GE Vernova raises multi-year financial outlook, initiates dividend and authorizes buyback
GE Vernova (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today hosts its 2024 Investor Update event to present its multi-year financial outlook and frame its capital allocation strategy.
GE Vernova Backs FY Revenue View; Raises Multi-Year Outlook
For 2024, the energy company still expects revenue between $34 billion and $35 billion. Analysts polled by FactSet expect $35 billion in revenue. Looking ahead, GE Vernova raised its multi-year organic revenue growth view to high-single digits by 2028,
After spinning off from General Electric in April 2024, GE Vernova (GEV) announced its first dividend alongside a $6 billion ...
GE Aerospace hiked its dividend 250% in April; GE HealthCare raised its 17% in November; and GE Vernova just initiated a ...
GE Vernova has recently made significant announcements poised to impact its financial standing and shareholder relations. The ...
GE Vernova (NYSE:GEV) -3.2% post-market Tuesday after reaffirming guidance for FY 2024 revenues and free cash flow while ...
GE Vernova has initiated a quarterly dividend payout and launched a $6 billion share buyback program, part of plan to return a third of cash generated to shareholders. GE Vernova, which provides ...
GE Vernova forecasts around $45 billion in revenue and a 14% adjusted EBITDA margin by 2028, with plans to invest ...
Weakness in the wind segment has been offset by strong demand for GE Vernova's gas turbines and electrical grid equipment to ...
JPMorgan analyst Mark Strouse raised the firm’s price target on GE Vernova (GEV) to $367 from $356 and keeps an Overweight rating on the shares ...
Shares of electric services company GE Vernova LLC (NYSE: GEV) rose to over $347 on Wednesday following its investor day ...
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