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.

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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.

GE Vernova has doubled since its GE split, driven by electric energy demand and a turnaround plan to boost EBITDA margins from 2% to 13% by 2027. The company's turnaround involves better pricing and productivity, with EPS projected to grow over 20% annually due to margin improvements. GEV is generating free cash flow, and a capital return policy announcement at the December Investor Day could further boost share value.

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GE Vernova Inc. GEV shares are trading higher after several analysts raised the price targets on the stock following third-quarter earnings reported on Wednesday.

GE Vernova Gains Investor Confidence With Strong Revenue Outlook And Path To Higher Margins, Say Analysts

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GE Vernova Inc. GEV reported upbeat sales for the third quarter on Wednesday.

These Analysts Increase Their Forecasts On GE Vernova Following Q3 Results

GE Vernova Inc. (NYSE:GEV ) Q3 2024 Earnings Conference Call October 23, 2024 7:30 AM ET Company Participants Michael Lapides - Vice President of Investor Relations Scott Strazik - Chief Executive Officer Ken Parks - Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Nicole DeBlase - Deutsche Bank Andrew Percoco - Morgan Stanley Joe Ritchie - Goldman Sachs Julien Dumoulin-Smith - Jefferies Andrew Obin - Bank of America Andrew Kaplowitz - Citigroup Mark Strouse - JPMorgan Chris Dendrinos - RBC Capital Markets Operator Good day, ladies and gentlemen and welcome to the GE Vernova's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

GE Vernova Inc. (GEV) Q3 2024 Earnings Call Transcript

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Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of Fluence Energy, Inc. (FLNC) and GE Vernova (GEV). But which of these two stocks offers value investors a better bang for their buck right now?

FLNC vs. GEV: Which Stock Should Value Investors Buy Now?

GE Vernova (GEV) shares fell Wednesday morning after the energy company reported an unexpected loss, its second time in three quarters as a standalone company that it has posted an unprofitable period.

GE Vernova Stock Falls on Surprise Loss

GE Vernova earnings missed amid wind business woes, but the big energy play reaffirmed full-early guidance. GEV stock fell early Wednesday.

GE Vernova Earnings Miss On This Big Headwind

Power equipment maker GE Vernova reported higher third-quarter revenue on Wednesday as strong demand for power and electrification equipment and services helped offset weakness in the wind business.

GE Vernova posts higher Q3 revenue on power demand growth

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GE Vernova Vs. GE Healthcare: Betting On Power Or Medical Tech To Lead AI-Powered Future?

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GE HealthCare unveils new AI tools, but GE Vernova stock offers stronger growth potential

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This GE Vernova Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

Deutsche Bank analyst Nicole DeBlase launched coverage of GE Vernova stock with a Buy rating and a $354 price target.

GE Vernova Stock Can Rise 30%, Says a New Bull

GE Vernova (GEV) is scheduled to release earnings Wednesday morning, its third report since completing the split of General Electric into three standalone companies.

What You Need To Know Ahead of GE Vernova's Earnings Wednesday

GEV has a Zacks Rank #3 and an Earnings ESP of -20.30% at present, which do not indicate an earnings beat for the company this earnings season.

Should You Buy GE Vernova Stock Ahead of Q3 Earnings Report?

GE Vernova, spun off from GE, has shown impressive growth, rising 77.9% YTD, outperforming peers and the S&P 500 Index. CEO Scott Strazik's leadership and strategic focus on Power and Gas segments are crucial for future growth and profitability. Financial improvements include a significant cash balance increase and better working capital, though challenges remain in the offshore wind sector.

Full Steam Ahead: GE Vernova Inc. Skyrockets Forward

In the most recent trading session, GE Vernova (GEV) closed at $266.36, indicating a -1.17% shift from the previous trading day.

GE Vernova (GEV) Registers a Bigger Fall Than the Market: Important Facts to Note

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The latest trading day saw GE Vernova (GEV) settling at $262.54, representing a -1.15% change from its previous close.

GE Vernova (GEV) Suffers a Larger Drop Than the General Market: Key Insights

Investors interested in GEV should wait for a better entry point, considering its premium valuation. Yet, those who already have it in their portfolio may continue to do so.

News for GE Vernova LLC Stock (GEV)