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Chris Markoch

GE Vernova: The Energy Giant Powering a Multi-Year Stock Surge

GE GE Vernova GEV MarketBeat Nasdaq Natural Gas

Many investors were focused on technology stocks like NVIDIA Corp. (NASDAQ: NVDA) and Palantir Technologies Inc. (NASDAQ: PLTR) in 2024. That means you may have missed the run-up in GE Vernova LLC (NYSE: GEV). Energy stocks, in general, lagged the market. Still, GE Vernova, which is a spinoff of its parent company, General Electric Corp. (NYSE: GE), is up 181% since making its debut as a publicly traded company in April 2024.

Growth like that, particularly as we start a year where volatility is expected to continue, may have some investors looking to take profits. If they do, and maybe even if they don’t, GEV stock is a name to consider if you’re looking for slow, steady growth. 

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