Is GE Vernova Stock a Buy Now?
GE Vernova (NYSE: GEV) has been a stand-alone business since April 2024, after being spun off from General Electric, which is now known as GE Aerospace (NYSE: GE). Since that time, the stock has risen by more than 400%. Wall Street is clearly very excited about the opportunity ahead of this business now that it is on its own. Is it worth buying today?
GE Vernova is an industrial company that makes equipment for the electricity industry. It doesn't make small things like light switches; it makes gigantic things like natural gas turbines and wind turbines. These are massive capital investments for buyers, who are often electrical utilities. In fact, GE Vernova competes in sectors where there are usually just a few dominant suppliers. It is a key player across all product categories in which it competes.
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Source Fool.com
