Supplychain
GE Vernova: All Roads Point to the Nat Gas Behemoth
GE Vernova is part of the spinoff that General Electric first announced in 2021 and later completed in 2024. The company broke up its three biggest segments into separate units: GE Healthcare was spun off first in 2023, GE Vernova for the Energy business was spun off in 2024 and began trading as GEV, and GE Aerospace was the business that remained with the existing stock ticker GE. As you can imagine, coming from General Electric, GE Vernova is a massive company that can easily slip under the market’s radar given it does not have much history on the public markets. At the time the Energy segment was split up, it was seeing $33 billion in revenue and was helping to generate 30% of the world’s electricity with 55,000 wind turbines and 7,000 gas turbines.
Sign in to read the full article
Sign in with your I/O Fund account to check your plan access.
