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GE Vernova (GEV) Stock Price, News & Analysis

GE Vernova logo
$342.66 +9.86 (+2.96%)
(As of 12/20/2024 05:45 PM ET)

About GE Vernova Stock (NYSE:GEV)

Key Stats

Today's Range
$327.15
$345.64
50-Day Range
$266.36
$349.44
52-Week Range
$115.00
$357.09
Volume
5.47 million shs
Average Volume
3.48 million shs
Market Capitalization
$94.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$314.35
Consensus Rating
Moderate Buy

Company Overview

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.

GE Vernova Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
51st Percentile Overall Score

GEV MarketRank™: 

GE Vernova scored higher than 51% of companies evaluated by MarketBeat, and ranked 175th out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    GE Vernova has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 20 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    GE Vernova has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about GE Vernova's stock forecast and price target.
  • Earnings Growth

    Earnings for GE Vernova are expected to grow by 167.63% in the coming year, from $2.41 to $6.45 per share.

  • Price to Earnings Growth Ratio

    GE Vernova has a PEG Ratio of 7.93. PEG Ratios above 1 indicate that a company could be overvalued.

  • Percentage of Shares Shorted

    2.13% of the float of GE Vernova has been sold short.
  • Short Interest Ratio / Days to Cover

    GE Vernova has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in GE Vernova has recently increased by 13.29%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    GE Vernova does not currently pay a dividend.

  • Dividend Growth

    GE Vernova does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, GE Vernova will have a dividend payout ratio of 15.50% next year. This indicates that GE Vernova will be able to sustain or increase its dividend.

  • Read more about GE Vernova's dividend.
  • Percentage of Shares Shorted

    2.13% of the float of GE Vernova has been sold short.
  • Short Interest Ratio / Days to Cover

    GE Vernova has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in GE Vernova has recently increased by 13.29%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    GE Vernova has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for GE Vernova this week, compared to 18 articles on an average week.
  • Search Interest

    65 people have searched for GEV on MarketBeat in the last 30 days. This is an increase of 27% compared to the previous 30 days.
  • MarketBeat Follows

    Only 49 people have added GE Vernova to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
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GEV Stock News Headlines

Natural gas data center
These 3 Stocks Look to Power AI Data Centers With Natural Gas (GEV)
These three stocks have recently made waves in the news based on their ambitions to power AI data centers with natural gas.
Vladimir Lenin was right…
The Magnificent 7 could be in for a world of pain… And the insiders know it. It’s why Jeff Bezos just sold $3 billion of Amazon… it’s why Nvidia’s CEO just sold $713 million... and it’s why Zuckerberg just sold $1.3 billion in Meta stock. The financial establishment doesn’t want you to know about this… but a controversial new documentary just pulled back the curtain and exposed what’s really going on. It’s called The Final Frontier.
GE Vernova Inc. stock rises Friday, outperforms market
Deutsche Bank Sticks to Their Buy Rating for GE Vernova Inc. (GEV)
GE Vernova Inc. stock rises Thursday, outperforms market
See More Headlines

GEV Stock Analysis - Frequently Asked Questions

GE Vernova's stock was trading at $137.34 at the beginning of the year. Since then, GEV shares have increased by 149.5% and is now trading at $342.66.
View the best growth stocks for 2024 here
.

GE Vernova's board authorized a stock buyback plan on Tuesday, December 10th 2024, which permits the company to buy back $6,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 6.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

GE Vernova's top institutional investors include FMR LLC (8.72%), State Street Corp (3.79%), Mountaineer Partners Management LLC (3.57%) and Geode Capital Management LLC (2.03%).

Shares of GEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that GE Vernova investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), McKesson (MCK), Charles Schwab (SCHW), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

Ex-Dividend for 1/28 Dividend
12/20/2024
Today
12/22/2024
Fiscal Year End
12/31/2024
Dividend Payable
1/28/2025

Industry, Sector and Symbol

Industry
Electronic, electrical equipment & components, except computer equipment
Sub-Industry
Electrical Equipment
Fax
N/A
Employees
80,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$314.35
High Stock Price Target
$420.00
Low Stock Price Target
$147.00
Potential Upside/Downside
-8.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
28 Analysts

Profitability

Net Income
$-438,000,000.00
Pretax Margin
4.97%

Debt

Sales & Book Value

Annual Sales
$34.42 billion

Miscellaneous

Free Float
N/A
Market Cap
$94.46 billion
Optionable
N/A
Beta
N/A
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This page (NYSE:GEV) was last updated on 12/22/2024 by MarketBeat.com Staff
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