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GE Vernova Shares Surge to Record High After Investor Day Optimism

GE Vernova Shares Surge to Record High After Investor Day Optimism

Author:

Global Cryptocurrency

Published:

2025-12-10 16:53:02

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GE Vernova (GEV) shares soared over 13% to NEAR $707, marking a record high after the company raised its financial targets and doubled its quarterly dividend. The energy equipment manufacturer now forecasts 2025 sales at the upper end of its $36 billion to $37 billion range and increased free cash flow projections to $3.5 billion-$4 billion for this year.

Analysts suggest the company is well-positioned to capitalize on rising global power demand, with long-term revenue and cash FLOW targets for 2028 also revised upward. The board approved a dividend hike to $0.50 per share and expanded its stock buyback program to $10 billion, signaling confidence in its standalone prospects following its spin-off from General Electric.

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