Among recent notable events for bio-tech company GE Vernova (GEV), analysts have handed it 2025 'Top Pick' status and are watching its progress closely in the AI Data Center sphere. The company highlights focus on sustainability with AI hyperscalers and is reportedly maintaining 2024 guidance and raising 2025 revenue view, though still below consensus. It has seen impressive 49% gains in the last three months, and projected steady growth, but also noted challenges in its wind segment.
In surprising moves, it has announced first dividend after a huge stock rally, initiated a significant multi-year financial outlook, authorized buyback, and even launched an ambitious plan targeting $45B Revenue, $6B Buyback coupled with a dividend launch. However, the struggling offshore wind industry may cause more trouble for GE Vernova. Stocks have been moving rapidly with some investors increasing their stakes. Analysts seem optimistic with Multi-Fold Price Target Raises and Neutral to Outperform ratings given to GE Vernova. The company also recently secured a €350 Million French Power-Grid Order. But bears have noted concerns in the offshore wind industry as data centers are favoring gas.
Ge Vernova GEV News Analytics from Sat, 28 Sep 2024 07:00:00 GMT to Sat, 14 Dec 2024 14:10:50 GMT - Rating 7 - Innovation 8 - Information 8 - Rumor 4
