GE VernovaNYSE: GEV

Since the split from GE, GE Vernova has seen its value double, thanks to the rising demand for electric energy and a plan to increase EBITDA margins from 2% to 13% by 2027. This plan focuses on improving pricing and productivity, with earnings per share expected to grow by over 20% each year due to these margin enhancements. Additionally, GEV is producing free cash flow, and an announcement about a capital return policy during the December Investor Day could further increase its share price.

Utility stocks have faced challenges in recent years due to high interest rates, which have negatively affected these capital-heavy companies.

GE Vernova Inc. (NYSE:GEV) will hold its Q3 2024 Earnings Conference Call on October 23, 2024, at 7:30 AM ET. The call will feature company representatives, including Michael Lapides, Scott Strazik, and Ken Parks, along with analysts from various financial institutions. Currently, all participants are in listen-only mode.

GE Vernova (GEV) shares dropped on Wednesday morning after the energy company announced an unexpected loss. This marks the second time in three quarters that it has reported a loss as an independent company.

GE Vernova (GEV) is set to announce its earnings on Wednesday morning. This will be its third report since General Electric divided into three separate companies.

Currently, GEV has a Zacks Rank of #3 and an Earnings ESP of -20.30%, suggesting that the company is unlikely to exceed earnings expectations this season.

In the latest trading session, GE Vernova (GEV) finished at $266.36, showing a decrease of 1.17% compared to the day before.

On the most recent trading day, GE Vernova (GEV) closed at $262.54, which is a decrease of 1.15% compared to its last closing price.

Investors looking at GEV might want to hold off until they find a more favorable price, given its high valuation. However, those who already own shares can keep them in their portfolio.