GE Vernova (GEV) is set to report earnings before the market opens Wednesday as the energy company approaches one year since 澳洲幸运5官方开奖结果体彩网:🀅General Electric com😼pleted its split into three separate companies.

Analysts covering the stock tracked by Visible Alpha are mostly bullish, with 10 rating the stock a "buy," and two giving it a 澳洲幸运5官方开奖结果体彩网:"hold" rating. Their price targets range from $36🔜1 to $446, with the average at abo🍌ut $392 sitting below Friday's record level after a strong week for the stock. Shares of GE Vernova gained nearly 3% Friday to close at an all-time high of $401.41, and have nearly tripled in value since their April debut.

The company is expected to report revenue of $10.73 billion for the final quarter of 2024, up from $10.04 billion in the same time last year, when it was still part of General Electric. 澳洲幸运5官方开奖结果体彩网:Net income is expected to come in at $634.87 million, after 澳洲幸运5官方开奖结果体彩网:two of the company's first three quarters as a standalone company have 澳洲幸运5官方开奖结果体彩网:resulted in net losses.

Wind Segment Profitability in Focus

The company 澳洲幸运5官方开奖结果体彩网:said in previous quarters that its wind segment, the lone unprofitable arm of GE Vernov🎐a's three divisions, should be "approaching profitability" by the end of the fiscal year. The company said the shift will take time as it moves away from higher-cost offshore wind projects.

Analysts have upgraded GE Vernova or lifted their price targets several times since it became its own company, including Bank of America analysts 澳洲幸运5官方开奖结果体彩网:earlier this week.

They have 澳洲幸运5官方开奖结果体彩网:cited the growing demand for energy, 澳洲幸运5官方开奖结果体彩网:especially in renewable forms, to power projects like 澳洲幸运5官方开奖结果体彩网:data cen𝔍ters and artificial intelligence products as a po🍒sitive catalyst for GE Vernova꧒'s sales going forward.

The other former GE divisions, GE Aerospace (GE) and GE HealthCare (GEHC), are set to report their fourth-quarter results on Jan. 23 and Feb. 13, respectively.