GE Vernova (GEV) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GEV crossed above the 20-day moving average, suggesting a short-term bullish trend.
TRN, IMMR, KRP, MTZ and GEV have been added to the Zacks Rank #1 (Strong Buy) List on July 5, 2024.
GE Vernova's turnaround has been boosted by the best demand environment in the last 50 years. Despite modest revenue growth, GE Vernova is expected to drive EPS growth through margin gains and cost-cutting measures, with a potential 42% upside in stock price by 2025. Key to 20% plus cash flow growth is delivering on an EBITDA margin turnaround from 2% in 2023 to 10% in 2026.
The latest trading day saw GE Vernova (GEV) settling at $176.17, representing a -0.76% change from its previous close.
GE Vernova (GEV) concluded the recent trading session at $160.31, signifying a -1.95% move from its prior day's close.
Wall Street analysts believe the company's gas power business could positively surprise the market. GE Vernova looks set for rapid earnings and cash-flow expansion, but much of the optimism appears to be priced in.
Siemens Energy looks like a lot like GE Vernova, and trades at a big discount.
GE Vernova (GEV) closed the most recent trading day at $175.90, moving +0.47% from the previous trading session.