See more : Abiomed, Inc. (ABMD) Income Statement Analysis – Financial Results
Complete financial analysis of GE Vernova Inc. (GEV) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of GE Vernova Inc., a leading company in the Renewable Utilities industry within the Utilities sector.
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GE Vernova Inc. (GEV)
About GE Vernova Inc.
GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts.
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 33.24B | 29.65B | 33.01B |
| Cost of Revenue | 28.27B | 26.00B | 27.69B |
| Gross Profit | 4.97B | 3.65B | 5.31B |
| Gross Profit Ratio | 14.94% | 12.31% | 16.10% |
| Research & Development | 896.00M | 979.00M | 1.01B |
| General & Administrative | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 |
| SG&A | 4.85B | 4.41B | 4.68B |
| Other Expenses | 0.00 | 387.00M | 396.00M |
| Operating Expenses | 5.89B | 5.39B | 5.69B |
| Cost & Expenses | 34.16B | 31.40B | 33.38B |
| Interest Income | 0.00 | 42.00M | 71.00M |
| Interest Expense | 71.00M | 151.00M | 172.00M |
| Depreciation & Amortization | 964.00M | 991.00M | 1.18B |
| EBITDA | 932.00M | -1.33B | 484.00M |
| EBITDA Ratio | 2.80% | -2.54% | 2.42% |
| Operating Income | -923.00M | -1.74B | -378.00M |
| Operating Income Ratio | -2.78% | -5.88% | -1.15% |
| Total Other Income/Expenses | 793.00M | 407.00M | 20.00M |
| Income Before Tax | -130.00M | -2.47B | -864.00M |
| Income Before Tax Ratio | -0.39% | -8.34% | -2.62% |
| Income Tax Expense | 344.00M | 248.00M | -140.00M |
| Net Income | -438.00M | -2.74B | -633.00M |
| Net Income Ratio | -1.32% | -9.23% | -1.92% |
| EPS | -1.98 | -10.06 | -2.33 |
| EPS Diluted | -1.98 | -10.06 | -2.33 |
| Weighted Avg Shares Out | 272.08M | 272.08M | 272.08M |
| Weighted Avg Shares Out (Dil) | 272.08M | 272.08M | 272.08M |
Buy GE Vernova Stock Because of a Fossil Fuel, Says Analyst
William Blair analyst Jed Dorsheimer launched coverage of GE Vernova stock with a Buy rating. Now 74% of analysts covering the electricity-production technology firm are bullish.
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The old investing adage that you can't beat the market so just buy index funds misses the point.
GE Vernova falls after turbine blade failure at offshore UK wind farm
GE Vernova's shares fell nearly 7% on Friday following a turbine-blade failure at an offshore wind farm in the UK, the latest in a string of incidents involving the power service firm's equipment.
GE Vernova: Positive Macro Catalysts Are Likely To Boost The Stock
GE Vernova is highly leveraged to global catalysts such as increasing electricity and natural gas usage. The firm's impressive second-quarter results show that it is already benefiting from these trends. GE Vernova's valuation is attractive, making it a buy for...
GE Vernova Stock Is Rising. Thank Enphase.
An upgrade of Enphase appears to be lifting shares of other companies tied to green energy.
Brokers Suggest Investing in GE Vernova (GEV): Read This Before Placing a Bet
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
GEV INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into GE Vernova Inc. and Encourages Clients to Contact the Firm!
NEW YORK CITY, NY / ACCESSWIRE / August 2, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of GE Vernova Inc. ("GE Vernova" or "the Company") (NYSE:GEV). Investors who purchased GE Vernova securities...
GEV SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into GE Vernova Inc. and Encourages Shareholders to Contact the Firm Today!
NEW YORK CITY, NY / ACCESSWIRE / August 1, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of GE Vernova Inc. ("GE Vernova" or "the Company") (NYSE:GEV). Investors who purchased GE Vernova securities...
GE Vernova Inc. (GEV) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of GE Vernova Inc. (“GE Vernova” or “the Company”) (NYSE: GEV). Investors who purchased GE Vernova...
GEV INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into GE Vernova Inc. and Encourages Shareholders to Contact the Firm Today!
NEW YORK CITY, NY / ACCESSWIRE / July 31, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of GE Vernova Inc. ("GE Vernova" or "the Company") (NYSE:GEV). Investors who purchased GE Vernova securities...
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