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GEV LATEST HEADLINES
President Donald Trump ordered the Nuclear Regulatory Commission to decide on applications for new nuclear plants within 18 months. Trump's order could help launch small modular reactors in the U.S. by late 2030, GE Vernova CEO Scott Strazik said.
Investors interested in Alternative Energy - Other stocks are likely familiar with Ormat Technologies (ORA) and GE Vernova (GEV). But which of these two stocks presents investors with the better value opportunity right now?
GE Vernova Inc. is experiencing robust backlog and order growth, driven by surging demand for gas turbines to power data centers and global energy needs. Management is aggressively expanding gas turbine capacity beginning in e2h26 as demand for natural gas turbines expands in support of industrial and data center power needs. Management is accelerating cost reductions in order to mitigate tariff risk, targeting $2-2.5B in free cash flow for FY25 and strong margin improvement.
GE Vernova is well-positioned to benefit from both the renewable and traditional energy markets, thanks to a strong order book and unique market position. Robust financial performance, with strong free cash flows and minimal debt, provides stability and scope for further growth investments. Short-term challenges such as import tariffs and weaker wind energy performance could cause temporary margin pressure.
The nuclear industry is expected to benefit from a budget bill approved in the House on Thursday. The legislation, referred to by Trump as his “one big beautiful bill” and heavily opposed by Democrats, includes provisions that would reduce spending on Medicaid by nearly $700 billion and reduce spending for a national food assistance program, among others.
GE Vernova stock is in a buy zone and reached a record high.
Staying invested in both GEV and SMNEY should be beneficial. Yet, given GEV's stronger ROE, it might be a better choice for your portfolio.
GE Vernova (GEV) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Susquehanna analyst Charles Minervino raised his GE Vernova price target to a Street-high $499 on Wednesday.
Investors interested in GEV stock should wait for a better entry point, considering its premium valuation.