7-May-2024
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GE Vernova to Announce First Quarter 2024 Financial Results on April 25
Business Wire (Thu, 18-Apr 8:00 AM ET)
GE Vernova Completes Spin-Off and Begins Trading on the New York Stock Exchange
Business Wire (Tue, 2-Apr 6:30 AM ET)
GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.
Ge Vernova trades on the NYSE stock market under the symbol GEV.
As of May 7, 2024, GEV stock price declined to $167.36 with 2,804,460 million shares trading.
GEV has a market cap of $45.54 billion. This is considered a Large Cap stock.
Last quarter Ge Vernova reported $7 billion in Revenue and -$.41 earnings per share. This fell short of revenue expectation by $-80 million and missed earnings estimates by -$.04.
The top ETF exchange traded funds that GEV belongs to (by Net Assets): SPY, IVV, XLI, RSP, IWD.
GEV support price is $162.70 and resistance is $175.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GEV stock will trade within this expected range on the day.