In the most recent trading session, GE Vernova (GEV) closed at $255.48, indicating a +1.57% shift from the previous trading day.
While investors are focused on technology stocks reaping from the booming artificial intelligence (AI) sector, a market strategist has identified an outsider equity likely to benefit from the AI wave.
GE Vernova (NYSE: GEV) stock price has done well as an independently traded company. It has surged for three consecutive weeks, reaching a record high of $254, which is about 122% above the lowest point this year.
Energy equipment maker GE Vernova said on Thursday it planned to slash the size of its struggling offshore wind business, a move that could cut 900 jobs around the world.
GE Vernova (GEV) shares will likely remain on watchlists Wednesday after jumping more than 3% yesterday to set a new record high following favorable coverage from leading investment banks.
GE Vernova (GEV) stock rose for the seventh consecutive session Tuesday as analysts at Barclays said the company is a "likely benefactor" of increasing demand for electricity in the U.S. and worldwide.
GE Vernova Inc. GEV shares are trading higher after BofA Securities analyst Andrew Obin upgraded the stock from Neutral to Buy and raised its price target from $200 to $300.
GE Vernova (GEV) concluded the recent trading session at $229.93, signifying a +1.92% move from its prior day's close.
GE Vernova's stock pulled an intraday U-turn to trade at fresh highs on Thursday, after the renewable-energy company trimmed its outlook for third-quarter profitability but affirmed its full-year outlook.
Evercore analyst James West sees opportunities in companies working to address some of the issues facing the electrical industry, including the extreme stress on the power grid.
GE Vernova (GEV) concluded the recent trading session at $198.44, signifying a -0.6% move from its prior day's close.
GE Vernova (GEV) shares rose Wednesday as the power company received a "buy" rating from Jefferies analysts, who said the company is "uniquely positioned" to benefit from the surging demand for power across the globe to power facilities like data centers.