
| Free Cash Flow | $1.70B | $442.00M | $-627.00M | $-2.24B |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $484.00M | $-96.00M | $1.29B | $-130.00M | $206.00M | $-185.00M | $-149.00M | $-346.00M |
| Depreciation and Amortization | $269.00M | $398.00M | $254.00M | $134.00M | $252.00M | $242.00M | $239.00M | $231.00M |
| Deferred Income Tax | $305.00M | $-149.00M | $208.00M | $-48.00M | $92.00M | $209.00M | $155.00M | $-114.00M |
| Stock Based Compensation | $- | $-54.00M | $54.00M | $- | $- | $- | $- | $- |
| Change in Working Capital | $218.00M | $615.00M | $256.00M | $-399.00M | $1.17B | $94.00M | $42.00M | $-175.00M |
| Accounts Receivables | $-1.50B | $-480.00M | $236.00M | $33.00M | $-830.00M | $-172.00M | $-309.00M | $591.00M |
| Inventory | $510.00M | $137.00M | $-571.00M | $-717.00M | $811.00M | $114.00M | $-426.00M | $-739.00M |
| Accounts Payables | $96.00M | $876.00M | $400.00M | $-306.00M | $-453.00M | $-124.00M | $220.00M | $-306.00M |
| Other Working Capital | $1.11B | $82.00M | $191.00M | $591.00M | $1.64B | $276.00M | $471.00M | $317.00M |
| Other Non Cash Items | $-355.00M | $410.00M | $-379.00M | $1.21B | $212.00M | $-127.00M | $-297.00M | $-104.00M |
| Net Cash Provided by Operating Activities | $921.00M | $1.12B | $982.00M | $-444.00M | $1.93B | $233.00M | $-288.00M | $-690.00M |
| Investments in Property Plant and Equipment | $-350.00M | $-159.00M | $-157.00M | $-217.00M | $-280.00M | $-181.00M | $-159.00M | $-124.00M |
| Acquisitions Net | $382.00M | $-1.00M | $648.00M | $4.00M | $6.00M | $150.00M | $-2.00M | $-5.00M |
| Purchases of Investments | $- | $-2.00M | $-17.00M | $-91.00M | $- | $-37.00M | $-22.00M | $-18.00M |
| Sales Maturities of Investments | $- | $1.00M | $2.00M | $29.00M | $- | $187.00M | $20.00M | $13.00M |
| Other Investing Activities | $-207.00M | $47.00M | $60.00M | $-9.00M | $17.00M | $-5.00M | $-281.00M | $86.00M |
| Net Cash Used for Investing Activities | $-175.00M | $-114.00M | $537.00M | $-285.00M | $-257.00M | $-36.00M | $-400.00M | $-41.00M |
| Debt Repayment | $- | $- | $- | $-23.00M | $-14.00M | $1.00M | $11.00M | $18.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $163.00M | $585.00M | $970.00M | $1.96B | $-1.05B | $-287.00M | $227.00M | $686.00M |
| Net Cash Used Provided by Financing Activities | $163.00M | $585.00M | $970.00M | $1.93B | $-1.06B | $-286.00M | $238.00M | $704.00M |
| Effect of Forex Changes on Cash | $-99.00M | $18.00M | $-34.00M | $-32.00M | $44.00M | $-31.00M | $-4.00M | $13.00M |
| Net Change in Cash | $810.00M | $1.62B | $2.52B | $1.70B | $65.00M | $-134.00M | $-453.00M | $6.00M |
| Cash at End of Period | $8.21B | $7.39B | $5.78B | $3.25B | $1.55B | $1.49B | $1.62B | $2.07B |
| Cash at Beginning of Period | $7.39B | $5.78B | $3.25B | $1.55B | $1.49B | $1.62B | $2.07B | $2.07B |
| Operating Cash Flow | $921.00M | $1.12B | $982.00M | $-444.00M | $1.93B | $233.00M | $-288.00M | $-690.00M |
| Capital Expenditure | $-350.00M | $-159.00M | $-157.00M | $-217.00M | $-280.00M | $-181.00M | $-159.00M | $-124.00M |
| Free Cash Flow | $571.00M | $968.00M | $825.00M | $-661.00M | $1.65B | $52.00M | $-447.00M | $-814.00M |
GE Vernova Dividends
Explore GE Vernova's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
2.93x
GE Vernova Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.25 | $0.25 | December 20, 2024 | December 20, 2024 | January 28, 2025 | December 10, 2024 |
GE Vernova News
Read the latest news about GE Vernova, including recent articles, headlines, and updates.
GE Vernova: A Good Buy Post The Recent Correction
GE Vernova is poised for strong revenue and earnings growth due to solid backlog, strong end market demand, and healthy pricing increases. Despite recent stock price corrections due to DeepSeek concerns, I believe AI adoption and power infrastructure investments will drive long-term growth. The company's margin expansion is supported by higher pricing, cost reduction initiatives, and exiting low-margin offshore wind business.
