GE Vernova získala od Stromnetz Berlin dvě zakázky na návrh, dodávku a instalaci 110kV plynem izolovaných rozvoden ve Wittenau a Neuköllnu v Berlíně. Akcie ve čtvrtek klesly o 3,36 %.
BofA Securities remains bullish on GE Vernova Inc. (NYSE:GEV) as strong demand for power-generation and grid equipment continues to support the company’s growth outlook.
Analyst Andrew Obin reiterated a Buy rating on the stock with a $1,310 price forecast.
• GE Vernova stock is showing notable weakness. What’s pressuring GEV stock?
Obin expects strong second-quarter order growth, driven by demand for gas-power and grid equipment. BofA Securities forecasts total orders of $19.6 billion, up 59% year over year and slightly above the $19.4 billion consensus estimate.
The projection includes $11.1 billion in Power orders, $7 billion in Electrification orders, and $1.6 billion in Wind orders.
Power: Gas Demand Drives OrdersBofA Securities expects GE Vernova to secure 13 gigawatts of gas-power equipment contracts during the quarter. The projection includes 9 gigawatts of firm orders and 4 gigawatts of net slot reservation agreements.
The firm forecasts Power revenue of $5.61 billion, up 17% year over year, with an adjusted EBITDA margin of 17.9%.
Power orders could rise 57% to $11.1 billion, supported by demand for gas-turbine equipment and services.
Electrification: Key Upside DriverObin views Electrification as the segment most likely to outperform expectations.
BofA Securities forecasts segment revenue of $3.47 billion, representing 60% reported growth. The estimate includes a 25-percentage-point contribution from GE Vernova’s acquisition of the remaining interest in the Prolec joint venture.
The firm projects an 18% adjusted EBITDA margin and believes management’s guidance for modest sequential margin expansion may prove conservative.
Wind: Weakness PersistsBofA Securities expects Wind revenue to decline 16% to $1.88 billion, reflecting continued weakness in the U.S. onshore wind market.
The firm forecasts an adjusted EBITDA loss of $280 million for the segment.
Financial Outlook and ValuationBofA Securities projects second-quarter revenue of $10.84 billion and adjusted EBITDA of $1.21 billion.
For 2026, the firm forecasts revenue of $45.49 billion, adjusted EBITDA of $6.27 billion, and free cash flow of $7.35 billion.
BofA Securities bases its $1,310 price forecast on 40 times estimated 2027 adjusted EBITDA. Obin believes the premium valuation reflects GE Vernova’s above-peer earnings growth and margin-expansion outlook.
Risks include changes to wind incentives, execution challenges, weaker gas turbine demand, and contract cost overruns.
Stromnetz Berlin: GE Vernova Wins Grid ContractsSeparately, GE Vernova said Thursday that it secured two contracts from Stromnetz Berlin GmbH to design, deliver and install 110-kilovolt gas-insulated substations in Wittenau and Neukölln.
The substations will use GE Vernova’s SF₆-free g³ technology, which reduces the insulating medium’s global warming potential by about 99% compared with SF₆.
The projects will modernize sections of Berlin’s high-voltage network serving homes, businesses and public infrastructure.
The contracts expand the company’s involvement in European grid modernization and support demand for its Electrification equipment.
GEV Stock Price Activity: GE Vernova shares were down 3.36% at $1,019.80 at the time of publication on Thursday, according to Benzinga Pro data.
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Trh čeká, že GE Vernova za čtvrtletí vykáže EPS 3,17 USD a tržby 10,77 miliardy USD, tedy meziroční růst o 70,4 % a 18,2 %. Výsledky mají být zveřejněny 22. července.
Wall Street expects a year-over-year increase in earnings on higher revenues when GE Vernova (GEV - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 22, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis the energy business spun off from General Electric is expected to post quarterly earnings of $3.17 per share in its upcoming report, which represents a year-over-year change of +70.4%.
