GE Vernova Inc. (GEV) AI Stock Analysis

• Market Cap: $201.13B
• Dividend Yield: 0.14%
• Average Volume (3M): 2.68M
• Price to Earnings (P/E): 44.1
• Beta (1Y): 1.40
• Revenue Growth: 9.43%
• EPS Growth: 35.56%
• Country: US
• Employees: 76,800
• Sector: Industrials
• Sector Strength: 72
• Industry: Renewable Utilities
• EPS (TTM): 13.48
• Shares Outstanding: 269,529,450
• 10 Day Avg. Volume: 3,732,635
• 30 Day Avg. Volume: 2,684,409
• PEG Ratio: 0.17
• Price to Book (P/B): 15.90
• Price to Sales (P/S): 4.67
• P/FCF Ratio: 47.90
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 5.02
• Enterprise Value/Gross Profit: 25.21
• Enterprise Value/Ebitda: 51.94
• 1Y Price Target: $858.23
• Price Target Upside: 46.67% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 24
• EPS Forecast (FY): 13.92
• Revenue Forecast (FY): $44.08B

• Rating: 75 Outperform
• Price Target: $839.00 ▲(43.38% Upside)

Score is driven primarily by improved financial performance (profitability and strong cash-flow inflection) and supportive earnings-call updates (raised 2026/2028 guidance, strong orders/backlog and capital returns). Technicals also show solid upward momentum. The main constraint is valuation (high P/E and low yield), alongside execution/policy risk concentrated in the Wind segment.

Positive Factors

Balance Sheet Strength

Very low leverage and sizable equity give GE Vernova durable financial flexibility to fund capex, M&A (e.g., Prolec), and shareholder returns while keeping refinancing risk low. That balance-sheet strength supports multi-year industrial project cycles and liquidity during execution swings.

Large, Visible Backlog and Services Base

A $150B backlog with a substantial services portion provides multi-year revenue visibility and recurring, higher-margin aftermarket cash flows. The installed base and services backlog underpin durable annuity-like revenues and reduce sensitivity to near-term equipment order variability.

Improving Cash Generation and Upgraded Guidance

Sustained positive free cash flow and strengthened liquidity signal the business can self-fund investments, support dividends/buybacks, and pursue strategic inorganic moves. Upgraded multi-year targets reflect management confidence in durable margin and cash conversion gains.

Negative Factors

Regulatory Hit to Offshore Wind

A government stop-work order is a structural regulatory risk that can delay installations, create force‑majeure disputes and sustain project uncertainty. For an industrial renewables supplier, prolonged regulatory disruption materially reduces achievable revenue and cash timing from offshore projects.

Wind Segment Execution Losses

Persistent execution problems and contract losses in Wind materially depress consolidated margins and consume cash. Given the structural importance of renewables to the company’s growth story, ongoing wind underperformance threatens margin targets and requires sustained remediation to restore profitability.

Cash-Flow Volatility and Project Timing Risk

While FCF is positive, volatility from working-capital swings and project timing can create lumpiness in available cash for capex, dividends and M&A. This structural variability increases execution risk on large, long-duration projects and complicates multi-year capital allocation planning.

GE Vernova Inc. Business Overview & Revenue Model

Company Description

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts.

How the Company Makes Money

GE Vernova generates revenue through multiple streams, primarily by selling and leasing energy generation equipment such as wind turbines, gas turbines, and technology solutions for grid management. The company also earns income from maintenance and service contracts associated with its products, which provide ongoing support and enhancements to energy systems. Additionally, GEV has established partnerships with various utility companies and governments to develop large-scale renewable energy projects, resulting in significant project-based revenue. The growing demand for clean energy solutions and digital transformation in the energy sector further contributes to GEV's financial performance.

GE Vernova Inc. Financial Statement Overview

Summary

Strong turnaround fundamentals: accelerating revenue growth (to $38.1B in 2025), large margin expansion (gross margin ~19.8% vs ~12.3% in 2022), return to solid profitability (~12.8% net margin in 2025), and sharply higher operating and free cash flow (FCF ~$3.7B in 2025). Main offsets are recent volatility (losses/negative cash flow as recently as 2022–2023) and some 2025 ratio fields flagged as inconsistent/0.0, reducing visibility.

Income Statement

Profitability and growth have improved materially. Revenue rose from $29.7B (2022) to $38.1B (2025), with 2025 growth accelerating to 10.6% from 5.1% in 2024. Margins also expanded: gross margin increased to ~19.8% (2025) from ~12.3% (2022), and the company swung from a net loss in 2022–2023 to a strong net profit margin of ~12.8% in 2025 (vs ~4.4% in 2024). The key weakness is volatility—results were loss-making as recently as 2023 and operating profit metrics have been uneven, which tempers confidence in the durability of the current earnings level.

