Latest news with #GEVernova
Yahoo
21 hours ago
- Business
- Yahoo
GE Vernova (GEV) Increases Despite Market Slip: Here's What You Need to Know
The most recent trading session ended with GE Vernova (GEV) standing at $472.98, reflecting a +0.38% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.01%. At the same time, the Dow added 0.13%, and the tech-heavy Nasdaq lost 0.32%. The the stock of the energy business spun off from General Electric has risen by 23.25% in the past month, leading the Oils-Energy sector's gain of 2.31% and the S&P 500's gain of 6.43%. The upcoming earnings release of GE Vernova will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 121.13% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $8.76 billion, up 6.79% from the prior-year quarter. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $7.16 per share and a revenue of $37.17 billion, indicating changes of +28.32% and +6.39%, respectively, from the former year. Investors should also take note of any recent adjustments to analyst estimates for GE Vernova. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.26% lower. Currently, GE Vernova is carrying a Zacks Rank of #3 (Hold). In terms of valuation, GE Vernova is presently being traded at a Forward P/E ratio of 65.84. This indicates a premium in contrast to its industry's Forward P/E of 19.38. It's also important to note that GEV currently trades at a PEG ratio of 3.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 2.58 based on yesterday's closing prices. The Alternative Energy - Other industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 143, positioning it in the bottom 43% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Vernova Inc. (GEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Shafaq News
2 days ago
- Business
- Shafaq News
Iraq, GE Vernova advance plans for 24 GW power expansion
Shafaq News/ On Thursday, Iraq and US-based GE Vernova discussed the construction of modern power plants across Iraq with a total capacity of 24,000 megawatts. According to a statement from the Ministry of Electricity's media office, Minister Ziad Fadel underscored the importance of the partnership, stressing the need to adhere to implementation timelines and uphold high technical and environmental standards throughout project execution. Both sides reviewed potential sites for the new plants, with emphasis on geographic distribution and regional consumption needs to ensure maximum utility and grid efficiency, the statement said. They also discussed plans to rehabilitate and expand the Al-Musayyib and Mansuriyah power stations—two critical nodes in Iraq's national grid. The upgrades are expected to enhance generation capacity and improve reliability. The talks also addressed long-term maintenance operations, which GE Vernova is currently conducting at several existing power stations. Comparable deals have been reached with Siemens Energy and France's TotalEnergies to boost power generation and curb emissions by capturing flared gas. Iraq has long depended on electricity and gas imports from Iran to meet demand, but those supplies have often been disrupted by US sanctions and regional instability—underscoring the need to strengthen domestic energy infrastructure.
CNBC
2 days ago
- Business
- CNBC
Jim Cramer says a rare dip in our newest stock may be a buy for new investors
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. The S & P 500 was modestly higher Thursday. While cheering Nvidia 's strong earnings and 5% rally in the stock, investors were cautious in the face of new trade policy uncertainty. That uncertainty stems from Wednesday night's ruling by the U.S. Court of International Trade that President Donald Trump does not have the authority to impose his "reciprocal" tariffs. Jim Cramer said the ruling gives countries looking to cut a trade deal with the U.S. some breathing room to wait for a Supreme Court decision. Jim thinks the nation's highest court could side with the trade court. Following Nvidia and Salesforce earnings Wednesday evening, quarterly results from fellow Club name Costco will be our focus after the closing bell. The company does report sales on a monthly basis, so that part is well understood. The question is what do margins look like in an evolving tariff environment? Jim said he wouldn't be surprised if Costco shares were to trade lower following Thursday evening's quarterly numbers. However, he said that, like Club holding TJX , which fell after its earnings but is now coming back, Costco could follow a similar pattern. Jefferies downgraded GE Vernova , our newest stock, to a hold from buy. It was a valuation call after shares surged to record highs. Out of respect for the rally, we downgraded GE Vernova to our hold-equivalent 2 rating on Tuesday. We did, however, raise our price target to $500 per share. Jefferies analysts boosted theirs even higher to $517. GE Vernova shares dropped more than 3% on Thursday after eight straight higher sessions. Jim said this may be a chance to buy for investors looking to start a position because it's been straight up since we initiated it about two weeks ago. Stocks covered in Thursday's rapid fire at the end of the video were: e.l.f. Beauty , Burlington Stores , HP Inc. , and SentinelOne . (Jim Cramer's Charitable Trust is long NVDA, CRM, GEV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
