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Barchart
Barchart
Amit Singh

After 206% Rally in a Year, Is GE Vernova Stock a Buy Right Now?

GE Vernova GE Services GEV

GE Vernova (GEV) has been on a remarkable run, with its stock soaring by 206% over the past year. This surge comes as the company capitalizes on increased electricity demand led by the build-out of data centers to support artificial intelligence (AI), industrial growth, the global transition to clean energy, the electrification of transportation, and a widespread push for grid modernization. These factors have bolstered demand for GE Vernova’s energy equipment and services, significantly boosting its backlog and overall growth trajectory.

GE Vernova Sees Solid Demand

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