Key Takeaways
- GE Vernova shares closed at their highest level since being spun off from General Electric in April.
- The company said its offshore wind division should be profitable in the fourth quarter.
- Strength in its power and electrification segments led the company to reaffirm its full-year guidance.
GE Vernova (GEV) closed at a record high Thursday after the recent 澳洲幸运5官方开奖结果体彩网:General Electric spin-off 𓃲reaffirmed its full-year financial guidance.
The energy company said Thursday at a Morgan Stanley investing conference that it expects revenue on the higher end of its previously disclosed $34 billion to $35 billion range, driven by strength in its power and electrification segments. Its offshore wind segment, which it projects to post a loss of $300 million in the third quarter, should be profitable by the fourth quarter.
Record Close Reached Thursday
澳洲幸运5官方开奖结果体彩网:Shares of GE Vernova climbed 2.9%, reversing♈ an early-session decline, to close at $215.27.
The company began trading in April after General Electric spun off its energy division from the aerospace division, with the entities becoming 澳洲幸运5官方开奖结果体彩网:GE Vernova and GE Aerospace (GE), respectively. GE Vernova's shares are up more than 50% since their trading debut.
:max_bytes(150000):strip_icc()/GEV_2024-09-12_18-25-54-e2df1a813f0e460595c07a6460c951f2.png)
TradingView