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GE Aerospace stock surged 6.6% to over $200, surpassing the $184 price target with a 21.1% return, far outpacing the S&P 500. Q4 earnings showed 16% revenue growth, 49% operating profit increase, and doubled EPS, with strong free cash flow and order growth. GE Aerospace guides for low double-digit growth in 2025, with significant increases in CES and DPT segments, and plans for stock repurchases and dividend hikes.
GE Aerospace (GE) shares are likely to remain in focus after surging Thursday following better-than-expected fourth quarter results and an upbeat revenue outlook from the company.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 50 points on Thursday.
GE Vernova Inc. GEV reported worse-than-expected fourth-quarter EPS and revenue on Wednesday.
The stock's spectacular gains over the past year means the results and outlook need to be especially good.
GE Vernova on Wednesday reported a rise in fourth-quarter profit, helped by strong performance in its grid equipment and services segment, but missed its revenue estimates.
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GE Vernova, spun off from GE, has shown impressive growth, rising 77.9% YTD, outperforming peers and the S&P 500 Index. CEO Scott Strazik's leadership and strategic focus on Power and Gas segments are crucial for future growth and profitability. Financial improvements include a significant cash balance increase and better working capital, though challenges remain in the offshore wind sector.
Evercore analyst James West sees opportunities in companies working to address some of the issues facing the electrical industry, including the extreme stress on the power grid.