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Post-Earnings Analysis: GE Vernova Stock Cannot Be Stopped
GE Vernova (NYSE:GEV) stock surged 13.1% to $1,121.30, hitting a new record high after reporting robust first-quarter earnings that beat analyst estimates and a hiked annual revenue forecast. The utility company’s stock is up 243% in the last 12 months, with analysts noting its consistent weekly gains and strong support at its 40-day moving average. Despite previously bearish options trading, the current activity has shifted towards calls, indicating growing investor confidence.