GE Vernova (NYSE:GEV) Issues Earnings Results

GE Vernova (NYSE:GEV) released its quarterly earnings data on Wednesday. The company reported $13.39 earnings per share for the quarter, beating the consensus estimate of $2.99 by $10.40, FiscalAI reports. GE Vernova had a return on equity of 17.07% and a net margin of 4.52%.The company had revenue of $10.96 billion for the quarter, compared to analyst estimates of $10.21 billion. During the same period in the prior year, the company posted $1.73 EPS. The company’s revenue was up 3.8% compared to the same quarter last year.

Here are the key takeaways from GE Vernova’s conference call:

• GE Vernova booked $59 billion of orders in 2025 and finished the year with a $150 billion backlog (up ~25%), with gas power slot reservations up to 83 GW and a goal of ~100 GW by end‑2026.
• The company raised 2026 guidance (now $44–45B revenue and 11–13% adjusted EBITDA margin), will close the Prolec GE acquisition Feb 2 (included in guidance), doubled the dividend for 2026, and increased the buyback authorization to $10 billion.
• Management emphasized margin expansion and operational ramp‑up — adding $8 billion of equipment backlog margin dollars in 2025, targeting ~20 GW annual gas turbine capacity by mid‑2026, and generating $3.7 billion of free cash flow in 2025.
• Wind remains a near‑term headwind after the U.S. offshore stop‑work order, driving roughly $600 million of 2025 wind losses, an expected Q1 2026 wind loss of $300–400 million, and a potential ~$250 million revenue hit if remaining Vineyard Wind turbines cannot be installed by March.

GE Vernova Stock Performance

NYSE GEV opened at $710.57 on Wednesday. GE Vernova has a fifty-two week low of $252.25 and a fifty-two week high of $731.00. The firm’s fifty day moving average price is $643.71 and its two-hundred day moving average price is $619.78. The stock has a market cap of $192.79 billion, a PE ratio of 113.98, a PEG ratio of 2.83 and a beta of 1.67.

GE Vernova Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be issued a dividend of $0.50 per share. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 5th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. GE Vernova’s payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GEV shares. Rothschild Redb downgraded shares of GE Vernova from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Glj Research upped their target price on shares of GE Vernova from $758.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. China Renaissance started coverage on shares of GE Vernova in a research report on Wednesday. They set a “buy” rating and a $966.00 price target for the company. Citigroup lifted their price objective on GE Vernova from $658.00 to $708.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company increased their price target on GE Vernova from $717.00 to $831.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, GE Vernova currently has an average rating of “Moderate Buy” and an average target price of $711.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GEV. State Street Corp grew its holdings in GE Vernova by 1.3% in the third quarter. State Street Corp now owns 11,238,278 shares of the company’s stock worth $6,910,417,000 after purchasing an additional 140,500 shares during the period. Northern Trust Corp boosted its holdings in GE Vernova by 1.8% during the 3rd quarter. Northern Trust Corp now owns 2,877,458 shares of the company’s stock worth $1,769,349,000 after acquiring an additional 51,738 shares during the last quarter. Amundi grew its position in GE Vernova by 0.9% in the 3rd quarter. Amundi now owns 1,371,319 shares of the company’s stock worth $827,207,000 after purchasing an additional 11,864 shares in the last quarter. AQR Capital Management LLC increased its position in shares of GE Vernova by 12.6% during the third quarter. AQR Capital Management LLC now owns 1,158,362 shares of the company’s stock valued at $700,566,000 after acquiring an additional 129,848 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of GE Vernova by 66.0% during the 2nd quarter. Raymond James Financial Inc. now owns 944,567 shares of the company’s stock worth $499,817,000 after purchasing an additional 375,677 shares during the period.

GE Vernova News Roundup

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Huge earnings and revenue beat — Q4 EPS was $13.39 vs. roughly $3 expected and revenue of $10.96B topped estimates; management highlighted margin expansion and stronger cash generation, which underpins the stock rally. GE Vernova (GEV) Surpasses Q4 Earnings and Revenue Estimates
• Positive Sentiment: Company raised its outlook and flagged continued strong demand — management lifted FY guidance and cited robust demand for electrification and electric‑grid equipment, which supports revenue visibility and multiple expansion. GE Vernova’s stock jumps as demand for electric-grid equipment fuels a raised outlook
• Positive Sentiment: Large backlog and shareholder return move — management touted a ~$150B backlog and announced a dividend that was doubled, signaling confidence in forward cash flow and boosting investor sentiment. GE Vernova Flaunts $150 Billion Backlog, Doubles Dividend
• Neutral Sentiment: Analyst coverage and positioning — brokers have adjusted forecasts ahead of and after the print (average rating around “Moderate Buy”), and option/whale activity has been noted; this increases liquidity and attention but outcomes depend on guidance details. GE Vernova Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
• Negative Sentiment: Market headwinds and policy/oversupply concerns — some analysts warn about regional oversupply in power markets and policy proposals (e.g., PJM auction changes) that could pressure future orders or pricing in parts of the business. Mixed analyst sentiment on GE Vernova (GEV) amid oversupply concerns and PJM emergency auction proposal
• Negative Sentiment: Some market commentators urge caution on valuation — high P/E and rapid share gains have prompted warnings (e.g., calls for better entry points), which could cap near‑term upside if investors rotate out. Jim Cramer on GE Vernova: “I think you need a better entry point”

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.