GE Vernova Inc (GEV) had an eventful movement with its
shares increasing by
4.46% on Mar 15. Despite a market fall, GEV's stock ascended due to influential factors. The company recently completed the
acquisition of gas turbine combustion parts business from
Woodward, Inc. Adding to that, the collaboration with
Amazon to support its data center expansion puts GEV in a strong position.
However, the recent drop in prices disappointed GEV's institutional investors. The company also grabbed attention when Billionaires considered it to be among the best stocks for investment. Even as a future-looking electric company and a data center player, GE Vernova lost -0.92% in stock movements. Signing an MoU with
PyroGenesis to replace fossil fuel combustion also kept the company in the limelight.
The stock opened at an all-time high with GEV affirming its outlook. Additionally, the company raises its multi-year financial outlook, initiates dividend and authorizes buyback. GEV recently announced the start of commercial operation in its 1.2 GW Pulau Indah Power Plant in Malaysia and plans to invest almost $600 million in U.S. factories and facilities over the next two years.
Ge Vernova GEV News Analytics from Thu, 12 Sep 2024 07:00:00 GMT to Sat, 15 Mar 2025 18:16:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -5
