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GE Vernova (GEV) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-12-24 23:51
GE Vernova (GEV) closed the latest trading day at $347.29, indicating a +0.69% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.1%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, added 1.35%.The the energy business spun off from General Electric's stock has climbed by 4.85% in the past month, exceeding the Oils-Energy sector's loss of 10.32% and the S&P 500's gain of 0.22%.The investment community will be closely monitoring the pe ...
Here's Why GE Vernova (GEV) Gained But Lagged the Market Today
ZACKS· 2024-12-24 00:05
The most recent trading session ended with GE Vernova (GEV) standing at $344.92, reflecting a +0.66% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq added 0.98%.Shares of the the energy business spun off from General Electric have depreciated by 1.86% over the course of the past month, outperforming the Oils-Energy sector's loss of 9.2% and lagging the S&P 500's gain of 0.34%.Th ...
EE or GEV: Which Is the Better Value Stock Right Now?
ZACKS· 2024-12-23 17:46
Investors looking for stocks in the Alternative Energy - Other sector might want to consider either Excelerate Energy (EE) or GE Vernova (GEV) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphas ...
GE Vernova announces the first Caribbean H-Class order
Prnewswire· 2024-12-17 15:57
SANTO DOMINGO, Dominican Republic, Dec. 17, 2024 /PRNewswire-HISPANIC PR WIRE/ -- GE Vernova Inc. (NYSE: GEV) announced that it has secured an order to supply its Class H natural gas-fired combined cycle power generation equipment for Generadora San Felipe Limited's (GSF) 470 megawatt (MW) power plant in Punta Caucedo, Boca Chica, Dominican Republic. This project is GE Vernova's first H-Class gas turbine order in the Caribbean. It will contribute to implementation of the Dominican Republic's climate ambitio ...
GE Vernova Surges 44% in 3 Months: Should You Buy the Stock Now?
ZACKS· 2024-12-13 21:01
GE Vernova Inc. (GEV) shares have surged an impressive 43.5% in the past three months, outperforming the Zacks Alternative-Energy industry’s rise of 13.6% and the S&P 500’s return of 8.8%. The broader Zacks Oils-Energy sector has declined 6.2% in contrast. As a renowned renewable energy equipment and services provider, GE Vernova continues to ride on increasing electricity demand worldwide, along with enhanced adoption of renewable energy across industries.Image Source: Zacks Investment ResearchA similar st ...
Watch These GE Vernova Price Levels as Stock Jumps After Investor Update
Investopedia· 2024-12-12 00:51
Key TakeawaysGE Vernova shares gained 5% on Wednesday, one day after the energy equipment maker raised its long-term sales outlook, declared a dividend and announced a stock-buyback plan. The stock broke down below the lower trendline of an ascending triangle on Tuesday, but staged an intraday reversal to close back within the pattern today, potentially creating a bear trap.Investors should watch important overhead areas around $355 and $400, while also monitoring key support levels near $295 and $258. GE V ...
Why the Market Dipped But GE Vernova (GEV) Gained Today
ZACKS· 2024-12-05 23:51
The latest trading session saw GE Vernova (GEV) ending at $348.13, denoting a +1.27% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. On the other hand, the Dow registered a loss of 0.55%, and the technology-centric Nasdaq decreased by 0.18%.The the energy business spun off from General Electric's shares have seen an increase of 2.22% over the last month, not keeping up with the Oils-Energy sector's gain of 3.07% and the S&P 500's gain of 6. ...
GE Vernova (GEV) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2024-11-29 23:51
GE Vernova (GEV) closed the most recent trading day at $334.12, moving -0.36% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.56%. Elsewhere, the Dow saw an upswing of 0.42%, while the tech-heavy Nasdaq appreciated by 0.83%.Shares of the the energy business spun off from General Electric have appreciated by 11.16% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.4% and the S&P 500's gain of 3.11%.Investors will be eagerly ...
GEV: Room For Multiple Expansion
Seeking Alpha· 2024-11-14 10:25
GE Vernova (NYSE: GEV ) has been on a tear, doubling since its split from GE ( GE ). This is partly due to optimism that the electric energy demand scenario can drive revenue and partly dueExperience is difficult to learn. After 30 plus years of critically analyzing the nuts and bolts of businesses as diverse as airlines, oil, retail, mining to fintech and ecommerce plus the macro, monetary and political drivers. I continue to immensely enjoy learning and applying my experience to unravel, comprehend and be ...
GE Vernova, AWS Enhance Strategic Alliance: Time to Buy the GEV Stock?
ZACKS· 2024-11-13 17:21
GE Vernova Inc. (GEV) recently announced that it has signed an expanded multi-year Strategic Collaboration Agreement (“SCA”) with Amazon Web Services (AWS). This agreement is expected to benefit electric utilities and other energy companies. Notably, the SCA includes GEV’s Asset Performance Management and CERius software delivered in the AWS Cloud, which will help energy companies reform how they manage their asset and emissions data for addressing the industry-wide energy transition. This expanded strategi ...