GE Vernova Stock Hits Record After Turbine Maker Raises Outlook, Doubles Dividend
Market Intelligence Analysis
AI-PoweredGE Vernova stock reached a record high after the company raised its growth outlook, doubled its dividend, and increased its share buyback program and free cash flow guidance, driven by the AI-driven boom in power demand.
Market impact analysis based on bullish sentiment with 85% confidence.
Article Context
GE Vernova stock soared after the maker of gas turbines and other power equipment boosted its growth outlook and planned increased payouts to investors. Shares in the GE spinoff, which has been riding an AI-driven boom in power demand, hit a record intraday high of $725 on Wednesday morning. The company doubled its annual dividend to $2 a share and increased both its share buyback program and its free cash flow guidance.
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