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Is this Nvidia-Beating Energy Stock (GEV) a Must-Buy Before Earnings?
Energy transition and the nuclear energy standout GE Vernova GEV has skyrocketed 190% since its April 2024 IPO.
GE Vernova jumped to fresh all-time highs on Friday heading into its Q4 earnings release on Wednesday, January 22.
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Wall Street flocked to the GE spinoff for its impressive earnings growth and ability to expand alongside key megatrends. GE Vernova provides investors the chance to add exposure to nuclear energy, electrification, natural gas, the artificial intelligence boom, and broader infrastructure spending.
GE Vernova is a pure-play energy transition company growing alongside electrification, nuclear energy expansion, natural gas, and beyond. GEV boasts that its customers generate roughly 25% of all the electricity in the world via GE Vernova’s installed base of technologies.
GE Vernova reports via three business segments: Power, Wind, and Electrification. GEV’s steam power unit has provided nuclear turbine technologies and services for all reactor types for decades. GEV’s Hitachi Nuclear Energy division is a leading provider of advanced nuclear reactors, fuel, and nuclear services.
The U.S. aims to triple nuclear energy capacity by 2050 as it attempts to wean itself off fossil fuels. Microsoft, Amazon, and other technology titans made nuclear energy deals in 2024 to secure reliable power to fuel the AI arms race.
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GE Vernova is at the forefront of next-generation small modular nuclear reactor (SMR) technologies. The U.S. Department of Energy selected GE Vernova to help build out a key part of the next-gen nuclear and uranium industry.
GEV also critically provides investors long-term exposure to natural gas. Natural gas will continue to play a massive role in the U.S. and around the world as technology companies and everyone else look for reliable energy while attempting to shutter coal plants.
Nuclear energy powerhouse Constellation Energy CEG announced on January 10 a $26.6 billion cash-and-stock deal to buy natural gas and geothermal titan Calpine.
Beyond nuclear and natural gas, GE Vernova’s growth pipeline includes electrification software, power conversion, energy storage, grid solutions, and more. GE Vernova is streamlining its operations, including its struggling offshore wind business.
Furthermore, GE Vernova boosted its bull case when it declared its first dividend on December 10, which will be payable in the first quarter of 2025. GEV approved an initial $6 billion share repurchase plan as well.
As investors eagerly await the upcoming earnings report from Nvidia, another energy stock has been making waves in the market. GEV, a lesser-known company in the energy sector, has been gaining traction and some analysts are calling it a potential game-changer.
With a focus on sustainable energy solutions and a strong track record of innovation, GEV has been positioning itself as a serious competitor to industry giants like Nvidia. The company’s recent performance has been impressive, with revenue growth and profit margins exceeding expectations.
As we approach the earnings release, many investors are wondering if now is the right time to buy GEV stock. Some experts believe that GEV’s strong fundamentals and growth potential make it a compelling investment opportunity, especially before the earnings report.
However, it’s important to note that investing in stocks, especially in the energy sector, comes with inherent risks. While GEV may have the potential to outperform Nvidia in the long run, there are no guarantees in the stock market.
Ultimately, the decision to buy GEV stock before earnings will depend on your own risk tolerance and investment strategy. It’s always a good idea to do your own research and consult with a financial advisor before making any investment decisions.
So, is GEV a must-buy before earnings? Only time will tell. Stay tuned for the latest updates and analysis on this exciting energy stock.
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