GE Vernova (NYSE:GEV) recently split from
General Electric and has witnessed volatile trading since its separation. The initial post-split performance showed a loss, resulting into
stock prices dipping by
0.9% and then bouncing back slightly to trade up to
0.5% higher. The split was denoted as GE's power business recovering, showing a potential multi-year pathway to profitability.
Analyst upgrades from JPMorgan and Goldman Sachs were received positively, propelling the stock slightly higher. Investors are urged to consider underpriced
mini-tender offers cautiously.
New coverage has begun from various analysts including from Melius and Mizuho Securities, who recommend a 'Buy' rating proclaiming GEV as an
'energy transition powerhouse'. The stock will join the
S&P 500 index next week. The
financial results for the first quarter of 2024 will be announced on April 25 with potential
unusual options activity on April 30. Investors are reminded of the split details and warned of potential investment risks.
Ge Vernova GEV News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Sun, 19 May 2024 08:59:13 GMT -
Rating 3
- Innovation -2
- Information 5
- Rumor 0
