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GE Vernova (NYSE: GEV) is a relatively new stock that has nearly doubled its value since it started trading in March. The stalwart American firm General Electric (NYSE: GE) spun it off, and it is now a $70 billion industrial company. Even after a massive price increase, several Wall Street analysts at big-name firms still see more room for the stock to run. So, what exactly does GE Vernova do, and is it a compelling investment? GE Vernova: Electrifying the World GE Vernova is a parts, maintenance, and technology provider to electricity generation facilities. The company works across many types of plants, including gas, nuclear, hydroelectric, steam, and wind power. It is a leader in this space, claiming that its installed base generates 30% of the world's electricity. The term "installed base" represents the total number of plant products currently in use, including gas and wind turbines. The company typically divides its revenues almost equally between its products and services. So far, in 2024, 42% of the company's revenue is attributable to its gas products and services. Wind accounts for 24%, and the company's electrification segment accounts for 22%. Nuclear accounts for just around 3% of revenue. The Power segment, which includes gas, hydro, nuclear, and steam, accounted for the vast majority of the company's profits. ...


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