Shares of GE Vernova Inc. (GEV) are climbing about 14 percent during Wednesday morning trading after the company announced its first-quarter financial results, reporting net income of $4.750 billion or $17.44 per share from $264 million or $0.91 per share in the prior-year period.
The company's shares are currently trading at $1,135.57 on the New York Stock Exchange, up 14.55 percent, or $143.98. The stock opened at $994.00 and has climbed as high as $1,127.96 so far in today's session. Over the past year, it has traded in a range of $333.19 to $1,127.96.
Also, adjusted EBITDA rose to $896 million from $457 million a year ago. Revenue grew 16% to $9.339 billion from $8.032 billion last year. Organic revenue rose 7% to $8.587 billion from $7.997 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.