Latest news with #Vernova
Forbes
21-07-2025
- Business
- Forbes
Why Has GE Vernova Stock Moved 68%?
Photo illustration byGE Vernova (NYSE: GEV) is experiencing significant momentum. Since it emerged as an independent energy entity in early 2024, its stock has soared nearly 68% year-to-date. This performance isn't merely strong—it far surpasses market expectations, crushing the S&P. So, what is driving this impressive surge? At its essence, GE Vernova is benefiting from a robust energy infrastructure supercycle. With the rapid expansion of AI data centers, electrification, and grid developments, there is a pressing need for infrastructure—and Vernova's gas turbines, grid technology, and renewable energy solutions are central to this growth. The firm has reported a significant increase in turbine orders, and its backlog has now surpassed $120 billion. This demand is not just busy—it signifies a booked-out-for-years scenario. With the AI boom also playing a role, it becomes clear why major investors are investing heavily. Although GEV stock has shown volatility, if you're looking for potential rewards with less fluctuation than individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and generated returns of over 91% since its launch. When GE separated into distinct companies, Vernova was perceived as the more industrial, slower-growing counterpart. However, that perception has quickly changed. The company has strengthened its balance sheet, enhanced profit margins, and demonstrated impressive execution under its new leadership. What's Ahead? All attention is focused on the Q2 earnings report (scheduled for July 23), with expectations soaring. If Vernova continues to exceed projections and demonstrate solid profitability, the upward trend could persist. The AI energy boom shows no signs of fading—and Vernova's turbines are right at the heart of the action. High Quality (HQ) Portfolio, which includes a selection of 30 stocks, boasts a history of comfortably outperforming the S&P 500 over the past four years. Why does this happen? As a collection, HQ Portfolio stocks have yielded superior returns with reduced risk compared to the benchmark index; resulting in a smoother experience, as demonstrated by HQ Portfolio performance metrics. Invest with Trefis Market-Beating Portfolios Explore all Trefis Price Estimates
Boston Globe
10-06-2025
- Business
- Boston Globe
The 2025 Tech Power Players in the sustainability sector
The choice of Cambridge puts Vernova near MIT and at the center of a leading clean-energy cluster as Strazik, its CEO, pursues a bold future for the company. Already, Vernova has made a Strazik sees opportunities to bring the best ideas of clean-tech startups into mass production and get their inventions into the hands of big customers. Advertisement 'We're in a better position to play offense than we were even 12 months ago,' Strazik says. 'Now we're in a position of strength.' Strazik, 46, led Vernova specializes in three lines of business: power generation (natural gas, steam, and nuclear); wind turbines; and electrification (primarily grid infrastructure such as transformers and circuit breakers). Revenues are expected to reach as high as $37 billion this year and grow to $45 billion in 2028. Vernova sustained a setback last summer when a blade for the Vineyard Wind offshore project broke apart and debris washed up on nearby beaches. The company is working with the wind farm developer to replace blades at the site and complete the project. Advertisement Investors are bullish on Vernova because electricity demand is forecast to grow. Tech companies will need more and bigger data centers to advance artificial intelligence. Consumers will use more power for electric vehicles, heat pumps, and induction stoves. Governments and companies will rely on electricity to move closer to net-zero carbon goals. In Canada, for example, Vernova is building the next generation of smaller, safer nuclear reactors. At Vernova labs in Niskayuna, New York, scientists are working on technologies to capture carbon emissions from power generators. 'It's very easy to get up in the morning and very clearly see the impact that our work can have,' Strazik says. 'It just feels like our time. That's a privilege but it's one we need to manage carefully.' More tech power players to watch in the sustainability sector: Explore more sectors Jon Chesto can be reached at
Yahoo
23-05-2025
- Business
- Yahoo
Was Jim Cramer Right About GE Vernova Inc. (GEV)?
We recently published a list of . In this article, we are going to take a look at where GE Vernova Inc. (NYSE:GEV) stands against other stocks that Jim Cramer discusses. Back in 2024, on May 15, Mad Money's Jim Cramer discussed the latest piece of GE's breakup, expressing optimism about GE Vernova Inc. (NYSE:GEV), especially given rising demand for natural gas. 'GE Vernova is up 18%. You know, I think this Vernova — which is really natural gas — it's got a lot of room to run. The data centers need a lot of natural gas. Utilities.' A home-run prediction as it surged 157.25%, easily making it one of his best calls this year. Copyright: bee32 / 123RF Stock Photo GE Vernova Inc. (NYSE:GEV) has become a clean energy standout with its natural gas and renewables exposure powering recent investor interest. Here's what Cramer said about the stock in late April: 'I have . .GE Vernova and I've got Vertiv on tonight. . the CEOs. And I just want to say that there's been a lot of what I regard as misinformation about the data centers slowing. And both, when you read the Vertiv notes, like forget it, the business is on fire. When you speak to Scott, Scott Strazik who's the CEO of GE Vernova, he would tell you that the hyperscalers like to play. Like they put some here, they wanna put there, and they talk about doing this, talk about that. But in the end the orders are up and that anyone who thinks that the hyperscalers are scaling back, frankly, is just, not telling the truth.' Overall, GEV ranks 9th on our list of stocks that Jim Cramer discusses. 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 AI stock that is more promising than GEV and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
