Citi raised the firm's price target on GE Vernova to $437 from $361 and keeps a Neutral rating on the shares. Following the Q4 earnings, Citi continues to view GE Vernova as well positioned to benefit from growing power infrastructure related demand and ongoing self-help efforts that support good visibility to sales and earnings growth in 2025 and beyond. However, with the stock's valuation reflective of elevated growth expectations, GE's risk/reward is relatively balanced, the analyst tells investors in a research note.
GE Vernova (GEV) shares opened at a new record high Wednesday even though the energy company reporting worse-than-expected fourth-quarter results.
Sustainable energy giant GE Vernova (GEV 2.25%) reported fourth-quarter earnings on Wednesday, Jan. 22, that fell short of analysts' consensus estimates. Earnings per share (EPS) came in at $1.73, compared to an estimate of $2.30.
GE Vernova Inc. (NYSE:GEV ) Q4 2024 Earnings Conference Call January 22, 2025 7:30 AM ET Company Participants Michael Lapides - Vice President of Investor Relations Scott Strazik - Chief Executive Officer Ken Parks - Chief Financial Officer Conference Call Participants Andrew Percoco - Morgan Stanley Julian Mitchell - Barclays Mark Strouse - JPMorgan Nicole DeBlase - Deutsche Bank Andrew Obin - Bank of America Julien Dumoulin-Smith - Jefferies Andrew Kaplowitz - Citigroup Joe Ritchie - Goldman Sachs Moses Sutton - BNP Paribas Operator Good day, ladies and gentlemen and welcome to the GE Vernova's Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
GE Vernova (GEV) shares are falling in premarket trading Wednesday after the energy company reported worse-than-expected fourth-quarter results.
Energy transition and the nuclear energy standout GE Vernova GEV has skyrocketed 190% since its April 2024 IPO.
GE Vernova (GEV) is set to report earnings before the market opens Wednesday as the energy company approaches one year since General Electric completed its split into three separate companies.
GE Vernova stock price soared to a record high this week after a positive statement from Bank of America analysts who boosted their outlook.
Investors interested in GEV stock should refrain from choosing it right now, considering its premium valuation.
The latest trading day saw GE Vernova (GEV) settling at $366.81, representing a -0.08% change from its previous close.
Investors interested in Alternative Energy - Other stocks are likely familiar with Excelerate Energy (EE) and GE Vernova (GEV). But which of these two stocks presents investors with the better value opportunity right now?
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