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GE Vernova says tariff impact will be less than thought — and the stock soars toward two records
GE Vernova’s stock was heading for a record high after an earnings beat, a raised full-year outlook and a lowered estimate of tariff impacts.
GE Vernova Inc. (NYSE:GEV) reported record orders of $44.1 billion, a 7% organic growth, as it continues to solidify its position as one of the best clean energy stocks in 2024.
GE Vernova Inc.’s stock rose into record territory Wednesday, after the power and renewable-energy company lowered its expectations for the negative impact of President Donald Trump’s tariffs.
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New all-time highs come after a strong Q2, as well as revenues that came in at the top end of guidance. Read more here.
Hot numbers GE Vernova reported first-quarter earnings of 91 cents per share from sales of $8 billion, easily beating Wall Street analysts’ estimates of 45 cents on $7.6 billion.
GE Vernova Inc. (NYSE:GEV) reported record orders of $44.1 billion, a 7% organic growth, as it continues to solidify its position as one of the best clean energy stocks in 2024.
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