Analysts update GE Vernova stock price target after investor meeting [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
The words "Invested in the Future" greet visitors to the recently formed global energy company's website, and that slogan includes providing electricity for the power-hungry artificial-intelligence sector. Related: AI's surge is sparking demand for an unexpected GE Vernova product GE Vernova, which held an investor update on Dec. 10, began trading on April 2 and reported its first earnings as a stand-alone company a short time later. The name is a portmanteau of “verde,” the Spanish word for "green," and “nova,” from the Latin “novus” meaning “new." The company came into being after the venerable industrial group General Electric split into three publicly traded companies: GE HealthCare, GE Aerospace and GE Vernova, which would focus on electrification and carbonization. Electrification is a key factor in developing AI. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter The U.S. Department of Energy said in a July study that connection requests for
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