
GE Vernova is a leading provider of power conversion and power electronics solutions. It's a subsidiary of GE, one of the world's most recognizable companies.
The stock symbol for GE Vernova is not explicitly stated in the article, but we can look at its parent company, GE, for some insight. GE's stock symbol is GE.
In terms of outlook, GE Vernova is positioned to benefit from growing demand for renewable energy and electrification of transportation.
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Stock Performance
GE Vernova's stock performance has been impressive, especially in August when its earnings momentum picked up.
The company's stock soared in August, likely due to its building earnings momentum.
Here's a comparison of GE Vernova's return to the S&P's return over various time periods:
GE Vernova's return since its IPO has been significantly higher than the S&P's return over the same period.
Return vs. S&P
Let's take a closer look at the performance of Ge Vernova Return compared to the S&P.
The 1-year return for Ge Vernova Return is impressive, with a gain of +184% in just one year.
In contrast, the S&P has seen a 1-year return of +23.12%.
Over a 5-year period, the S&P has performed relatively well, with a gain of +87.27%.
However, Ge Vernova Return has far outpaced the S&P over the same time frame, with a gain of +184% since its IPO.
Here's a comparison of the two in a table format:
Misses Q4 Estimates
GE Vernova missed Q4 revenue estimates, reaffirming its 2025 outlook.
The company's fourth-quarter revenue fell short of analyst expectations, which might be concerning for investors. However, GE Vernova's management seems confident in its future growth prospects.
GE Vernova missed analyst expectations on fourth-quarter EPS, which could have a ripple effect on the company's stock performance.
Despite missing revenue and EPS estimates, GE Vernova maintained its guidance for the coming year, which is a positive sign for long-term investors.
Why Stock Soared in August
GE Vernova's stock soared in August due to its growing earnings momentum. This momentum is a key driver of stock performance.
The energy equipment company's earnings momentum is building, as seen in the article about GE Vernova. This means their financial results are improving over time.
GE Vernova's stock price increase in August was a notable event, and it's essential to understand the reasons behind it.
Analyst Insights
Analysts are expecting a significant turnaround for Ge Vernova, with an estimated growth rate of +197.56% year over year.
The average estimate for Ge Vernova's earnings is 0.40, based on 7 different analyst predictions.
The high and low estimates for Ge Vernova's earnings are 1.08 and 0.08, respectively, indicating a wide range of possible outcomes.
Ge Vernova's prior year earnings were -0.41, which will be a significant improvement if the current estimate holds true.
Here's a summary of the analyst estimates:
- Average Estimate: 0.40
- Number of Estimates: 7
- High Estimate: 1.08
- Low Estimate: 0.08
- Prior Year: -0.41
- Growth Rate Est. (year over year): +197.56%
Latest News:
GE Vernova has been making headlines lately, and for good reason. GE Vernova is investing $600 million over 2 years in its US plants.
This significant investment is a major boost for the company, and it's likely to have a positive impact on the stock. GE Vernova has also reached an agreement to power US data centers.
Morgan Stanley has taken notice of GE Vernova's growth potential, raising its price target to $400 from $367 and maintaining an Overweight rating. Wolfe Research has also adjusted its price target to $391 from $398, while maintaining an Outperform rating.
Here are some key updates on GE Vernova's stock:
GE Vernova's stock is definitely worth keeping an eye on, especially with all these positive updates.
News
The AI boom has sparked a power race, and Chevron Corp CVX, GE Vernova Inc GEV, and investment firm Engine No. 1 want in. CNBC's Pippa Stevens reports on news around energy stocks.
CNBC's Pippa Stevens is keeping an eye on the latest developments in the energy sector.
Financial Data
Ge Vernova's stock symbol is not explicitly mentioned in the article, but we can discuss its financial data.
The company's revenue is not publicly disclosed in the article.
Ge Vernova's financial performance is not evaluated in the article, but we can infer that it's a growing company, as mentioned in one of the sections.
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Misses EPS, Maintains 25 Outlook
GE Vernova missed analyst expectations on fourth-quarter EPS and revenue, but it maintained its guidance for the coming year.
The company's fourth-quarter EPS and revenue fell short of what analysts were expecting, which can be a significant setback for investors.
Maintaining its guidance for the coming year is a positive sign, as it shows that GE Vernova is still confident in its future performance.
This move suggests that the company is not letting a single quarter's performance dictate its overall outlook, which can be a sign of stability and resilience.
GE Vernova's decision to keep its guidance for 2025 intact may be a calculated move to reassure investors and maintain market confidence.
Keeping guidance intact can also give the company a clear direction and focus, which can be beneficial for long-term success.
Quarterly Revenue Surprise Rate
The Quarterly Revenue Surprise Rate is a key metric that measures the difference between a company's actual revenue and its predicted revenue. It's often a surprise to investors if a company's revenue is significantly different from what was expected.
The Quarterly Revenue Surprise Rate can be either positive or negative, depending on whether the company's revenue exceeded or fell short of expectations. In the United States, for example, the average quarterly revenue surprise rate for S&P 500 companies is around 3.5%.
A positive surprise rate can be a good sign for investors, indicating that a company's revenue is stronger than expected. However, a negative surprise rate can be a warning sign, suggesting that a company's revenue may be struggling.
One notable example of a company with a high positive surprise rate is Amazon, which has consistently exceeded revenue expectations in recent years.
Equity Overview
Ge Vernova's stock symbol, GERN, is part of the NASDAQ stock exchange.
The company is a biopharmaceutical firm that focuses on developing treatments for rare and serious diseases.
Ge Vernova's product pipeline includes Glibenclamide, a treatment for hypoglycemia, and Glibenclamide-ER, an extended-release version.
The company has a strong focus on research and development, with a dedicated team working to advance its pipeline.
Ge Vernova's financials are publicly available, showing a steady increase in revenue over the years.
Frequently Asked Questions
What is the symbol for GE Vernova?
The symbol for GE Vernova is GEV. It is listed on the NYSE.
How many shares of GE Vernova will I get today?
You won't receive any shares of GE Vernova today, as the distribution is based on shares held on March 19, 2024. The actual distribution will occur after that date, when the spin-off is completed.
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