Can GE Vernova's R&D Pipeline Boost Its Clean-Energy Position?

GE Vernova Inc. GEV continues to benefit from its substantial investment in Research and Development (R&D). GE Vernova’s R&D efforts focus on driving the energy transition. The company is engineering the technologies, forging new partnerships and delivering innovations to electrify and decarbonize the world.The company engages in R&D to continuously improve its current offerings, create new offerings to satisfy the evolving needs and demands of its customers, and take advantage of emerging market opportunities.GE Vernova is currently pursuing more than 150 R&D initiatives across its global operations. Each business unit conducts its own R&D, supported by dedicated research hubs in locations such as Niskayuna, NY, and Bangalore, India. The Advanced Research team collaborates closely with these businesses to develop breakthrough technologies that will shape future product pipelines, driven by customer needs for cleaner, affordable, reliable and secure energy solutions. The group also works with established companies, start-ups and academic institutions to cultivate and commercialize new innovations, helping launch technologies and ventures that support the energy transition beyond GE Vernova’s traditional portfolio.GE Vernova’s steady commitment to innovation reinforces its leadership in the global energy transition. In 2024, the company allocated roughly $1.24 billion to R&D, and to support surging electricity demand from data centers and other sectors worldwide, it plans to invest a total of $9 billion in global capital expenditures and R&D by 2028.R&D Leaders Supporting the Global Energy TransitionAlong with GE Vernova, several other major players are ramping up their R&D efforts to support the global energy transition, which have been discussed below:Siemens SIEGY is focused on digitalization and Artificial Intelligence. It is advancing technologies such as its Gridscale X software platform for autonomous grid management and using digital twins for asset simulation. Schneider Electric SBGSY is pursuing a software-driven R&D strategy focused on its EcoStruxure platform and the creation of an “agentic AI” ecosystem designed to autonomously optimize energy use.GEV Stock’s Earnings EstimatesThe Zacks Consensus Estimate for 2025 and 2026 EPS indicates an increase of 33.87% and 69.73%, respectively, year over year. Image Source: Zacks Investment ResearchGEV Stock Trading at a PremiumGEV is trading at a premium relative to the industry, with a forward 12-month price-to-earnings of 48.66X compared with the industry average of 21.17X. Image Source: Zacks Investment ResearchGEV Stock’s Price PerformanceIn the past three months, the company’s shares have risen 0.6% compared with the industry’s 8.7% growth. Image Source: Zacks Investment ResearchGEV’s Zacks RankThe company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schneider Electric SE (SBGSY): Free Stock Analysis Report Siemens AG (SIEGY): Free Stock Analysis Report GE Vernova Inc. (GEV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks