Is GE Vernova Stock a Buy Now?

Since spinning off from General Electric (now operating as GE Aerospace), GE Vernova (NYSE: GEV) has gone on an absolute tear, with the stock surging 373% since going public in early 2023. The company is well positioned as a utility provider to meet the growing energy demand, which will be driven by artificial intelligence (AI) and the power-hungry data centers that support them.GE Vernova has a large backlog of orders and a substantial portfolio of energy assets. However, the stock has increased significantly, and it trades at a lofty valuation. If you are considering scooping up shares of GE Vernova, here's what you should consider first.GE Vernova operates as an independent energy technology company, following its spin-off from General Electric Company in April 2024. The company specializes in designing, manufacturing, and servicing solutions for power generation, grid infrastructure, and renewable energy.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool