GE Vernova LLC

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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 stock is down after the company reported better-than-expected first-quarter results. The reaction to Thursday's earnings came on Tuesday.

GE Vernova Stock Falls After Earnings Beat. That Makes Sense.

General Electric

On April 25th, less than one month after becoming an official company, General Electric Vernova reported its first-ever financial results. Unfortunately, in the quarter, GE Vernova orders of $9.7 billion were mostly flat, down 1% organically.

General Electric Vernova debuts flat financial results with its first-ever earnings

Shares of GE Aerospace GE, +1.44% gained 0.7% in premarket trading Tuesday, after the maker of jet engines used in commercial and military aircraft, including Boeing Co. BA, +0.39% planes, reported first-quarter results, including the results of GE Vernova GEV, +1.18% prior to the spinoff, with both profit and revenue rising above expectations. First-quarter net earnings per share fell to $1.39 from $6.71.

GE's stock gains, as combined results of GE Aerospace and GE Vernova rose above forecasts

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CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova Inc. (NYSE: GEV) is scheduled to announce its first quarter 2024 financial results on Thursday, April 25, 2024, before market open. The company will host a webcast to discuss its financial results at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events/ge-vernova-1st-quarter-2024-earnings-webcast. The earnings press release and accompanying financial information, including reconciliations of non-GAAP financial measures, wi.

GE Vernova to Announce First Quarter 2024 Financial Results on April 25

Investors appear to be warming up to the idea that shares of the newly independent company are a Buy.

A New Buy Rating Pushes Up GE Vernova Stock, Finally

There's a good case for why GE Vernova just got its first-ever analyst upgrade. The GE spinoff is focused on power, wind, and electrification in the transition to cleaner energy.

1 Wall Street Analyst Just Gave GE Vernova Stock its First Buy Rating Upgrade. Is It Time to Buy Now?

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Lithium giant Albemarle and Tesla stock were among top S&P 500 performers Monday. Two big recent spinoffs were notable movers as well.

Tesla, Two Huge Spinoffs Among Big S&P 500 Stock Movers Monday

GE Vernova (GEV) shares jumped in intraday trading Monday after the recently spun-off energy division of conglomerate General Electric received its first upgrade, from JPMorgan (JPM) analysts.

GE Vernova Jumps After Getting First Upgrade From JPMorgan Analysts

General Electric Co (NYSE:GE) remains a premier aircraft engine manufacturer after its energy wing Vernova was spun off last week, Bank of America analysts have stated. Given a boom in demand for travel following the pandemic, analysts added the firm was entering a “goldilocks period” with “ample demand to capture”.

GE Aerospace still ‘premier' manufacturer after Vernova spin-off - analyst

GE Vernova Inc.'s stock soared 6% Monday, after the renewable energy and power company that was spun off from General Electric Co. got an upgrade to the equivalent of buy from JPMorgan.

GE Vernova's stock gets its first upgrade after 14% pullback in trading debut

J.P. Morgan analyst Mark Strouse upgraded shares of power-generation firm GE Vernova to Buy from Hold.

GE Vernova Stock Gets Its First Upgrade to Buy

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What You Need to Know About General Electric's Stock Split

Vernova shares are up more than 20% over the past week.

Why GE Vernova Stock Is Trading Like a Hot IPO.

General Electric completed its long-awaited split into three separately traded companies Tuesday, with the company's energy division GE Vernova making its trading debut under the "GEV" ticker.

GE Completes Its Split Into 3 Public Companies as GE Vernova Makes Its Trading Debut

It's the start of a new chapter for General Electric. For decades, the international conglomerate has been a staple of U.S. industry, adapting to changing economic tides and successfully conquering new frontiers.

GEV Stock: 7 Things to Know as GE Vernova Starts Trading Today

GE Vernova (NYSE: GE) stock price will be in the spotlight on Tuesday as the company starts trading in New York. This event marks a new phase for General Electric, which was once the biggest company in the world.

Is GE Vernova (GEV) a good spin-off stock to buy?

GE Aerospace and GE Vernova begin life Tuesday as two, separate stocks as they ring the opening bell on the New York Stock Exchange.

GE spins off GE Vernova, pivots to pure-play aerospace stock

CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova completes spin-off from GE on April 2, 2024.

GE Vernova Completes Spin-Off and Begins Trading on the New York Stock Exchange

General Electric (GE) will complete the changes it first announced in 2021 before markets open Tuesday, spinning off its energy-focused division from the aerospace division, with the entities becoming GE Vernova and GE Aerospace, respectively.

What You Need To Know About GE Vernova's and GE Aerospace's Split Tuesday

Trading in General Electric's power-generation spinoff began this week. The spinoff itself takes place on April 2.

GE Investors Get Some Early Clues to What Vernova Shares Are Worth

General Electric Co (NYSE:GE) is set to spinoff its power and renewable energy business GE Vernova next week with the company slated to join the S&P 500 upon its debut. The spinoff is set to take place before the open of US financial markets on Tuesday, April 2 with GE Vernova to commence trading on the New York Stock Exchange under the ticker symbol “GEV.

GE Vernova to join S&P 500 next week

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NEW YORK , March 27, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: Solventum Corp. (NYSE: SOLV) will be added to the S&P 500 effective prior to the open of trading on Monday, April 1, replacing V.F. Corp. (NYSE: VFC), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Wednesday, April 3.

GE Vernova and Solventum Set to Join S&P 500; Dentsply Sirona to Join S&P MidCap 400; Others to Join S&P SmallCap 600

Newly minted GE Vernova and Solventum Corp., both soon to be officially spun off from two industrial giants, are hitting it big early: They are joining the S&P 500 index next week.

News for GE Vernova LLC Stock (GEV)