Should Investors Take Profits in GE Vernova After Its Big Run?
The stock has surged in the past couple of years, and management recently raised its full-year revenue guidance amid booming demand for its power equipment.
Overview
GE Vernova (NYSE: GEV) stock has surged ever since it spun off from former conglomerate General Electric (now GE Aerospace).
Thanks to surging demand from data centers, GE Vernova has seen a massive boost in demand for its power equipment, catapulting the stock 674% since its spinoff a couple of years ago. The company has seen unprecedented demand for its gas turbines and grid infrastructure, securing backlog and slot reservations for years in advance.
Details
However, after its massive run-up, is it time for investors to take profits in the industrial energy stock? Let's dive into its outlook and valuation to find out.
Source
Originally published at www.fool.com.