This industry is getting a boost from the AI race: Strategist [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
Overtime to discuss how the utilities sector is benefiting from the artificial intelligence race. "If data centers, for the first time in 20 years, create growth overall in US power demand, that is a very good thing for utility companies across the board," Molchanov explains. He anticipates growth between 2 and 3% per year as the AI race heats up. The strategist also points to specific areas of data center growth, like Virginia and Ohio, where electricity prices are more affordable. He says that investors looking to get in on the AI utilities play should pay close attention to GE Vernova ( GEV ): "GE Vernova does everything for the grid: natural gas, nuclear, hydro, wind, and also all the infrastructure, so the transmission networks, the power software for utilities. This company does it all, and half of its revenue is recurring." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by
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GEV
News
- EDF acquires part of GE Steam Power's nuclear business from GE Vernova [Yahoo! Finance]Yahoo! Finance
- GE Vernova (GEV) Rises But Trails Market: What Investors Should Know [Yahoo! Finance]Yahoo! Finance
- GE Vernova Inc. (NYSE: GEV) had its price target raised by analysts at Royal Bank of Canada from $160.00 to $180.00. They now have an "outperform" rating on the stock.MarketBeat
- GE Vernova secures €700m turbine contract from CIP in Spain [Yahoo! Finance]Yahoo! Finance
- Arafura gets conditional approval for $300m EDC debt funding [Yahoo! Finance]Yahoo! Finance
GEV
Earnings
- 4/26/24 - Miss
GEV
Sec Filings
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- 5/20/24 - Form 4
- GEV's page on the SEC website