GE Vernova LLC

Earnings data Q1 2024

Earnings data Q2 2024

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Earnings data Q4 2024

GE Vernova reports robust Q2 results, raises 2024 guidance

GE Vernova's Q2 2024 Earnings Call showcased strong financial performance, highlighted by growth in Power segment orders and improved margins. Despite challenges in the Wind segment, the company remains focused on safety and quality while pursuing growth opportunities.

GE Vernova reports robust Q3 performance, eyes sustained growth

GE Vernova's Q3 2024 earnings call highlighted strong performance in Power and Electrification segments, with double-digit growth in orders and revenue.
The company reaffirmed its full-year guidance, emphasizing solid results, substantial free cash flow generation, and a commitment to sustainability and innovation.
Despite challenges in offshore wind, GE Vernova remains focused on maintaining financial strength, driving growth, and delivering long-term value for stakeholders.

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GE Vernova, Inc. is a electric power industry. Its products and services generate, transfer, orchestrate, convert, and store electricity. The firm operates through the following segments: Power, Wind and Electrification. The Power segment includes design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. The Wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. The Electrification segment includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. The Company was founded November 09, 2021 and is headquartered in Cambridge, Massachusetts.

GE Vernova (GEV) closed at $347.29 in the latest trading session, marking a +0.69% move from the prior day.

GE Vernova (GEV) Rises Yet Lags Behind Market: Some Facts Worth Knowing

GE Vernova (GEV) concluded the recent trading session at $344.92, signifying a +0.66% move from its prior day's close.

Here's Why GE Vernova (GEV) Gained But Lagged the Market Today

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GE Vernova Surges 44% in 3 Months: Should You Buy the Stock Now?

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GE Vernova's gas-powered turbines will be key for big tech companies looking to power data center campuses. The post GE Vernova Handed 2025 'Top Pick' Status Amid The AI Data Center Gold Rush appeared first on Investor's Business Daily.

GE Vernova Handed 2025 'Top Pick' Status Amid The AI Data Center Gold Rush

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GE Vernova's valuation is excessively high, trading at ~3x revenue, despite modest revenue growth and low profit margins, making it overvalued compared to peers. The wind turbine segment struggles with profitability and faces intense competition, particularly from low-cost Chinese manufacturers, casting doubt on future margins. Medium-term prospects are supported by strong order intake and a growing backlog, especially in gas power for AI data centers, but long-term headwinds are expected.

GE Vernova: Valued Like The Magnificent 7, Delivering Like An Industrial

GE Vernova (GEV) shares jumped on Wednesday, one day after the energy equipment maker raised its long-term sales outlook.

Watch These GE Vernova Price Levels as Stock Jumps After Investor Update

On Tuesday, GE Vernova GEV hosted its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.

GE Vernova Projects Growth But Notes Challenges In Wind Segment

NEW YORK--(BUSINESS WIRE)--GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The quarterly dividend will be payable on January 28, 2025, to shareholders of record as of December 20, 2024. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova's earnings, financial condition, cash requirements, prospec.

GE Vernova declares $0.25 per share quarterly dividend and initial $6 billion share buyback

NEW YORK--(BUSINESS WIRE)--GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy. “GE Vernova is well-positioned to lead as the investment supercycle for the energy transition gains momentum,” said GE Vernova CEO Scott Strazik. “Robust demand for our technologies and services, along with better execution through our l.

GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback

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Technip Energies (PARIS:TE), leader of a consortium with GE Vernova and construction partner Balfour Beatty – with the support of technology partner Shell Catalysts & Technologies – received Notice to Proceed by NZT Power Limited to execute a major( 1) contract for the Net Zero Teesside Power (NZT Power) project in the United Kingdom.

Technip Energies and GE Vernova awarded a major contract for the Net Zero Teesside Power project, which aims to be the world's first gas-fired power station with carbon capture and storage

GE Vernova hosts an analyst event Tuesday evening. One holiday gift to investors could be a dividend.

GE Vernova Will Talk Growth Tuesday. Could a Dividend Be Next?

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The latest trading day saw GE Vernova (GEV) settling at $348.13, representing a +1.27% change from its previous close.

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Make no mistake, the market loves GE Vernova (NYSE:GEV), the utility business spun out earlier this year from the remnants of the old General Electric conglomerate.

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GE Vernova's small modular reactor, BWRX-300, could play a role in developing more nuclear power over the next decade. The General Electric spinoff is targeting more than $2 billion in annual revenue from its small reactor business by the mid-2030s.

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In the latest trading session, GE Vernova (GEV) closed at $334.12, marking a -0.36% move from the previous day.

GE Vernova (GEV) Stock Declines While Market Improves: Some Information for Investors

GE Vernova, spun off from General Electric in April 2024, specializes in electric power industry products and services, achieving double-digit organic revenue and order growth. Electrification and decarbonization trends, along with rising data center power needs, present significant growth opportunities for GEV's comprehensive energy solutions. Strong service components, representing 45% of total revenue, drive recurring revenue and significant margin expansion, particularly in the Power and Electrification segments.

GE Vernova: Leading Energy Transition, Initiate With A Buy

Wells Fargo analyst Michael Blum launched coverage with a Buy rating and a $385 price target—the second highest on FactSet.

GE Vernova Stock Is an AI Winner. The Case to Buy.

GE Vernova has doubled since its GE split, driven by electric energy demand and a turnaround plan to boost EBITDA margins from 2% to 13% by 2027. The company's turnaround involves better pricing and productivity, with EPS projected to grow over 20% annually due to margin improvements. GEV is generating free cash flow, and a capital return policy announcement at the December Investor Day could further boost share value.

News for GE Vernova LLC Stock (GEV)