Stock-Split Watch: Is GE Vernova Next?
Yahoo Finance ·
GE Vernova ( GEV -1.41% ) has been an extremely successful spinoff. The company's stock has surged about sevenfold since separating from General Electric (GE) in April 2024. The spinoff enabled management to focus intently on the energy segments without distraction from other legacy GE businesses. The resulting strong stock performance came from a surging backlog of orders, while management expanded profit margins, generating massive free cash flow. With the stock recently trading above $1,000 per share after a more than 50% gain this year, now may be the time for GE Vernova to split its stock, which would lower the share price, increase the number of shares, and have no effect on the value of an individual's shares.
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