Latest news with #ScottStrazik
Yahoo
27-07-2025
- Business
- Yahoo
GE Vernova Inc. (GEV) Is The Only One With The Power, Says Jim Cramer
We recently published . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed. GE Vernova Inc. (NYSE:GEV) is a power generation products provider that has primarily been in the news recently due to its exposure to nuclear power and the resulting catalysts from the AI data center build out. The firm's shares have gained 86% year-to-date and jumped by a strong 14.6% in July. GE Vernova Inc. (NYSE:GEV)'s shares gained after it raised annual forecasts during its second quarter earnings. Cramer's been a long-time fan of the stock, and he shared why: 'Well I'm so glad you brought it up because I've got to tell you I spoke to Scott Strazik this morning from GE Vernova. Look, you may have trouble getting GPUs, from Jensen, try to get the power, from GE Vernova, which is the only one who really has any. I mean, David, the backlog. Look he's talking every day to Amazon, he talks to, well actually to every hyperscaler, but ones that are top of mind is Microsoft. David, there's just not enough power. There's not enough power. Previously, the CNBC TV host commented on GE Vernova Inc. (NYSE:GEV)'s earnings report before it was released: 'No, I think at this point, we're going to wait for GE Vernova to come in. We had a great club meeting on Friday, and I really just kind of hang my head in shame that I didn't even buy more, but there's nothing to do. This thing is such a horse. It's just been a parabolic move, up 70%. We're going to get a report… next week. Maybe what we say is, let's hear what they have to say.' While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
27-07-2025
- Business
- Yahoo
GE Vernova Inc. (GEV) Is The Only One With The Power, Says Jim Cramer
We recently published . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed. GE Vernova Inc. (NYSE:GEV) is a power generation products provider that has primarily been in the news recently due to its exposure to nuclear power and the resulting catalysts from the AI data center build out. The firm's shares have gained 86% year-to-date and jumped by a strong 14.6% in July. GE Vernova Inc. (NYSE:GEV)'s shares gained after it raised annual forecasts during its second quarter earnings. Cramer's been a long-time fan of the stock, and he shared why: 'Well I'm so glad you brought it up because I've got to tell you I spoke to Scott Strazik this morning from GE Vernova. Look, you may have trouble getting GPUs, from Jensen, try to get the power, from GE Vernova, which is the only one who really has any. I mean, David, the backlog. Look he's talking every day to Amazon, he talks to, well actually to every hyperscaler, but ones that are top of mind is Microsoft. David, there's just not enough power. There's not enough power. Previously, the CNBC TV host commented on GE Vernova Inc. (NYSE:GEV)'s earnings report before it was released: 'No, I think at this point, we're going to wait for GE Vernova to come in. We had a great club meeting on Friday, and I really just kind of hang my head in shame that I didn't even buy more, but there's nothing to do. This thing is such a horse. It's just been a parabolic move, up 70%. We're going to get a report… next week. Maybe what we say is, let's hear what they have to say.' While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Bloomberg
25-07-2025
- Business
- Bloomberg
Stock Movers: Chipotle, GE Vernova, Texas Instruments
On this episode of Stock Movers: - Chipotle (CMG) shares plunged after cutting its annual outlook for the second time this year, suggesting that honey chicken and burrito giveaways haven't been enough to offset a traffic slump that the company attributed to economic anxiety. Sales at established restaurants are now expected to be about flat for the full year, the company said Wednesday. It previously forecast the metric would expand by a low-single digit. The shares tumbled as much as 14% during trading on Thursday, their biggest intraday drop since March 2020. The stock was down 12% this year through Wednesday's close, among the worst performers in US restaurants. - GE Vernova (GEV) shares rose on new it increased its sales of transformers and other electrical equipment to big tech firms building large data centers. That's helped the company boost its total sales of electrical equipment to about $500 million in the first half of the year, compared with $600 million for all of 2024, Chief Executive Officer Scott Strazik said in an interview on Wednesday. 'We're accelerating our direct selling with the hyperscalers,' he said. The demand for power is surging to levels not seen in decades, driven by data centers, new factories and the overall electrification of the economy. That has increased investor interest in everything to do with electricity and has bolstered GE Vernova, which raised its 2025 guidance on Wednesday as it reported second-quarter earnings. - Texas Instruments (TXN), a key chipmaker for producers of cars and factory equipment, tumbled after stoking fears that a tariff-fueled surge in demand will be short-lived. Though the company issued a third-quarter forecast on Tuesday that beat most estimates, the outlook was more guarded than some investors had anticipated. The stock fell further during a conference call, when executives struggled to win over analysts who said the company's tone had become increasingly negative. The main concern is whether tariffs and trade disputes will hurt a sales resurgence that's still in the early stages. While revenue jumped 16% last quarter, executives acknowledged that they didn't know how much of that came from tariff-related 'pull in' — customers making purchases to get out ahead of the levies.