Revenues are expected to be $10.77 billion, up 18.2% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.41% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for GE Vernova?For GE Vernova, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -8.69%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that GE Vernova will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that GE Vernova would post earnings of $1.84 per share when it actually produced earnings of $1.98, delivering a surprise of +7.61%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
GE Vernova doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
GE Vernova plánuje do roku 2028 investovat 11 miliard USD do kapitálových výdajů a výzkumu a vývoje. V Itálii dokončila modernizaci laboratoře v Noventa di Piave a rozšiřuje i závod v Sesto San Giovanni za více než 30 milionů USD.
Key Takeaways GE Vernova plans $11B in capex and R&D through 2028 as it scales investments for long-term growth. Its upgraded Noventa lab will test transformers and disconnectors for tougher, renewable-heavy grids. Italy investments include a $30M-plus Sesto expansion, with Noventa adding about 15 workers annually. GE Vernova (GEV - Free Report) is entering a phase of elevated investment, with plans to invest $11 billion in capex and research and development in the 2025-2028 timeframe. As part of this plan, the company recently announced the completion of the modernization of its high-voltage R&D laboratory at the Noventa di Piave site, near Venice, Italy.
The project is part of a broader four-year investment of about $7.2 million to strengthen the site's role in developing technologies that make power grids more reliable, flexible and resilient. As electricity demand increases and more renewable energy is added to the grid, utilities need modern equipment that can operate under tougher conditions. The upgraded laboratory will enable GE Vernova to test critical equipment, such as transformers and disconnectors, before it is installed in power networks.
The investment adds to GE Vernova's ongoing spending across its electrification business in Italy, including the recently announced expansion of the manufacturing facility in Sesto San Giovanni, which is valued at more than $30 million. The Noventa di Piave facility is part of GE Vernova's Electrification segment. With more than 50 years of experience, it has become an important part of the company's operations in Italy.
The site currently employs more than 300 people and plans to hire about 15 additional employees annually in the coming years. The modernization project supports the facility's long-term growth, helps attract skilled workers and strengthens its contribution to the local economy.
Together, the Noventa di Piave and Sesto San Giovanni facilities form an important part of GE Vernova's operations in Italy. They provide manufacturing, research and testing capabilities that support the country's power infrastructure while serving customers in export markets worldwide. GE Vernova has supported Italy's power sector for more than 100 years. Today, its technology helps power about 25% of Italy's electricity generation capacity.
To conclude, GE Vernova's aggressive investment strategy reflects confidence. Going forward, we are likely to see higher capex spending. This also appears to mark a turning point as the company positions itself for growth, stronger margins and long-term value creation.
Taking a Look at the R&D Plans of CompetitorsEmerson Electric (EMR - Free Report) continues to increase investments in research and development to strengthen its automation, software and intelligent industrial technologies portfolio. Following the acquisitions of National Instruments and AspenTech, the company is focusing its R&D efforts on AI-enabled automation, industrial software, machine vision, test and measurement systems, digital twins and advanced process control.
These technologies are designed to help manufacturers improve productivity, optimize energy use and accelerate digital transformation across industries such as power generation, chemicals, life sciences and semiconductors. Emerson spent $771 million on R&D in fiscal 2025, reflecting its continued commitment to product innovation.
Emerson plans to deepen the integration of hardware, software and industrial AI across its automation platform. The company is expanding research into autonomous operations, edge computing, predictive maintenance, cybersecurity and cloud-based industrial software.
Eaton Corporation (ETN - Free Report) continues to prioritize research and development as demand grows for electrification, grid modernization and intelligent power management. The company's innovation strategy focuses on next-generation switchgear, circuit protection, transformers, digital substations, power distribution equipment and energy storage integration.
ETN is also investing in software, power electronics and intelligent electrical systems that help utilities and commercial customers improve grid reliability while supporting renewable energy, electric vehicles and AI-driven data centers. Eaton's long-term investment strategy is centered on the structural growth opportunities created by electrification and digitalization.
ETN's R&D pipeline increasingly targets connected and software-enabled electrical infrastructure. The company is expanding development of digital monitoring platforms, predictive maintenance tools, microgrid technologies and energy management solutions that improve efficiency and resilience across power networks.
GEV Price Performance, Valuation and EstimatesShares of GE Vernova have surged in double digits (% wise) so far this year, easily surpassing the Zacks Alternate Energy – Other industry’s growth.
