Here's an energy company that's old and new at the same time. I'm referring to General Electric (NYSE: GE ) spinoff company GE Vernova (NYSE: GEV ), which may catch the interest of investor looking for highflying stocks.
We're going to need a great deal of new electricity in order to provide power for all of the AI tools. In March, Tesla (NASDAQ: TSLA ) CEO Elon Musk stated that the U.S. would suffer electricity outages in 2025 because of the power consumption of AI.
CAMBRIDGE, Mass--(BUSINESS WIRE)--GE Vernova Inc. (NYSE: GEV) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (TRC Capital) to purchase up to 1,000,000 shares of GE Vernova common stock, which represents approximately 0.4% of the shares outstanding, at a price of $155.00 per share in cash. TRC Capital's offer price is 7.39% les...
Over the past few years, electricity usage in America has increased meaningfully for the first time in two decades. The firm expects that trend to continue going forward, driven by the proliferation of data centers, factories and electric vehicles.
Few experts expect the U.S. Federal Reserve to raise interest rates this year. And Fed Chairman Jerome Powell still has not ruled out the possibility of the central bank cutting rates in 2024.
GE Vernova (GEV) on Thursday posted a quarterly loss in its first earnings report since the separation of General Electric into three companies was completed earlier this month.
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