GE Vernova (GEV), General Electric's spinoff from aerospace-only unit recently completed a launch as a standalone public company. Despite the report of a loss during its first quarterly results, GEV expects a margin expansion as power demand ramps up. Morgan Stanley has already initiated the coverage for GEV with a 'Hold' rating. The stock has been seen to fluctuate, with it trading down by 4.4% and then going up by 9.7%. However, the overall trend appears bullish with recent analyst upgrades pushing GEV to a new 52-week high. In the midst of these developments, GE Vernova has also managed to secure a $300 million fund for the Arafura's Rare Earth Project. Though Goldman Sachs has positioned GE Vernova to take on the mission of electrification and decarbonization of the future, not all analysts have been optimistically outspoken about the future of GEV. Despite this, GEV has taken strides in its Q1 2024, with expanding margins amidst revenue growth.
Ge Vernova GEV News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Sun, 02 Jun 2024 08:52:59 GMT -
Rating 4
- Innovation 6
- Information 6
- Rumor 3
