GE Vernova's Gas Power unit gains momentum from AI-fueled energy demand, landing major turbine deals in Q1 2025.
GE Vernova (GEV) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
U.S. equities rose at midday as May consumer inflation came in lower than expected, and the U.S. and China reached a trade agreement. The Dow Jones Industrial Average, S&P 500, and Nasdaq all advanced.
The latest trading day saw GE Vernova (GEV) settling at $484.31, representing a -0.78% change from its previous close.
GE Vernova surges 47.5% YTD, driven by a series of positive developments, including a major Saudi turbine deal.
In the latest trading session, GE Vernova (GEV) closed at $472.98, marking a +0.38% move from the previous day.
Recently, Zacks.com users have been paying close attention to GE Vernova (GEV). This makes it worthwhile to examine what the stock has in store.
GE Vernova Inc. is experiencing robust backlog and order growth, driven by surging demand for gas turbines to power data centers and global energy needs. Management is aggressively expanding gas turbine capacity beginning in e2h26 as demand for natural gas turbines expands in support of industrial and data center power needs. Management is accelerating cost reductions in order to mitigate tariff risk, targeting $2-2.5B in free cash flow for FY25 and strong margin improvement.
Staying invested in both GEV and SMNEY should be beneficial. Yet, given GEV's stronger ROE, it might be a better choice for your portfolio.
GE Vernova (GEV) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Susquehanna analyst Charles Minervino raised his GE Vernova price target to a Street-high $499 on Wednesday.
Investors interested in GEV stock should wait for a better entry point, considering its premium valuation.