Professional
Added to YB: 2024-08-02
Pitch date: 2024-06-30
GEV [bullish]
GE Vernova Inc.
+293.74%
current return
Author Info
No bio for this author
Company Info
GE Vernova Inc., an energy company, engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Americas, the Middle East, and Africa.
Market Cap
$169.7B
Pitch Price
$170.60
Price Target
N/A
Dividend
0.16%
EV/EBITDA
48.37
P/E
101.87
EV/Sales
4.36
Sector
Electrical Equipment
Category
growth
Munro Climate Change Leaders Fund Portfolio Holding: GE Vernova Inc.
GEV: Power spin-off from GE. 3 divisions: power gen (50%), wind (30%), electrification (20%). Bull case: decarbonization. Power: coal-to-gas, hydrogen turbines, nuclear. Wind: addressing offshore missteps. Electrification: grid equipment/software, mid-teens sales growth to 2030. Strong net cash, provisioned for project risks. Simplified focus for decarbonization trend. +90bps to Fund in Q2. Dedicated board/exec team improving execution/profitability.
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