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Zenger
Zenger
Business
Surbhi Jain

General Electric Gears Up For Vernova Spin-Off Amid GEHC Stock Surge

GE General Electric GEHC GE Vernova GE Aerospace the New York Stock Exchange
View of the logo at the entrance of General Electric (GE) Celma, GE's aviation engine overhaul facility in Petropolis, Rio de Janeiro. General Electric gears up for Vernova spin-off amid GEHC stock surge. YASUYOSHI CHIBA/AFP VIA GETTY IMAGES.

BOSTON, N.Y. — While General Electric Co displays strength in both the military and the commercial space, an impending GE Vernova spin-off is key to investor optimism. Another wild card is the GEHC stock.

Last month, the company announced that it plans to spin off GE Vernova and launch GE Aerospace in the beginning of the second quarter of 2024. GE Vernova will be listed on the New York Stock Exchange under the ticker symbol “GEV” after the planned spin-off.

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