GE Vernova begins trading on New York Stock Exchange, Energy News, ET EnergyWorld

New Delhi: GE Vernova on Tuesday said its spin-off from GE is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol GEV, effective at the market opening today.

In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, will ring the opening bell together at 9:30 am ET, said the official press release.

“Today, GE Vernova becomes an independent company singularly focused on accelerating the energy transition to create a more sustainable future,” said Scott Strazik, CEO of GE Vernova.

With an installed base of over 7,000 gas turbines, about 55,000 wind turbines, and leading-edge electrification technology, the company generates about 30 per cent of the world’s electricity, added the release.

  • Published On Apr 2, 2024 at 05:23 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETEnergyworld App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App