GE Vernova Stock News

Susquehanna analyst Charles Minervino raised his GE Vernova price target to a Street-high $499 on Wednesday.

It's been a rough start for stocks in 2025, as major U.S. indices continue to trade in the red and underperform their international counterparts. Investors have had few places to hide outside of gold, but the energy sector has been one bright spot.

Innovative partnership provides clear path for Duke Energy to procure up to 11 American-produced GE Vernova natural gas turbines Partnership ensures Duke Energy will meet its customers' growing and evolving energy needs driven by economic development and AI growth CHARLOTTE, N.C. and CAMBRIDGE, Mass.

GE Vernova CEO Scott Strazik detailed the U.S.'s growing need for electricity in a Wednesday interview with CNBC's Jim Cramer. He said said the growth of the U.S.'s electric load is the largest since the industrial buildout that followed the end of the second world war.

Shares in gas turbine, wind power, and electrification company GE Vernova (GEV 4.55%) rose by as much as 10% in early morning trading, only to settle back into a mid-single-digit gain by noon ET. The move comes after its first-quarter 2025 earnings report demonstrated that plenty of life is left in the economy's electrification trend.

GE Vernova Inc. (NYSE:GEV ) Q1 2025 Results Conference Call April 23, 2025 7:30 AM ET Company Participants Michael Lapides - Vice President of Investor Relations Scott Strazik - Chief Executive Officer Ken Parks - Chief Financial Officer Conference Call Participants Nicole DeBlase - Deutsche Bank Mark Strouse - JPMorgan Joe Ritchie - Goldman Sachs Chris Dendrinos - RBC Capital Markets Andrew Pe...

Shares of GE Vernova Inc. charged higher Wednesday after the power and renewable-energy company said it is holding firm with its full-year financial outlook, even though it now expects to be hit with tariff costs of up to $400 million.

GE Vernova reported first-quarter revenue on Wednesday that beat Wall Street estimates on the back of strong performance at its power and electrification units, sending its shares up more than 8% in premarket trading.