GE Vernova: The Future Looks Electric And This Data Center Play Stands To Benefit
GE Vernova's transformation has led to significant shareholder value, with the stock surging 116.8% since its spin-off from General Electric. The company's Power, Wind, and Electrification segments show promising growth, driven by rising electricity demand and decarbonization efforts. Despite initial skepticism, GE Vernova's improved financial performance and future growth prospects justify upgrading the stock to a soft 'buy'.
Is It Worth Investing in GE Vernova (GEV) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
NRG Energy, GE Vernova and Kiewit Accelerating New Generation Capacity to Support Demand Growth
HOUSTON--(BUSINESS WIRE)--NRG Energy Inc. (NYSE:NRG) today joined GE Vernova, Inc. (NYSE: GEV) and TIC – The Industrial Company (TIC), a subsidiary of Kiewit Corporation (Kiewit) in announcing a new venture aimed at rapidly bringing new electricity generation capacity to market in response to growing demand for computing power and generative AI (GenAI). This best-in-class, U.S.-based venture combines the strengths of a power generation and wholesale company/developer, original equipment manufac.
Here's Why GE Vernova Stock Soared in January
It's only February, but GE Vernova's (GEV 1.75%) stock has already had an exciting year. The share rose by 13.4% in January, according to S&P Global Market Intelligence data, but sold off at the end of the month due to the emergence of new artificial intelligence (AI) models from Chinese start-up DeepSeek.
Here's Why Shares in GE Vernova Slumped This Week
Shares in GE Vernova (GEV 8.40%), a gas power, wind turbine, and electrification technology company, were down almost 9% this week, as of Friday morning. The move follows the release of Chinese start-up DeepSeek's latest artificial intelligence (AI) model.
GE Vernova to Invest Almost $600 Million in U.S. Factories and Facilities Over Next Two Years
CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova Inc. (NYSE:GEV), America's leading energy manufacturing company, is planning to invest nearly $600 million in its U.S. factories and facilities over the next two years to help meet the surging electricity demands around the world. The new investments – expected to create approximately 1,500 new U.S. jobs – will help drive U.S. energy affordability, national security, and competitiveness, and enable the American manufacturing footprint needed to supp.
Chevron CEO on new partnership with Engine No. 1 and GE Vernova to power AI data centers
Chevron chairman and CEO Mike Wirth and GE Vernova CEO Scott Strazik join ‘Squawk on the Street' to discuss the new partnership alongside Engine No. 1 to power AI data centers and address the rising data center and hyperscaler energy demand needs, oil and energy production outlook under the new Trump administration, and more.
Chevron, Engine No. 1 and GE Vernova team up on powering US data centers, with AI in focus
Energy company Chevron is partnering with Engine No. 1 and GE Vernova to create natural gas power plants in the United States that will be linked to data centers in order to support increased demand for electricity at these centers, particularly for the development of artificial intelligence.
Chevron, GE Vernova and Engine No. 1 partner to power AI data centers
Chevron chairman and CEO Mike Wirth and GE Vernova CEO Scott Strazik join 'Squawk on the Street' to discuss the new partnership alongside Engine No. 1 to power AI data centers and address the rising data center and hyperscaler energy demand needs, oil and energy production outlook under the new Trump administration, and more.
GE Vernova Has Major Megatrends Taking Place
GE Vernova has the ability to realize significant growth and margin expansion, driven by strong power demand for lighting up data centers. Oracle & Softbank recently announced a $500b venture for developing large-scale data centers. Oracle had previously hinted at constructing multiple 200MW sites for OpenAI. GEV's long-term growth is supported by partnerships in developing small modular reactors, potentially accelerating the commencement towards the end of the decade.
GE Vernova: A Generational Energy Investment Opportunity
I rate GE Vernova a buy, driven by surging power demand from data centers, AI adoption, and electrification, positioning GEV to benefit from energy infrastructure investments. GEV's 4Q24 earnings were strong, with total revenue of $10.56 billion, 85% adj EBITDA growth, and double-digit adj EBITDA margins, despite challenges in the Wind segment. GEV is uniquely positioned to meet large-scale energy demands with its power generation, grid modernization, and renewable energy solutions, supported by a robust backlog and customer confidence.
GE Vernova price target raised to $437 from $361 at Citi
Citi raised the firm's price target on GE Vernova to $437 from $361 and keeps a Neutral rating on the shares. Following the Q4 earnings, Citi continues to view GE Vernova as well positioned to benefit from growing power infrastructure related demand and ongoing self-help efforts that support good visibility to sales and earnings growth in 2025 and beyond. However, with the stock's valuation reflective of elevated growth expectations, GE's risk/reward is relatively balanced, the analyst tells investors in a research note.
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