GE Vernova Inc.
NYSE-GEV
Company Overview
GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts.
Name
GE Vernova Inc.
CEO
Scott L. Strazik
Website
www.gevernova.com
Sector
Electrical Equipment
Year Founded
2023
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Bulls Say
GE Vernova enjoys leading positions in oligopolistic markets, including gas turbines and North American onshore wind.
GE Vernova’s products and services stand to benefit from the ongoing electrification and decarbonization of the global economy.
GE Vernova’s balance sheet is in a strong position, with an investment-grade rating.
Bears Say
GE Vernova's historical margin and profitability record has been inconsistent.
The company’s onshore wind business is focused on the US market, which is sensitive to changes in tax policy.
The market environment for gas turbines could face headwinds from long-term decarbonization targets.