GE Vernova Inc. (NYSE: GEV)
Specialty Industrial Machinery · Cambridge, MA, United States · Founded 2024
- Market capitalization: $70.0 billion
- Annual revenue: $33.0 billion
- Net income: $1.0 billion
- Employees: 80,000
- Sector: Industrials
- Headquarters: Cambridge, United States
- Founded: 2024
Source: Statvoo company profile for GE Vernova Inc.. Browse all 500+ companies
GE Vernova is the energy business spun off from General Electric in April 2024, covering power generation (gas turbines, nuclear), wind energy, and grid electrification. They're one of the largest energy technology companies in the world, with equipment generating roughly 25% of global electricity. The wind business has been the problem child.
Sell power generation equipment (gas turbines, wind turbines, grid solutions), then earn recurring revenue from long-term service agreements. The gas turbine service business is the profit engine — GE's installed base of heavy-duty gas turbines is the largest in the world. Wind and grid are the growth bets.
GE's energy business has roots going back to Thomas Edison. The spin-off from GE in April 2024 created an independent energy technology company. The onshore wind business has been losing money due to warranty issues and supply chain problems, while the gas turbine business prints cash.
| Market Capitalization | $70.0B |
| Annual Revenue | $33.0B |
| Net Income | $1.0B |
| Profit Margin | 3% |
| Revenue per Employee | $412500K |
| Stock Exchange | NYSE |
| Ticker Symbol | GEV |
Financial data is approximate and based on most recent annual filings.
GE Vernova's gas turbines generate enough electricity to power over 1 billion homes. The company's Haliade-X is the world's most powerful offshore wind turbine, with blades longer than a football field.
GE Vernova's gas turbine franchise is a cash machine, and the grid electrification opportunity is massive. Fix the wind business, and this stock re-rates significantly.
What is GE Vernova Inc.'s revenue?
GE Vernova Inc. generates approximately $33.0 billion in annual revenue.
How many employees does GE Vernova Inc. have?
GE Vernova Inc. employs approximately 80,000 people worldwide.
What is GE Vernova Inc.'s market cap?
GE Vernova Inc. (GEV) has a market capitalization of approximately $70.0 billion on the NYSE.
When was GE Vernova Inc. founded?
GE Vernova Inc. was founded in 2024 and is headquartered in Cambridge, MA, United States.
Who is the CEO of GE Vernova Inc.?
Scott Strazik is the current CEO of GE Vernova Inc..
What is GE Vernova Inc.'s website?
GE Vernova Inc.'s official website is gevernova.com.
| CEO | Scott Strazik |
| Sector | Industrials |
| Industry | Specialty Industrial Machinery |
| Founded | 2024 |
| HQ | Cambridge, MA |
| Country | United States |
| Website | gevernova.com |
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