GE Vernova (GEV), a split from General Electric, has been experiencing fluctuating stock market trends. The company has faced issues with
turbine blade failure at an
offshore UK wind farm. However, the situation hasn’t deterred investment, with
HSBC initiating coverage on GEV with a
buy recommendation and entities like
Retirement Systems of Alabama and
Louisiana State Employees Retirement System acquiring significant stakes. Furthermore, the company’s
Q2 performance benefitted from an
increase in demand. Despite some setbacks, the overall sentiment for the stock remains positive, with brokers suggesting investment in GEV and
Raymond James & Associates holding a $32.88 million stake. The first_QUARTER OF 2024 has shown
margin expansion and
revenue growth, regardless of a
Q1 loss post-spinoff. Significant buy-ins have further occurred from
New York State Teachers Retirement System and
Swedbank AB, leading to a significant boost in the firm’s standings.
Ge Vernova GEV News Analytics from Thu, 29 Feb 2024 23:26:42 GMT to Sun, 25 Aug 2024 11:58:05 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor 3
