In 2024, General Electric spun off its energy business, creating GE Vernova (GEV +1.12%) stock. General Electric had been in business for more than 130 years, with primary operations in healthcare, energy, and aerospace. However, management believed it could serve its customers and shareholders better by separating these businesses into three stand-alone companies.
Investors are attracted to GE Vernova stock because its business enjoys stable demand. But it also has exposure to more exciting growth markets, such as renewable energy and artificial intelligence (AI).
How to buy GE Vernova stock
- Open your brokerage app: Log in to your brokerage account where you handle your investments. If you don't have one yet, take a look at our favorite brokers and trading platforms to find the right one for you.
- Search for GE Vernova: Enter the ticker "GEV" into the search bar to bring up the stock's trading page.
- Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Submit your order: Confirm the details and submit your buy order.
- Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Should you invest in GE Vernova stock?
Whether GE Vernova fits your portfolio depends on your goals. The company generates revenue from both equipment sales and long-term service contracts, with a large service backlog that adds predictability and stability to cash flows.
At the same time, GE Vernova is positioned to benefit from powerful long-term trends. Rising electricity demand, driven by data centers, AI workloads, and electric vehicle adoption, is expected to significantly increase power consumption over the coming years. That demand must be met with new generation capacity, creating opportunities for companies that build and service power infrastructure.
GE Vernova also stands to gain from the push toward cleaner energy. Its portfolio spans gas turbines, hydropower, nuclear energy, and wind, giving it exposure to multiple paths of the global energy transition. For investors seeking a mix of stability and long-term growth tied to rising electricity demand, GE Vernova may be worth a closer look.
NYSE: GEV
Key Data Points
Is GE Vernova profitable?
GE Vernova is a profitable company. But investors can't look back through decades of data to observe long-term profitability trends because General Electric only spun it off in 2024. That said, General Electric itself was profitable for decades leading up to the spinoff of GE Vernova, which provides reason to believe that its current profitability won't be a short-lived fluke.
In 2024, GE Vernova had about $1.6 billion in net income, which represented a 4.5% profit margin. And based on management's guidance, profits are expected to continue in 2025 and beyond.
GE Vernova's profits would be higher without its offshore wind business. The company's three business segments are power, electrification, and wind. The power and electrification segments both had positive earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023 and 2024. However, its wind segment had EBITDA losses during both periods, and management expects the same in 2025.
Still, GE Vernova is improving when it comes to its wind business and expects to turn the corner in the coming years. Meanwhile, other parts of the business have better margins, consistently leading to profitability for the overall business.
Does GE Vernova pay a dividend?
Before the spinoff, General Electric had paid a dividend for decades, but GE Vernova stock initially did not. In December 2024, however, management initiated a quarterly dividend, thanks to its strengthened financial position. Dividend payments are never guaranteed, but management intends to continue to pay its dividend quarterly for the foreseeable future.
How to invest in GE Vernova through ETFs
For people who like GE Vernova but are still uneasy about picking a single stock, exchange-traded funds (ETFs) offer a compelling alternative. Rather than pick one stock, these funds offer a collection of stocks based on particular themes.
Exchange-Traded Fund (ETF)
The bottom line
GE Vernova is a major global energy business. The company sells equipment for power generation, transmission, and storage and provides ongoing services to support its installed hardware base. A large backlog of business provides visibility into the future.
For investors who appreciate an established business with growth opportunities in exciting trends, GE Vernova is a blue chip stock to consider.
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