2024-04-02 17:41:44 ET
Summary
- Shares of GE Vernova LLC begin trading at around $145 after the spinoff from GE, which has been divided into separate entities.
- GE Vernova, formerly known as GE Power, aims to capitalize on the energy transition and the growing power generation market, with addressable markets set to rise to nearly half a trillion by 2030.
- The company operates in three segments: power, wind, and electrification solutions, with the power segment generating the highest sales and margins, as work needs to be done elsewhere.
Shares of GE Vernova LLC ( GEV ) have stated trading around the $145 mark upon the spinoff from GE ( GE ), which itself now largely comprises aerospace activities. This deal is the latest spinoff, after GE Healthcare ( GEHC ) was spun off from the once almighty conglomerate, which has now been cut in to pieces....
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GE Vernova: GE Power Business In Recovery