GE Vernova's $1.158 Billion Trading Day Lands 61st in Market Ranking

Generado por agente de IAAinvest Market Brief
jueves, 24 de abril de 2025, 7:50 pm ET1 min de lectura
GEV--

On April 24, 2025, GE's trading volume reached $1.158 billion, ranking 61st in the day's stock market. GE's stock price rose by 1.93%, marking the third consecutive day of gains, with a total increase of 10.69% over the past three days.

GE Vernova reported its first-quarter 2025 financial results, highlighting significant growth in orders and revenue. The company secured orders worth $10.2 billion, an 8% increase year-over-year, driven by a 16% rise in services and a 43% surge in Power equipment. The total backlog stood at $123 billion, with equipment backlog growing by $2.4 billion.

GE Vernova's revenue for the quarter was $8.03 billion, surpassing analyst estimates of $7.54 billion. The company's net income was $0.3 billion, reflecting a $0.4 billion improvement from the previous year. The Power segment saw a 28% organic rise in orders, while the Wind segment faced a 43% decline in orders but managed a 13% revenue increase. The Electrification segment experienced a 3% organic decrease in orders but achieved a 14% revenue growth.

GE Vernova's strong financial performance was further bolstered by a substantial increase in free cash flow, which rose by $1.6 billion year-over-year, and a strengthened cash balance of $8.1 billion. The company remains optimistic about its 2025 financial guidance, expecting revenues of $36-$37 billion and a high-single-digit adjusted EBITDA margin. GE VernovaGEV-- is committed to navigating the dynamic market environment, focusing on safety, quality, and cost efficiency, while continuing to invest in its future and return capital to shareholders.

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