GE Vernova LLC

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

GE Vernova reports robust Q2 results, raises 2024 guidance

GE Vernova's Q2 2024 Earnings Call showcased strong financial performance, highlighted by growth in Power segment orders and improved margins. Despite challenges in the Wind segment, the company remains focused on safety and quality while pursuing growth opportunities.

GE Vernova reports robust Q3 performance, eyes sustained growth

GE Vernova's Q3 2024 earnings call highlighted strong performance in Power and Electrification segments, with double-digit growth in orders and revenue.
The company reaffirmed its full-year guidance, emphasizing solid results, substantial free cash flow generation, and a commitment to sustainability and innovation.
Despite challenges in offshore wind, GE Vernova remains focused on maintaining financial strength, driving growth, and delivering long-term value for stakeholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

GE Vernova, Inc. is a electric power industry. Its products and services generate, transfer, orchestrate, convert, and store electricity. The firm operates through the following segments: Power, Wind and Electrification. The Power segment includes design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. The Wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. The Electrification segment includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. The Company was founded November 09, 2021 and is headquartered in Cambridge, Massachusetts.

General Electric

An incident at the Vineyard Wind offshore wind energy project this week that scattered shards of fiberglass across Massachusetts beaches was the latest in a series of failures involving wind turbines built by GE Vernova.

Vineyard Wind incident was not first time a GE Vernova wind turbine came apart

Shards of a broken offshore wind turbine blade from a GE Vernova project washed up on a Nantucket beach, closing it to the public.

GE Vernova Stock Is Plunging. A Broken Wind Blade Is Just One Reason Why.

Enphase Energy

First Solar

Stocks in the renewable-energy sector have performed miserably in the last few years. That's because the space's financial results have been weighed down by high interest rates and elevated inventory issues.

3 Renewable Energy Stocks to Buy Now: Q3 Edition

The latest trading day saw GE Vernova (GEV) settling at $176.70, representing a -1.69% change from its previous close.

GE Vernova (GEV) Declines More Than Market: Some Information for Investors

GE Vernova (GEV) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GEV crossed above the 20-day moving average, suggesting a short-term bullish trend.

GE Vernova (GEV) Recently Broke Out Above the 20-Day Moving Average

Immersion

Kimbell Royalty Partners

MasTec

Trinity Industries

TRN, IMMR, KRP, MTZ and GEV have been added to the Zacks Rank #1 (Strong Buy) List on July 5, 2024.

New Strong Buy Stocks for July 5th

Apple

Arista Networks

Broadcom

Monolithic Power Systems

NetApp

NVIDIA

Teradyne

Vistra Energy

CNBC's Jim Cramer on Friday analyzed stocks that helped the S&P 500 see significant gains this year so far, highlighting the top ten performers during the second quarter. Many of last quarter's winning companies are involved with energy and data centers.

Jim Cramer reviews 10 stocks leading the S&P 500 in the second quarter

GE Vernova is undergoing a continued lean manufacturing strategy and capitalizing on rising power demand to boost margin expansion. The Power and Electrification segments are driving revenue growth with their large installed base and backlog, while the Wind segment aims to turn profitable by 2025. Despite a high forward P/E ratio, GEV's revenue stream and strategic optimizations present a compelling investment opportunity with a 17.03% upside.

GE Vernova: Powering Up Profits In The Energy Sector

GE Vernova's turnaround has been boosted by the best demand environment in the last 50 years. Despite modest revenue growth, GE Vernova is expected to drive EPS growth through margin gains and cost-cutting measures, with a potential 42% upside in stock price by 2025. Key to 20% plus cash flow growth is delivering on an EBITDA margin turnaround from 2% in 2023 to 10% in 2026.

GE Vernova: Turnaround Made Easier By Increased Pricing Power

Coherent Corp

Micron Technology

Seagate Technology Holdings PLC

Triumph Group

Uber

None of our picks is Nvidia or Apple or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.

7 Best Stocks For Magnificent Earnings Growth Next Year

Ameresco

The International Energy Agency's Renewables 2023 report highlights the rapid expansion of renewable power capacity worldwide, which grew by 50% in 2023, led by China, Europe, the United States, and Brazil. Solar photovoltaic (PV) and wind accounted for most of this growth, emphasizing the significant potential of strong buy solar stocks.

Wall Street Favorites: 3 Solar Stocks With Strong Buy Ratings for June 2024

The latest trading day saw GE Vernova (GEV) settling at $176.17, representing a -0.76% change from its previous close.

GE Vernova (GEV) Stock Dips While Market Gains: Key Facts

Citi analyst Andrew Kaplowitz launched coverage of GE Vernova stock with a Hold rating and $183 price target.

GE Vernova Stock Gets a Neutral Rating. Electricity Demand Isn't Everything.

Wall Street analysts believe the company's gas power business could positively surprise the market. GE Vernova looks set for rapid earnings and cash-flow expansion, but much of the optimism appears to be priced in.

Here's Why GE Vernova Stock Soared in May

Energizer Holdings

Siemens Energy looks like a lot like GE Vernova, and trades at a big discount.

GE Vernova Stock Is on Fire. That Could Bode Well for This Peer.

American Superconductor

Symbotic Inc

Wall Street actually largely ignores and tremendously underestimates great stocks fairly frequently. And the phenomenon has become even more widespread than usual over the past few years.

Undiscovered Stocks Unleashed: 3 Names the Crowd Hasn't Caught Onto Yet

GE Vernova (GEV) closed the most recent trading day at $175.90, moving +0.47% from the previous trading session.

GE Vernova (GEV) Rises But Trails Market: What Investors Should Know

Here's an energy company that's old and new at the same time. I'm referring to General Electric (NYSE: GE ) spinoff company GE Vernova (NYSE: GEV ), which may catch the interest of investor looking for highflying stocks.

GE Vernova Stock Analysis: Why GEV Owners Should Take Profits Now

Eaton

Powell Industries

We're going to need a great deal of new electricity in order to provide power for all of the AI tools. In March, Tesla (NASDAQ: TSLA ) CEO Elon Musk stated that the U.S. would suffer electricity outages in 2025 because of the power consumption of AI.

3 Electrifying Electrical Equipment Stocks to Supercharge Your Portfolio

CAMBRIDGE, Mass--(BUSINESS WIRE)--GE Vernova Inc. (NYSE: GEV) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,000,000 shares of GE Vernova common stock, which represents approximately 0.4% of the shares outstanding, at a price of $155.00 per share in cash. TRC Capital's offer price is 7.39% less than the $167.36 closing price per share of GE Vernova's common stock on May 7, 2024, the last tradi.

GE Vernova Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Investment Corporation

NextEra Energy

Over the past few years, electricity usage in America has increased meaningfully for the first time in two decades. The firm expects that trend to continue going forward, driven by the proliferation of data centers, factories and electric vehicles.

Renewable Risers: 3 Stocks Set to Soar Amid the Electricity Demand Surge

General Electric is breaking up its conglomerate into more concentrated segments, including aerospace, healthcare, and power generation.

GE Vernova: Margin Expansion As Power Demand Ramps Up

GE HealthCare Technologies Inc

Wall Street has hiked the average price target for GE Aerospace stock in the latest stage of upbeat news for longtime investors.

GE Created $200 Billion in Stock-Market Value by Breaking Into Pieces

WisdomTree India Earnings Fund

GlaxoSmithKline

Few experts expect the U.S. Federal Reserve to raise interest rates this year. And Fed Chairman Jerome Powell still has not ruled out the possibility of the central bank cutting rates in 2024.

Forget the Fed. These 3 Stocks Will Soar No Matter What

GE Vernova (GEV) on Thursday posted a quarterly loss in its first earnings report since the separation of General Electric into three companies was completed earlier this month.

News for GE Vernova LLC Stock (GEV)