Reported 3 days ago
GE Vernova Inc. (NYSE:GEV), recognized as one of the top-performing IPOs in the past two years, has seen its stock surge following strong second-quarter earnings of $9.11 billion, an 11% year-over-year increase, and a significant backlog growth. The acquisition of Proficy by TPG for $600 million has further boosted its capital potential. With a consensus Buy rating from 35 analysts, the company's shares have soared 359.73% since its IPO in 2024, positioning it as a prominent player in the global energy sector committed to electrification and decarbonization.
Source: YAHOO