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GE Vernova Set to Invest $600M in US: Should You Buy the Stock or Let Go?
GEVGE Vernova Inc.(GEV) ZACKS·2025-02-05 23:06

GE Vernova Inc. (GEV) recently revealed its plans to invest almost 600millioninitsU.S.factoriesandfacilitiesoverthenexttwoyearstoaddressrisingglobalenergydemand,whichisexpectedtodoubleby2050.Thisinvestmentisaimedatenhancingenergyaffordability,nationalsecurityandcompetitivenesswhilebolsteringAmericanmanufacturingforexpandingexports.Theinitiative,partofthecompany’sbroader600 million in its U.S. factories and facilities over the next two years to address rising global energy demand, which is expected to double by 2050. This investment is aimed at enhancing energy affordability, national security and competitiveness while bolstering American manufacturing for expanding exports.The initiative, part of the company’s broader 9-billion capital expenditure and research and development plan through 2028, underscor ...