YTD Price Comparison
Image Source: Zacks Investment Research
GE Vernova trades at a forward 12-month price-to-sales (P/S) ratio of 5.74, above the industry’s reading.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for GEV’s earnings has been revised over the past 30 days.
Image Source: Zacks Investment Research
GEV’s Zacks RankGEV currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GE Vernova v poslední obchodní den klesla o 6,51 % na 1 077,08 USD. Trh čeká výsledky za 22. července 2026, s odhadovaným EPS 3,23 USD a tržbami 10,78 mld. USD.
GE Vernova (GEV - Free Report) closed the most recent trading day at $1,077.08, moving -6.51% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 0.25%, while the tech-heavy Nasdaq depreciated by 1.16%.
The the energy business spun off from General Electric's shares have seen an increase of 23.36% over the last month, surpassing the Oils-Energy sector's loss of 5.87% and the S&P 500's gain of 2.14%.
Market participants will be closely following the financial results of GE Vernova in its upcoming release. The company plans to announce its earnings on July 22, 2026. The company's upcoming EPS is projected at $3.23, signifying a 73.66% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10.78 billion, up 18.32% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $30.64 per share and a revenue of $45.34 billion, representing changes of +73.21% and +19.09%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for GE Vernova. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.42% higher. GE Vernova currently has a Zacks Rank of #2 (Buy).
In terms of valuation, GE Vernova is presently being traded at a Forward P/E ratio of 37.6. Its industry sports an average Forward P/E of 18.07, so one might conclude that GE Vernova is trading at a premium comparatively.
We can also see that GEV currently has a PEG ratio of 2.09. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Alternative Energy - Other was holding an average PEG ratio of 2.16 at yesterday's closing price.
The Alternative Energy - Other industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 101, placing it within the top 42% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
GE Vernova (GEV - Free Report) closed at $1,134.35 in the latest trading session, marking a -3.45% move from the prior day. This change lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Coming into today, shares of the the energy business spun off from General Electric had gained 21.16% in the past month. In that same time, the Oils-Energy sector lost 4.76%, while the S&P 500 lost 1.21%.
The investment community will be closely monitoring the performance of GE Vernova in its forthcoming earnings report. The company is scheduled to release its earnings on July 22, 2026. The company is forecasted to report an EPS of $3.16, showcasing a 69.89% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $10.78 billion, indicating a 18.29% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $30.59 per share and a revenue of $45.34 billion, signifying shifts of +72.92% and +19.09%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for GE Vernova. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.07% higher. GE Vernova is currently a Zacks Rank #2 (Buy).
From a valuation perspective, GE Vernova is currently exchanging hands at a Forward P/E ratio of 38.41. This denotes a premium relative to the industry average Forward P/E of 18.22.
It's also important to note that GEV currently trades at a PEG ratio of 2.13. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Alternative Energy - Other industry currently had an average PEG ratio of 2.18 as of yesterday's close.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 155, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
GE Vernova těží z boomu investic do AI datacenter; backlog vzrostl na 76 miliard USD a smlouvy o rezervaci kapacity na 56 GW. To podporuje budoucí tržby ze servisu i hotovostní tok.
The stock of GE Vernova (GEV 2.93%) is up almost 60% in 2026 as of this writing. The capital investment boom in artificial intelligence (AI) data centers has proved stronger than the market expected going into the year, and the benefits are immediately visible in the company's guidance and backlog growth. Still, can the good run continue in 2026?
The GE Vernova investment analysis Ultimately, the answer comes down to ongoing market conditions for investment in AI data centers (GE Vernova makes gas turbines that power them and electrification equipment essential to their operation), growth in its equipment backlog, and something called slot reservation agreements (SRAs). These events are key to the investment case for the stock and help differentiate the company from many other AI-related stocks.
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First, despite being known as an equipment company, GE Vernova generates the bulk of its profit from services. The company sells gas turbines (and wind turbines) that come with long-term service agreements attached, which generally run for 5 to 25 years and "generally include maintenance associated with major outage events," according to the company's Securities and Exchange Commission filings. So the company locks in long-term services revenue as equipment deliveries grow.
