GE Vernova Stock Opens at All-Time High as Energy Company Affirms Outlook

GE Vernova (GEV) shares opened at a new record high Wednesday even though the energy company reporting worse-than-expected fourth-quarter results. The company reported net income of $484 million, or $1.73 per share, on revenue of $10.56 billion. Analysts polled by Visible Alpha expected a profit of $634.5 million, or $2.30 per share, on revenue of $10.74 billion. GE Vernova's wind segment reported earnings before interest, taxes, depreciation and amortization (EBITDA) of just $19 million, with the segment ...