It closed its last coal-fired station in 2014. GE Vernova, which began trading April 2 on the NY Stock Exchange under the symbol GEV, is made up of three of the former parent's businesses: Electrification, which includes its power grid and battery storage equipment and had $6.4 billion in 2023 revenue; Power, its gas, hydro, nuclear and steam technologies services, with $17.4 billion in revenue last year, and Wind, made up of manufacture of offshore and onshore wind energy turbines and rotor blades, with $9.9 billion in 2023 revenue. Related to the spinoff, analysts at Goldman Sachs said they are "encouraged by the progress this management team has made over the last two-plus years to make GEV a structurally more profitable enterprise," adding it is "uniquely positioned to benefit as the energy transition unfolds."