GE Vernova trades at $640.43 and has moved in lockstep with the market. Its shares have returned 15.4% over the last six months while the S&P 500 has gained 11.1%.
Is now the time to buy GEV? Find out in our full research report, it’s free.
Why Does GEV Stock Spark Debate?
Born from the energy business of industrial giant General Electric in a 2023 spin-off, GE Vernova (NYSE: GEV) designs, manufactures, and services power generation equipment and grid technologies to help customers build more reliable and sustainable electric systems.
Two Things to Like:
1. Revenue Climbing Higher
We at StockStory place the most emphasis on long-term growth, but within industrials, a stretched historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. GE Vernova’s annualized revenue growth of 8.9% over the last two years is above its four-year trend, suggesting some bright spots.
2. Outstanding Long-Term EPS Growth
Analyzing the long-term change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions.
GE Vernova’s full-year EPS flipped from negative to positive over the last four years. This is a good sign and shows it’s at an inflection point.
One Reason to be Careful:
Weak Backlog Growth Points to Soft Demand
Investors interested in Electrical Systems companies should track backlog in addition to reported revenue. This metric shows the value of outstanding orders that have not yet been executed or delivered, giving visibility into GE Vernova’s future revenue streams.
GE Vernova’s backlog came in at $135.3 billion in the latest quarter, and over the last two years, its year-on-year growth averaged 7.3%. This performance slightly lagged the sector and suggests that increasing competition is causing challenges in winning new orders.
Final Judgment
GE Vernova has huge potential even though it has some open questions, but at $640.43 per share (or 56.5× forward P/E), is now the time to initiate a position? See for yourself in our comprehensive research report, it’s free.
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