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Baird analyst Ben Kallo launched coverage of the shares with a $448 price target.
It's only February, but GE Vernova's (GEV 1.75%) stock has already had an exciting year. The share rose by 13.4% in January, according to S&P Global Market Intelligence data, but sold off at the end of the month due to the emergence of new artificial intelligence (AI) models from Chinese start-up DeepSeek.
Investors interested in GEV should wait for a better entry point, considering its premium valuation and a downward revision in its near-term earnings estimate.
Shares in GE Vernova (GEV 8.40%), a gas power, wind turbine, and electrification technology company, were down almost 9% this week, as of Friday morning. The move follows the release of Chinese start-up DeepSeek's latest artificial intelligence (AI) model.
Investors interested in Alternative Energy - Other stocks are likely familiar with Clearway Energy (CWENA) and GE Vernova (GEV). But which of these two stocks offers value investors a better bang for their buck right now?
The AI boom has sparked a power race, and Chevron Corp CVX, GE Vernova Inc GEV, and investment firm Engine No. 1 want in.
CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova Inc. (NYSE:GEV), America's leading energy manufacturing company, is planning to invest nearly $600 million in its U.S. factories and facilities over the next two years to help meet the surging electricity demands around the world. The new investments – expected to create approximately 1,500 new U.S. jobs – will help drive U.S. energy affordability, national security, and competitiveness, and enable the American manufacturing footprint needed to supp.
Chevron U.S.A. announced Tuesday a partnership with Engine No.
Chevron and GE Vernova are trying their hand at supplying power to data centers, just as China's DeepSeek may upend that play.
Chevron chairman and CEO Mike Wirth and GE Vernova CEO Scott Strazik join ‘Squawk on the Street' to discuss the new partnership alongside Engine No. 1 to power AI data centers and address the rising data center and hyperscaler energy demand needs, oil and energy production outlook under the new Trump administration, and more.