GE Vernova Stocks Rise With Jefferies Removal Testing Backlog Confidence

This article first appeared on GuruFocus. GE Vernova (NYSE:GEV), the power-generation and grid-equipment group, has demand piling up even as Jefferies shifts its preferred picks. Shares rose 1.61% to $871.66 at 9:55 a.m. ET on November 2. Jefferies removed the company from its Franchise Pick list and added Nextpower, The Fly reported that day. The list change alone does not establish a rating downgrade. Warning! GuruFocus has detected 6 Warning Signs with GEV. Is GEV fairly valued? Test your thesis with our free DCF calculator. The bigger operating story is the workload ahead. GE Vernova reported $29.3 billion in quarterly orders against $12.642 billion in revenue in its October 28 results, putting orders at roughly 2.3 times sales.