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GE Vernova Inc. (GEV)
After hours:
| Previous close | 175.08 |
| Open | 177.10 |
| Bid | 174.82 x 1400 |
| Ask | 174.11 x 1000 |
| Day's range | 165.40 - 179.76 |
| 52-week range | 119.00 - 182.78 |
| Volume | |
| Avg. volume | 5,029,584 |
| Market cap | 48.212B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 173.63 |
- Yahoo Finance Video
This industry is getting a boost from the AI race: Strategist
As investors await Nvidia's (NVDA) highly anticipated earnings report, Raymond James Managing Director Pavel Molchanov joins Market Domination Overtime to discuss how the utilities sector is benefiting from the artificial intelligence race. "If data centers, for the first time in 20 years, create growth overall in US power demand, that is a very good thing for utility companies across the board," Molchanov explains. He anticipates growth between 2 and 3% per year as the AI race heats up. The strategist also points to specific areas of data center growth, like Virginia and Ohio, where electricity prices are more affordable. He says that investors looking to get in on the AI utilities play should pay close attention to GE Vernova (GEV): "GE Vernova does everything for the grid: natural gas, nuclear, hydro, wind, and also all the infrastructure, so the transmission networks, the power software for utilities. This company does it all, and half of its revenue is recurring." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
- Yahoo Finance Video
The best clean energy plays as Biden's China tariffs set in
President Joe Biden raised tariffs on Chinese imports into the US, a move that will raise steep duties on solar panels, in a bid to keep China from undercutting US industry. How can investors look to capitalize on the administration's latest trade policy? Cohen & Steers Portfolio Manager for Global Listed Infrastructure Tyler Rosenlich and Mizuho Americas Director of Clean Energy Equity Research Maheep Mandloi join Market Domination to discuss the best ways to play the clean energy sector as tariffs against Chinese imports begin to set in. Mandoli mentions First Solar (FLSR) as a company that has done well despite challenges: "You can probably separate the companies who already had manufacturing capacity here, who did not have any China content. So First Solar is a good example. They have done phenomenally well in the last two years. The rest of the space has somewhat, got delayed, I guess, in the sense that all the IRA benefits haven't yet trickled down into actual legalese from the Treasury." Rosenlich points out it may take some time to see solar take off: "I think the reality is a lot of people have talked about this energy transition and they've said, 'hey, we're going to get rid of old forms of energy and replace it with new.' And we think we're in this energy addition world and we're going to need to rely on traditional forms of energy for a really long time. They provide great base load power. We have the infrastructure in place and it's going to be a huge growth opportunity to build solar, build alternatives, build wind, build nuclear. But it's going to take a really long time." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Business WireGE Vernova Recommends Shareholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation
CAMBRIDGE, Mass, May 10, 2024--GE Vernova Inc. (NYSE: GEV) today announced that it received notice of an unsolicited "mini-tender" offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,000,000 shares of GE Vernova common stock, which represents approximately 0.4% of the shares outstanding, at a price of $155.00 per share in cash. TRC Capital’s offer price is 7.39% less than the $167.36 closing price per share of GE Vernova’s common stock on May 7, 2024, the last trading d
