GE Vernova (GEV) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $234.00 to $241.52
• 50-Day Range: $160.00 to $238.57
• 52-Week Range: $115.00 to $241.52
• Volume: 3.25 million shs
• Average Volume: 3.82 million shs
• Market Capitalization: $64.58 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $217.64
• Consensus Rating: Moderate Buy

GE Vernova Stock Analysis - MarketRank™

GE Vernova scored higher than 63% of companies evaluated by MarketBeat, and ranked 162nd out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

GE Vernova has received a consensus rating of Moderate Buy. The company's average rating score is 2.95, and is based on 16 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

GE Vernova has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 100.33%

Earnings Growth

Earnings for GE Vernova are expected to grow by 100.33% in the coming year, from $3.02 to $6.05 per share.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.70% 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 1.6, 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 20.67%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

GE Vernova does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.70% 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 1.6, 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 20.67%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.78

News Sentiment

GE Vernova has a news sentiment score of 0.78. 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 is a higher news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 54 news articles for GE Vernova this week, compared to 12 articles on an average week.

Search Interest

41 people have searched for GEV on MarketBeat in the last 30 days. This is an increase of 28% compared to the previous 30 days.

MarketBeat Follows

19 people have added GE Vernova to their MarketBeat watchlist in the last 30 days. This is an increase of 6% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, GE Vernova insiders have not sold or bought any company stock.

GEV Stock Analysis - Frequently Asked Questions

How have GEV shares performed this year?

GE Vernova's stock was trading at $137.34 on January 1st, 2024. Since then, GEV shares have increased by 71.6% and is now trading at $235.63.
View the best growth stocks for 2024 here.

How were GE Vernova's earnings last quarter?

GE Vernova Inc. (NYSE:GEV) announced its quarterly earnings results on Wednesday, July, 24th. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to analyst estimates of $8.42 billion.

Who are GE Vernova's major shareholders?

Top institutional investors of GE Vernova include Newport Trust Company LLC (1.38%), Bank of New York Mellon Corp (1.14%), Marshall Wace LLP (0.85%) and Legal & General Group Plc (0.62%).

How do I buy shares of GE Vernova?

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.

Company Calendar

• Last Earnings: 7/24/2024
• Today: 9/18/2024
• Next Earnings (Confirmed): 10/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electronic, electrical equipment & components, except computer equipment
• Sub-Industry: Electrical Equipment
• Current Symbol: NYSE:GEV
• Previous Symbol: NYSE:GEV
• CUSIP: N/A
• CIK: 1996810
• Web: www.gevernova.com
• Phone: 617-674-7555
• Fax: N/A
• Employees: 80,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $217.64
• High Stock Price Target: $300.00
• Low Stock Price Target: $147.00
• Potential Upside/Downside: -7.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.95
• Research Coverage: 21 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.06
• Quick Ratio: 0.74

Sales & Book Value

• Annual Sales: $33.76 billion
• Price / Sales: 1.91
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 274,086,000
• Free Float: N/A
• Market Cap: $64.58 billion
• Optionable: N/A
• Beta: N/A