Balance Sheet

Leverage appears conservative and improving, with debt-to-equity declining from ~0.16 (2023) to ~0.11 (2024) and reported at 0.0 in 2025, alongside equity rising to $11.2B (2025) from $9.5B (2024). Total assets also expanded to $63.0B (2025) from $51.5B (2024), indicating balance sheet growth. Offsetting this, returns on equity were negative in 2022–2023 and the 2025 return figure is shown as 0.0 despite strong net income, suggesting the profitability-to-equity relationship may be distorted by data limitations; the recent history of losses also highlights that balance sheet strength has been tested in the near past.

Cash Flow

Cash generation strengthened sharply. Operating cash flow rose from -$0.1B (2022) to $1.2B (2023), $2.6B (2024), and $5.0B (2025), while free cash flow improved from -$0.6B (2022) to $0.4B (2023), $1.7B (2024), and $3.7B (2025). This is a clear positive inflection, and 2025 free cash flow growth is very strong. The main drawback is that some cash-flow-to-earnings coverage fields are reported as 0.0 in 2025, which limits ratio-based comfort checks, and the business did experience negative operating and free cash flow in 2022—evidence of historical cyclicality/execution risk.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	38.07B	34.94B	33.24B	29.65B
Gross Profit	7.54B	6.31B	4.82B	3.46B
EBITDA	3.68B	3.56B	932.00M	-526.00M
Net Income	4.88B	1.55B	-438.00M	-2.74B
Balance Sheet
Total Assets	63.02B	51.48B	46.12B	44.47B
Cash, Cash Equivalents and Short-Term Investments	8.85B	8.21B	1.55B	2.07B
Total Debt	0.00	1.62B	1.71B	1.66B
Total Liabilities	50.72B	40.89B	37.74B	32.86B
Stockholders Equity	11.18B	9.55B	7.42B	10.65B
Cash Flow
Free Cash Flow	3.71B	1.70B	442.00M	-627.00M
Operating Cash Flow	4.99B	2.58B	1.19B	-114.00M
Investing Cash Flow	-755.00M	-37.00M	-734.00M	-322.00M
Financing Cash Flow	-3.81B	3.65B	-408.00M	811.00M

GE Vernova Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 585.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GEV, the sentiment is Positive. The current price of 585.14 is below the 20-day moving average (MA) of 682.04, below the 50-day MA of 657.40, and above the 200-day MA of 575.47, indicating a bullish trend. The MACD of 26.96 indicates Negative momentum. The RSI at 63.57 is Neutral, neither overbought nor oversold. The STOCH value of 84.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GEV.

GE Vernova Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GEV	75 Outperform	$201.13B	44.09	47.13%	0.14%	9.43%	35.56%
NEE	68 Neutral	$187.37B	26.91	13.05%	2.84%	26.96%	-6.80%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
CWEN	63 Neutral	$7.52B	15.79	13.20%	5.29%	2.54%	124.89%
CEG	62 Neutral	$78.22B	30.74	20.35%	0.43%	21.35%	-3.93%
RNW	61 Neutral	$1.95B	18.72	7.64%	―	42.09%	219.69%
BEPC	51 Neutral	$7.49B	-6.23	-38.17%	3.84%	5.93%	-39.88%

GE Vernova Inc. Corporate Events

GE Vernova Completes $2.6 Billion Senior Notes Offering

On February 4, 2026, GE Vernova completed a $2.6 billion multi-tranche senior notes offering, issuing 4.250% notes due 2031, 4.875% notes due 2036, and 5.500% notes due 2056 under a February 4, 2026 indenture, with optional redemption provisions tied to specified par call dates. Proceeds are earmarked for general corporate purposes, notably funding the February 2, 2026 acquisition of the remaining 50% stake in transformer joint venture Prolec GE, enhancing GE Vernova’s grid portfolio and capital structure flexibility.

The most recent analyst rating on (GEV) stock is a Buy with a $923.00 price target. To see the full list of analyst forecasts on GE Vernova Inc. stock, see the GEV Stock Forecast page.

GE Vernova Names Eric Gray CEO of Power Segment

GE Vernova Inc. announced that Mavi Zingoni will resign as Chief Executive Officer of its Power Segment and as an officer of the company effective January 21, 2026, under a mutual exit agreement that will see her remain as an advisor to support the leadership transition until her departure on June 30, 2026. The board has appointed Eric Gray, who currently serves as President and Chief Executive Officer of Gas Power, as the new Chief Executive Officer of the Power Segment effective January 21, 2026, signaling a consolidation of leadership within the company’s core power generation businesses and a potentially smoother operational alignment across its gas and broader power operations.

The most recent analyst rating on (GEV) stock is a Buy with a $1000.00 price target. To see the full list of analyst forecasts on GE Vernova Inc. stock, see the GEV Stock Forecast page.