Moreover, it generates service revenue from its electrification segment, as grid solutions, power conversion, and software will need upgrades and replacements over time. The good news is that across all three segments (power, electrification, and wind), its services margin is much higher than its equipment margin.
2025
Sales
Cost
Gross Profit
Gross Profit Margin
Equipment
$20.93 million
$18.76 million
$2.17 million
10.4%
Services
$17.13 million
$11.77 million
$5.36 million
31.3%
Data source: GE Vernova presentations. Table by the author.
All together, when GE Vernova increases its equipment backlog, as it did in the first quarter by reporting a $76 billion backlog, compared to a $64 billion backlog at the end of 2025, then investors need to start penciling in increased long-term earnings and cash flow from servicing gas power turbines (particularly heavy-duty gas power turbines used for data centers), and wind turbines.
Slot reservation agreements SRAs are contracts under which customers pay up-front to secure future manufacturing slots for equipment. Their growth is a key marker of surging demand, and they increased to 56 gigawatts (GW) in the first quarter from 43 GW at the end of 2025. That increase implies more up-front cash flow for GE Vernova, and given that its billing agreements "are generally based on achieving specified milestones," it's likely to result in more near-term cash flow for the company as those milestones are hit.
Image source: Getty Images.
A stock worth buying? As long as GE Vernova's equipment orders and backlog keep growing, the stock is likely to do well as investors price in more near-term SRAs and long-term recurring, higher-margin services revenue -- something to watch in the coming earnings reports.
An exclusive look inside GE Vernova's largest gas turbine plant in Greenville, South Carolina, offers fresh evidence that the artificial intelligence boom is going strong.
Inside, engineers are working alongside factory workers to speed up production of this complex machine. The company hired 200 workers last year, and 300 more are expected to start working at this factory by the end of the year.
Fueling the growth is AI.
Hyperscalers — companies like Amazon, Google, Microsoft and Oracle — are lining up to buy the company's gas turbines. With AI data centers requiring a considerable amount of energy and bottlenecks in the grid emerging, these companies are increasingly relying on standalone energy sources, like gas turbines.
"Right now, when you need power at scale and you need firm power, the industrial gas turbine is one of the leading solutions for that," Pablo Koziner, chief commercial and operations officer at GE Vernova, told CNBC.
The AI opportunity is prompting leaders from OpenAI and other companies to gain a deeper understanding of industrial design and power generation.
Executives from nearly every major hyperscaler have walked the floor of the factory, according to a person familiar with the visits, who asked not to be named because the details are not public.
Read more CNBC tech newsOracle stock has worst week since 2001 dot-com bust as AI financing concerns escalateOpenAI hasn't held pre-IPO investor meetings or set timeline yet, sources sayOpenAI and Anthropic face new AI reality as users shift from 'tokenmaxxing' to efficiencyOpenAI limits new AI models to 'trusted partners' at request of U.S. governmentThe turbines are massive, at 31 feet tall and weighing 280 tons. One turbine can power roughly half a million homes.
"When we think of what the world needs for electrification and what we need to power this AI surge that we're living, a lot of that stuff comes right out of this factory," said Koziner.
Microsoft just bought seven of them to power its data center in Texas. At 2.7 gigawatts, it's enough electricity to power about 3 million homes.
GE Vernova turbines are already online at Elon Musk's xAI Colossus 1 campus in Tennessee, and nearly a gigawatt more are being deployed at OpenAI's Stargate project in Texas, according to Cleanview, an organization that tracks data center development.
Demand for these machines far outstrips supply, with the order book full through 2029. Koziner added that the company is booking more into 2030 and even 2031.
"Today, about 20% of our gas power order book is going to a data center, artificial intelligence-type of application," he said.
One turbine can cost more than $250 million, according to industry estimates. The price has soared, up 300% in the last 3 years, according to analysts at Melius. The steep rise in prices underscores why AI capital expenditure budgets continue to move up, a leading concern among tech investors.
That spending surge has been a boon for GE Vernova, with its stock gaining nearly 60% in the past six months.
Public pushback on data center development and growing environmental concerns could challenge the AI buildout.
