GEVGe Vernova (NYSE)
AFTER HOURS 07:59 PM ET 5/23/2025$464.950.56
0.12%Volume: 136.3 KMarket Close$464.39
$5.57 (1.21%)
Volume % Chg:
5%
AFTER HOURS 07:59 PM ET 5/23/2025
$464.95
0.56
0.12%
Volume: 136.3 K
Market Close
$464.39
$5.57 (1.21%)
Volume % Chg:
5%
Buy Point:
$447.50
$447.50
Position Size:
Half
Half
Buy Range:
$447.50 - $469.88
$447.50 - $469.88
STOCK IN IBD BUY ZONE
Current Action:
GE Vernova joined the Leaders as it cleared a cup base buy point. It is now near the top of the actionable zone. The relative strength line has also reached fresh highs, a bullish sign.
GE Vernova joined the Leaders as it cleared a cup base buy point. It is now near the top of the actionable zone. The relative strength line has also reached fresh highs, a bullish sign.
Leaderboard Analysis:
The stock has been building the right-hand side of the pattern since reporting earnings. This is a first-stage pattern, a plus. Its sharp pullback from highs reset the base count as it undercut the low of a prior flat base. Also, the 44% pullback means this a deep cup. Anything lower than a 33% decline qualifies as deep.
The stock has been building the right-hand side of the pattern since reporting earnings. This is a first-stage pattern, a plus. Its sharp pullback from highs reset the base count as it undercut the low of a prior flat base. Also, the 44% pullback means this a deep cup. Anything lower than a 33% decline qualifies as deep.
Backstory:
The energy equipment maker was spun-off from General Electric on April 2, 2024. It has three business segments, power, wind and electrification. While demand for wind is subdued, the other segments have seen robust growth. Demand for gas power equipment has been a particular highlight. The firm is seen as being well positioned to capitalize on growing energy demand amid the artificial intelligence revolution. EPS is seen rising 21% in 2025 and accelerating to 61% growth next year.
The energy equipment maker was spun-off from General Electric on April 2, 2024. It has three business segments, power, wind and electrification. While demand for wind is subdued, the other segments have seen robust growth. Demand for gas power equipment has been a particular highlight. The firm is seen as being well positioned to capitalize on growing energy demand amid the artificial intelligence revolution. EPS is seen rising 21% in 2025 and accelerating to 61% growth next year.
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