US EditionWhat's Going On With GE Vernova Stock Thursday? - GE Vernova (NYSE:GEV)
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4 Articles
What's Going On With GE Vernova Stock Thursday? - GE Vernova (NYSE:GEV)
GE Vernova Inc. (NYSE:GEV) reported a strong third quarter with orders surging 55% organically and announced it will acquire full ownership of Prolec GE, boosting its stake in North America’s transformer market and positioning the company to capture growing grid investment opportunities. Bank of America analyst Andrew Obin revised estimates for GE Vernova following third-quarter results. The analyst maintained the Buy rating with a price forecas…
GE Vernova acquired the total share of Prolec GE from the Mexican industrial conglomerate Xignux, for $5.2 billion GE Vernova, an energy equipment manufacturing and service company based in Cambridge, announced the acquisition of the remaining 50% of the shares of Prolec GE, a company that operated as a co-investment with the Mexican industrial conglomerate Xignux, in a transaction valued at $5.2 billion. With this operation, GE Vernova takes to…
Nuevo León continues to consolidate itself as Mexico’s industrial engine, driven by large-scale investments and global companies committed to its infrastructure and talent. On this occasion, one of the largest financial operations in the country was announced, the acquisition of the remaining 50% of Prolec GE by GE Vernova, for a total of $5.2 billion. With this and other operations, Nuevo León reached $110 billion in foreign direct investment (…
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