2 days ago
- Business
- Yahoo
GE Vernova Inc. (GEV) is Attracting Investor Attention: Here is What You Should Know
GE Vernova (GEV) has recently been on list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this the energy business spun off from General Electric have returned +30.8%, compared to the Zacks S&P 500 composite's +6.7% change. During this period, the Zacks Alternative Energy - Other industry, which GE Vernova falls in, has gained 17%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. GE Vernova is expected to post earnings of $1.57 per share for the current quarter, representing a year-over-year change of +121.1%. Over the last 30 days, the Zacks Consensus Estimate has changed +8.9%. The consensus earnings estimate of $7.16 for the current fiscal year indicates a year-over-year change of +28.3%. This estimate has changed -0.3% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $11.26 indicates a change of +57.3% from what GE Vernova is expected to report a year ago. Over the past month, the estimate has changed -0.6%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for GE Vernova. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth. For GE Vernova, the consensus sales estimate for the current quarter of $8.76 billion indicates a year-over-year change of +6.8%. For the current and next fiscal years, $36.98 billion and $40.44 billion estimates indicate +5.9% and +9.4% changes, respectively. GE Vernova reported revenues of $8.03 billion in the last reported quarter, representing a year-over-year change of +10.6%. EPS of $0.91 for the same period compares with -$0.41 a year ago. Compared to the Zacks Consensus Estimate of $7.54 billion, the reported revenues represent a surprise of +6.46%. The EPS surprise was +102.22%. Over the last four quarters, GE Vernova surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period. Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. GE Vernova is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about GE Vernova. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Vernova Inc. (GEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Jefferies cuts GE Vernova, says current share price 'adequately reflects premium'
-- Jefferies has downgraded GE Vernova (NYSE:GEV) to Hold from Buy, noting that the stock's valuation already prices in much of the optimism around the company's growth prospects. In a note to clients, the broker's analysts said the 'current price adequately reflects premium' on their above-consensus 2028 estimates. With GE Vernova trading at a 15% enterprise value (EV) to fiscal year 2028 (FY28) EBITDA premium compared to electric equipment peers, 'we no longer believe it is obvious that there is Power upside to the current valuation,' analysts led by Brian Russo noted. GE Vernova has been one of the top performers in the industrial space, with shares up more than 40% year-to-date and tripling since the IPO. However, Jefferies now sees a more balanced risk/reward following this re-rating. 'The run may not be over, but incremental multiple expansion could require long-dated visibility,' the analysts wrote. The brokerage raised its price target to $517 from $427, supported by stronger estimates for the Power segment. The updated target represents just 7% upside from the last close, making it the third-highest target among analysts tracked by Bloomberg. Jefferies' revised valuation continues to apply a 20% premium to peers on FY28 Power EV/EBITDA, reflecting GEV's leading position in the gas turbine market and anticipated service-driven margin expansion. Still, the analysts warned that 'it is difficult to justify higher relative premiums for more near-peak estimates.' Despite modeling Power segment margins reaching over 25% in the 2030s, the note flagged that the extent and durability of current pricing trends remain uncertain, especially beyond 2028. While long-term demand visibility is underpinned by electrification and data center trends, Jefferies analysts emphasized that 'there is just not as much upside implied by the current valuation.' They also said that small modular reactors (SMR) represent a promising, but longer-dated, opportunity. Related articles Jefferies cuts GE Vernova, says current share price 'adequately reflects premium' TSX lower after NVIDIA earnings and Trump tariff blockage JPMorgan: Macy's is a share gainer in a volatile consumer environment Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
