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People in Business: May 19, 2025
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Why GE Vernova's stock is power surging

GE Vernova, the energy business spun off from General Electric, has seen its stock surge by 20% since its debut on the New York Stock Exchange on April 2, 2024, closing at $137.94 per share. The strong performance is attributed to investor confidence in GE Vernova's focus on renewable energy, grid solutions, and power equipment, aligning with global trends towards sustainability. The company, which reported $33.2 billion in revenue for 2023, is seen as well-positioned to capitalize on the growing demand for clean energy solutions. Despite the positive start, some analysts caution that the stock's valuation may be stretched, suggesting investors keep an eye on long-term fundamentals as the company navigates the competitive energy sector.

Read the Full Fortune Article at:
[ https://fortune.com/article/ge-vernova-stock-surging/ ]