GE Vernova (GEV), a General Electric spinoff that's rapidly becoming a robust player in the energy market, is experiencing an all-time high. The stock price has ascended due to several reasons notably
Trump's Middle East dealmaking, and plans from the
Tennessee Valley Authority to construct a GE Vernova reactor. The growth is enthralling most analysts, including
Jim Cramer, who highly regards the company's progress. In addition to this, the company signed a
$15 billion deal to build small modular nuclear reactors in Canada, showing its capabilities of being a leading global power provider. GEV's other critical milestones are its
acquisition of a gas turbine combustion parts business from Woodward, Inc and the rise of its stock amid China's market sell-off. The firm saw a recent quarterly revenue increase from its strengths in power and electrification units and its steady dividend payment. JP Morgan and Wells Fargo maintain a bullish rating on the stock. However, the company's tariff costs due to an existing trade dispute could potentially affect its otherwise stable outlook.
Ge Vernova GEV News Analytics from Tue, 10 Dec 2024 08:00:00 GMT to Sat, 24 May 2025 08:21:56 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor 6
