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Why GE Vernova Stock Soared Today

TheMotleyFool

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Shares of GE Vernova (NYSE: GEV) stock, the power generation equipment division spun off from General Electric last year, reported powerful earnings this morning, boosting its stock 14.8% through 11:30 a.m. ET.

Analysts forecast GE Vernova would earn $1.50 per share on $8.8 billion in Q2 sales. Instead, the company reported a profit of $1.88, and sales of $9.1 billion.

Image source: Getty Images.

Source Fool.com

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