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News  ›  The Motley Fool

Why GE Vernova Stock Rocketed to a 52-Week High Today

The Motley Fool Logo The Motley Fool By Neha Chamaria
Why GE Vernova Stock Rocketed to a 52-Week High Today

GE Vernova announced ambitious financial goals through 2028, doubled its dividend, increased share buyback program, and is collaborating with the U.S. government to boost rare earth supplies, leading to a significant stock price surge.

Insights
PLTR   neutral

Mentioned as a popular AI software company, but noted as trading at expensive valuations


GEV   positive

Stock surged 15.9%, announced strong financial outlook through 2028, doubled dividend, increased share buyback, and collaborating with U.S. government on rare earth supplies