GE Vernova
Makes turbines and equipment to produce electricity and carry it where it's needed.
📖 Its story
Its story starts in 1892 with General Electric, the company tied to Thomas Edison. For more than a century, GE made turbines for power plants. In April 2024 that part split off, and GE Vernova was born as its own company.
💵 How it makes money
It sells gas turbines, wind turbines and electrical equipment to energy companies, and charges to service them.
🤯 Fun fact
It started trading on the New York Stock Exchange as a separate company on April 2, 2024.
👍 The good part
It helps bring electricity to homes, schools and hospitals, even with energy from the wind.
⚠️ The risk
Its projects are huge, and if they go wrong or run late, it can lose a lot of money.
🧠 Did you get it?
In what year did GE Vernova split off from General Electric?
🗂️ Quick facts
- Founded in: 1892
- Founded by: Thomas Edison, Charles Coffin and other partners (General Electric)
- Home: Cambridge, Massachusetts, USA
🔎 How to find it on the stock market
- Search the internet for GEV stock.
- You can also find it in your parents' investing app with the letters GEV.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in GE Vernova. Ask your mom or dad to join the list.
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