GEV Stock Recent News

GE Vernova (GEV) shares will likely remain on watchlists Wednesday after jumping more than 3% yesterday to set a new record high following favorable coverage from leading investment banks.

GE Vernova (GEV) stock rose for the seventh consecutive session Tuesday as analysts at Barclays said the company is a "likely benefactor" of increasing demand for electricity in the U.S. and worldwide.

GE Vernova (GEV) concluded the recent trading session at $229.93, signifying a +1.92% move from its prior day's close.

GE Vernova (GEV) closed at a record high Thursday after the recent General Electric spin-off reaffirmed its full-year financial guidance.

Shares of energy business GE Vernova LLC NYSE: GEV surged to all-time highs at the end of August, the first time the firm's stock ascended to $200 per share since it was spun off from parent company General Electric Co. NYSE: GE several months prior. The recent uptick in share price may be most closely linked to a massive increase in global power demand thanks to economic growth, the proliferation of new technologies making use of sizable quantities of electric power, and summer heatwaves.

GE Vernova (GEV) concluded the recent trading session at $198.44, signifying a -0.6% move from its prior day's close.

GE Vernova (GEV) shares rose Wednesday as the power company received a "buy" rating from Jefferies analysts, who said the company is "uniquely positioned" to benefit from the surging demand for power across the globe to power facilities like data centers.