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How Is GE Vernova Stock Performance Compared to Other Renewable Energy Stocks?
Yahoo Finance· 2025-12-08 15:02
Core Insights - GE Vernova Inc. (GEV) is a global energy company headquartered in Cambridge, Massachusetts, focusing on power, renewable energy, digital, and energy services [1] - The company operates through three segments: Power, Wind, and Electrification, with a market cap of approximately $171.9 billion [1][2] Company Performance - GEV is classified as a "large-cap" stock, reflecting its valuation of $10 billion or more, and is recognized for its leadership in renewable energy and power infrastructure [2] - The stock is currently 6.8% down from its 52-week high of $677.29, but has gained 81.4% over the past year and 91.9% year-to-date (YTD), outperforming the SPDR Kensho Clean Power ETF (CNRG) [3][4] - GEV has been trading above the 200-day moving average for the past year and mostly above the 50-day moving average, with some fluctuations [4] Market Dynamics - The stock has gained momentum in 2025 due to strengthening fundamentals and rising demand across multiple segments, particularly driven by the expansion of data centers and AI-powered infrastructure [5][6] - GE Vernova secured its first onshore wind repower contract outside the U.S. with Taiwan Power Company, indicating potential growth and reinforcing its global presence [5] Competitive Landscape - GEV's rival, Constellation Energy Corporation (CEG), has delivered 43.4% returns over the past year and 62.6% YTD, highlighting the competitive environment in the energy sector [6] Analyst Sentiment - The stock has a consensus rating of "Moderate Buy" from 28 analysts, with a mean price target of $681.96, suggesting an upside potential of 8.1% [7]