GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback
GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.
GE Vernova Backs FY Revenue View; Raises Multi-Year Outlook
For 2024, the energy company still expects revenue between $34 billion and $35 billion. Analysts polled by FactSet expect $35 billion in revenue. Looking ahead, GE Vernova raised its multi-year organic revenue growth view to high-single digits by 2028,
Mizuho Securities analyst Maheep Mandloi has reiterated their bullish stance on GEV stock, giving a Buy rating yesterday.Pick the best stocks ...
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GE 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. Monitor these key chart ...
GE Vernova Inc. has signed multiple contracts to sell natural gas turbines for data centers that will use enough power to ...
GE Vernova's small modular reactor, BWRX-300, could play a role in developing more nuclear power over the next decade. The ...
Weakness in the wind segment has been offset by strong demand for GE Vernova's gas turbines and electrical grid equipment to ...
The head of GE Vernova Inc., which makes equipment for wind farms and gas-fired power plants, said electricity demand to run ...
GE Vernova forecasts around $45 billion in revenue and a 14% adjusted EBITDA margin by 2028, with plans to invest ...
GE Vernova Inc. has signed multiple contracts to sell natural gas turbines for data centers that will use enough power to light up major cities, the company’s top executive said.
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