GE Vernova Inc. (GEV) is a diversified power and energy company involved in the generation, transfer, conversion, and storage of electricity. It operates through three main segments: Electrification, Wind and Power. Formerly known as GE Power and GE Renewable, the two business units were merged and subsequently spun off from the conglomerate formerly known as General Electric earlier this year, and GEV went public in April.
Valued at $92.4 billion by market cap, Cambridge, Massachusetts-based GEV is a member of the S&P 500 Index ($SPX). The spinoff stock has been remarkably hot this year, particularly with industry groups boosting their forecasts for power usage amid the artificial intelligence (AI) data center boom.
