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GE Vernova has become a Wall Street favorite as an AI power play. ... The analyst reiterated an Overweight rating and increased his bull case scenario price target on the stock to $397 from $371.
GE Vernova Segment. 2023 YTD EBITDA. 2024 YTD EBITDA. Power. $923 million. $1,457 million. Electrification. $66 million. $396 million. Wind ($744) million ($607) million
Shares in GE Aerospace (NYSE: GE) rose by more than 63% in 2024 after adjusting for the spinoff of GE Vernova in April, according to data provide d by S&P Global Market Intelligence.
GE Vernova Inc., [2] formerly GE Power and GE Renewable Energy, is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. [ 3 ] GE Vernova was formed from the merger and subsequent spin-off of General Electric 's energy businesses in 2024: GE Power , GE Renewable Energy , and GE Digital .
Shares in power, wind, and electrification company GE Vernova (NYSE: GEV) rose by 12.8% in August, according to data provided by S&P Global Market Intelligence.The move was due to a combination of ...
In 2021 a plan to split GE into three new public companies (GE Vernova, GE HealthCare, and GE Aerospace) was announced. GE Energy Financial Services, along with GE Digital, GE Renewable Energy, and GE Power will come together as GE Vernova. [2] The spin-off was completed in the second quarter of 2024. [3]
The stock has 13 Buy ratings, 9 Hold and zero Sell. In 2021 the company did an 8 for 1 reverse stock split. Argus's Eade believes shares have room to grow and recently raised his price target to $130.
The change of name reflects the spin-off of GE Vernova in early April. ... GE stock was up 24.6% in the first half, according to data provided by S&P Global Market Intelligence.