Globe and Mail
23-07-2025
- Business
- Globe and Mail
Why GE Vernova Stock Soared Today
Key Points GE Vernova beat on sales and earnings this morning. The power equipment company spun off from General Electric a little more than one year ago. GE Vernova is hitting its stride and hitting its numbers, but its valuation looks extreme. 10 stocks we like better than Ge Vernova › Shares of GE Vernova (NYSE: GEV) stock, the power generation equipment division spun off from General Electric last year, reported powerful earnings this morning, boosting its stock 14.8% through 11:30 a.m. ET. Analysts forecast GE Vernova would earn $1.50 per share on $8.8 billion in Q2 sales. Instead, the company reported a profit of $1.88, and sales of $9.1 billion. GE Vernova Q2 earnings Given the distortions caused by last year's spinoff, comparing this year's Q2 results and last year's is hard. Still, sales grew 11%, and this suggests the business did well, despite earnings declining 60% and free cash flow falling more than 76% to $194 million. Management noted it took in $12.4 billion in new orders in the quarter, making for a 1.4 book-to-bill ratio that foreshadows strong sales growth ahead. CEO Scott Strazik claims the company can "continue to accelerate our growth and margin expansion from here." Is GE Vernova stock a buy? Strazik raised guidance for revenue, profit margin, and free cash flow expectations for the year. Revenue is now expected to come in close to $37 billion in 2025 with adjusted EBITDA margins between 8% and 9%. Free cash flow, previously predicted between $2 billion and $2.5 billion, could now reach from $3 billion to $3.5 billion, says management -- potentially 30% better than the company's $2.7 billion trailing FCF number. Still, at the low end of guidance this would value the stock at close to 50 times FCF -- and nearly 43 times even at the high end of guidance. Even with 30% growth, that's kind of a stretch. I realize I'm in the minority today, but I won't be buying GE Vernova stock at these kinds of prices. Should you invest $1,000 in Ge Vernova right now? Before you buy stock in Ge Vernova, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Ge Vernova wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Yahoo
23-07-2025
- Business
- Yahoo
Why GE Vernova Stock Soared Today
Key Points GE Vernova beat on sales and earnings this morning. The power equipment company spun off from General Electric a little more than one year ago. GE Vernova is hitting its stride and hitting its numbers, but its valuation looks extreme. 10 stocks we like better than Ge Vernova › Shares of GE Vernova (NYSE: GEV) stock, the power generation equipment division spun off from General Electric last year, reported powerful earnings this morning, boosting its stock 14.8% through 11:30 a.m. ET. Analysts forecast GE Vernova would earn $1.50 per share on $8.8 billion in Q2 sales. Instead, the company reported a profit of $1.88, and sales of $9.1 billion. GE Vernova Q2 earnings Given the distortions caused by last year's spinoff, comparing this year's Q2 results and last year's is hard. Still, sales grew 11%, and this suggests the business did well, despite earnings declining 60% and free cash flow falling more than 76% to $194 million. Management noted it took in $12.4 billion in new orders in the quarter, making for a 1.4 book-to-bill ratio that foreshadows strong sales growth ahead. CEO Scott Strazik claims the company can "continue to accelerate our growth and margin expansion from here." Is GE Vernova stock a buy? Strazik raised guidance for revenue, profit margin, and free cash flow expectations for the year. Revenue is now expected to come in close to $37 billion in 2025 with adjusted EBITDA margins between 8% and 9%. Free cash flow, previously predicted between $2 billion and $2.5 billion, could now reach from $3 billion to $3.5 billion, says management -- potentially 30% better than the company's $2.7 billion trailing FCF number. Still, at the low end of guidance this would value the stock at close to 50 times FCF -- and nearly 43 times even at the high end of guidance. Even with 30% growth, that's kind of a stretch. I realize I'm in the minority today, but I won't be buying GE Vernova stock at these kinds of prices. Do the experts think Ge Vernova is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Ge Vernova make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,034% vs. just 180% for the S&P — that is beating the market by 853.75%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Ge Vernova. The Motley Fool has a disclosure policy. Why GE Vernova Stock Soared Today was originally published by The Motley Fool Sign in to access your portfolio
