GE Healthcare, Vernova, and Aerospace stocks take a hit from China's retaliatory tariffs, while
GE Vernova, a budding AI Electronics company, retains its buy rating despite a price target cut. The company is expected to supply turbines by 2026 for a
natural gas power plant in Pennsylvania, depicting its commitment towards a digitally-driven future in energy. The company is predicted to grow its revenue due to increasing electricity demand and stands to gain through its participation in the
$10B Green Energy Transformation. Besides, the company has got a nod of approval from Susquehanna and was highlighted in Zacks investment ideas.
GE Vernova also made significant moves by completing the acquisition of
gas turbine combustion parts business from Woodward, Inc. A partnership has also been signed with MIT for Energy Technologies and the company has raised its multi-year financial outlook. Despite the minor stock price dip, the long-term prospects for the company look bullish, as it is well-positioned to benefit from growing demand for AI-optimized energy solutions and is looking to invest about $600M in US facilities.
Ge Vernova GEV News Analytics from Mon, 18 Nov 2024 08:00:00 GMT to Sat, 05 Apr 2025 14:24:00 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -2