GE Vernova said it's working on making its turbines more environmentally friendly.
"We also put a lot of time and effort into the sustainability of these machines," Koziner said. "And the turbine that you're looking at here is two times more efficient than a turbine that we would have produced 20 years ago."
Ceny plynových turbín GE Vernova za tři roky vzrostly asi o 300 % a kapacity jsou vyprodané na roky dopředu. Firma zároveň zvýšila celoroční výhled tržeb na 44,5 až 45,5 miliardy USD.
Power has become the bottleneck in the AI buildout. CNBC’s Seema Mody walked the floor of GE Vernova‘s (NYSE:GEV | GEV Price Prediction) 400-acre South Carolina plant on June 24, 2026, and her reporting captured the single most important pricing signal in the energy supercycle: gas turbine pricing has risen roughly 300% over the last three years, with the order book sold out for years.
That single data point reframes the GE Vernova thesis. Here is what investors need to take away.
Inside the World’s Largest Gas Turbine Plant The machine at the center of Mody’s segment is GE Vernova’s most powerful gas turbine. It is roughly 30 feet long, weighs about 280 tons, uses controlled explosions to spin its rotors, and generates enough electricity to power about half a million homes. Hyperscalers are buying them in fleets.
The marquee example: Microsoft recently bought seven of these turbines for its Texas data center project, totaling roughly 2.7 gigawatts of capacity. That aligns with the Microsoft and Chevron Project Kilby announcement, a 2.67 gigawatt facility in West Texas tied to a 20-year power purchase agreement using GE Vernova turbines, with first power expected in 2028.
The demand picture goes well beyond Microsoft. According to Mody’s reporting, executives from every hyperscaler, including OpenAI’s head of power, have walked the floor to vet the plant’s output. The order book is full through 2029, with orders extending to 2031. A GE executive in the segment acknowledged the supply-demand imbalance and pointed to higher manufacturing throughput and lean discipline as the response.
The Numbers Behind the Surge The pricing power shows up in the financials. In Q1 2026, GE Vernova reported revenue of $9.30 billion, up 15.8% year over year, with orders of $18.30 billion, up 71% organically. The Electrification segment alone booked $2.4 billion in data center equipment orders in the quarter, more than all of 2025. Gas Power combined backlog and slot reservations moved from 83 GW to 100 GW, with management targeting at least 110 GW by year-end 2026.
CEO Scott Strazik framed it directly in the Q1 2026 release: “Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter.” Management raised 2026 guidance to $44.5 to $45.5 billion in revenue, 12% to 14% adjusted EBITDA margin, and $6.5 to $7.5 billion in free cash flow.
Investor Lens: Is GEV Still a Top Stock to Buy? The stock has already priced in much of this. Shares trade at $1,066.01 as of June 24, 2026, with a market cap near $303 billion. GEV is up 58.65% year to date and 107.6% over one year. Valuation sits at 33x trailing earnings and 40x forward (as a note, trailing earnings were inflated by one-time sale benefits, so forward earnings are a better measure for GEV), with analyst sentiment skewed positive: 6 Strong Buy, 23 Buy, 7 Hold, 0 Sell ratings, and a $1,211.72 average target. Bernstein recently initiated with an Outperform rating and a $1,206 price target.
Bull case: a multi-year sold-out backlog, demonstrated pricing power, hyperscaler validation across every major buyer, and 2028 targets of $56 billion in revenue at a 20% EBITDA margin. Natural gas remains the cheapest, most deployable bridge fuel for AI campuses that cannot wait on grid interconnect queues.
Risk case: the stock’s five-year return of 691.87% leaves little room for execution slips. The Wind segment is still guided to roughly $400 million in EBITDA losses in 2026. Demand visibility past 2031 thins out as small modular reactors and other nuclear options come online. Recent retail sentiment has cooled from bullish on May 26, 2026 to bearish by June 9, 2026, and shares fell 7.32% on June 23 on broader AI-infrastructure risk-off flows.
Power generation has become the choke point of the AI arms race, and GE Vernova sits at the narrowest part of that funnel through the end of the decade. The question for investors is whether a sold-out 2029 justifies paying for the uncertain 2032.
