Share buybacks are an important way that corporate management teams look to return value to their shareholders. Buying back stock decreases the number of outstanding shares a company has in the market.
GE Vernova (GEV) closed at $347.29 in the latest trading session, marking a +0.69% move from the prior day.
GE Vernova (GEV) concluded the recent trading session at $344.92, signifying a +0.66% move from its prior day's close.
Investors looking for stocks in the Alternative Energy - Other sector might want to consider either Excelerate Energy (EE) or GE Vernova (GEV). But which of these two stocks offers value investors a better bang for their buck right now?
Investors interested in renewable stocks should refrain from buying GEV right now, considering its premium valuation.
This top trader is eyeing two hot growth stocks as the bull market shows similarities to the dot-com run-up in the late 90s. The post Trader Up 900% In 11 Months Is Watching These Two Hot Growth Stocks Very Closely appeared first on Investor's Business Daily.
GE Vernova (GEV) shares jumped on Wednesday, one day after the energy equipment maker raised its long-term sales outlook.
The latest trading day saw GE Vernova (GEV) settling at $348.13, representing a +1.27% change from its previous close.
In the latest trading session, GE Vernova (GEV) closed at $334.12, marking a -0.36% move from the previous day.
GE Vernova has doubled since its GE split, driven by electric energy demand and a turnaround plan to boost EBITDA margins from 2% to 13% by 2027. The company's turnaround involves better pricing and productivity, with EPS projected to grow over 20% annually due to margin improvements. GEV is generating free cash flow, and a capital return policy announcement at the December Investor Day could further boost share value.
Investors interested in GEV should wait for a better entry point, considering its premium valuation. Yet, those who own it may continue to do so.
The S&P 500 has had an extraordinary year so far, with the S&P 500 ETF NYSE: SPY boasting a 25.31% return year-to-date, well above the market's average pace. Driving this surge are shifting monetary policies, the Federal Reserve's consecutive rate cuts, rapid advancements in AI and technology, and this week's almost 5% rally following Donald Trump's presidential election victory.