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Spin-offs/GE Aerospace (General Electric) → GE Vernova

GE VernovaGEV

Spin-off from GE Aerospace (General Electric) (GE) · Apr 2, 2024 · NYSE

Announced
Nov 9, 2021
Form 10 filed
Feb 15, 2024
Record date
Mar 19, 2024
Distributed
Apr 2, 2024
Ratio
1 : 4
Debt loaded
—
Cash to parent
—
Latest filing
Mar 5, 2024

one share of GE Vernova for every four shares of GE

Documents

Form 10Information statementAnnouncement 8-KPress releaseNew company filingsParent filings

Both companies today

The new company
GE VernovaGEV
Market cap
$256.2B
Moat
Narrow
Quality
45
Price
$941.95
Fair value
$845.62
Price / FV
1.04×
The parent
GE Aerospace (General Electric)GE
Market cap
$357.7B
Moat
Wide
Quality
62
Price
$337.12
Fair value
$170.61
Price / FV
1.96×

Moat ratings, quality scores and fair value estimates are MoatScope research opinions and refresh with the data pipeline. Price / FV below 1.00× means the shares trade under our base-case estimate.

What is being separated

GE Vernova is GE's former energy business — power (gas, nuclear, hydro and steam), wind, and electrification equipment and services — serving utilities and industrial customers worldwide.

Stated rationaleGE said splitting into three focused, investment-grade public companies — GE Aerospace, GE HealthCare and GE Vernova — would let each pursue its own strategy and capital allocation.

The four questions

The four-question write-up for GE Vernova is pending. Terms, documents and both companies’ numbers above are live; the checklist is added once the information statement has been worked through.

Not investment advice. Terms are as stated in the latest filing; spin-off shares are often thinly covered and volatile in their first months.