GE Vernova Inc
GEV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|D#P | LOCK|&w?L | LOCK|GrY#PZY< |
GE Vernova Earnings: Superb Order Book and Backlog Growth Prove Us Wrong; Fair Value Up Over 65%
GE Vernova reported stellar first-quarter results, with orders of $18.3 billion rising 71% organically year on year across all segments and backlog growth of $13 billion sequentially. The firm has increased the backlog to $163 billion from $116 billion since its spinoff two years ago.
