GE Vernova Stock Opens at All-Time High as Energy Company Affirms Outlook

Group 1 - GE Vernova (GEV) shares opened at a record high despite reporting worse-than-expected fourth-quarter results, with net income of $484 million or$1.73 per share on revenue of $10.56 billion, falling short of analyst expectations of$634.5 million or $2.30 per share on revenue of$10.74 billion [1][4] - The wind segment of GE Vernova reported an EBITDA of only $19 million, with a loss of$588 million for the year, despite previous expectations of approaching profitability by the end of the fiscal year [2] - The company reaffirmed its 2025 outlook, expecting revenue between $36 billion and$37 billion, driven by organic growth in power and electrification segments, while anticipating a decline in the wind division [3] Group 2 - Following the earnings report, GE Vernova shares initially fell in premarket trading but rose more than 2% shortly after markets opened, and the stock has more than tripled since the spin-off from GE Aerospace last April [4]