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GE Vernova Inc. (GEV)
:GEV
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GE Vernova Inc.
(NYSE:GEV)
Rating:68Neutral
Price Target:
$686.00
▲(5.58% Upside)
Positive Factors
Earnings and Growth
The company is in the relatively early stages of a durable upcycle that could result in materially higher topline and earnings in the coming years.
Order Performance
Power orders rose 44% organically in the second quarter, indicating strong growth.
Negative Factors
Gas Turbine Orders
Gas turbine equipment orders came in lower than buyside expectations.
Wind Segment Challenges
The wind segment experienced a significant loss, with tariffs contributing to financial challenges.
GE Vernova Inc. (GEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$176.87B
Dividend Yield0.12%
Average Volume (3M)3.07M
Price to Earnings (P/E)158.6
Beta (1Y)1.57
Revenue Growth8.38%
EPS Growth-2.28%
CountryUS
Employees76,800
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)1.73
Shares Outstanding272,223,940
10 Day Avg. Volume3,548,918
30 Day Avg. Volume3,067,791
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)9.48
Price to Sales (P/S)2.59
P/FCF Ratio53.21
Enterprise Value/Market Cap0.79
Enterprise Value/Revenue3.80
Enterprise Value/Gross Profit21.26
Enterprise Value/Ebitda80.43
Forecast
1Y Price Target
$664.78Price Target Upside2.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
GE Vernova Inc. Business Overview & Revenue Model
Company DescriptionGE Vernova Inc. (GEV) is a division of General Electric Company focused on the energy sector, providing innovative solutions across the renewable energy, power, and electrification industries. The company is dedicated to delivering sustainable energy solutions and driving decarbonization through its comprehensive portfolio of products and services, including wind turbines, grid solutions, gas power systems, and digital solutions for energy management.
How the Company Makes MoneyGE Vernova Inc. generates revenue through the sale of its energy products and services across multiple sectors, including renewable energy, power generation, and energy management. Key revenue streams include the manufacture and sale of wind turbines, gas turbines, and other power generation equipment. Additionally, the company offers services such as installation, maintenance, and digital solutions that optimize energy operations. Strategic partnerships with governments, utility companies, and industrial clients further enhance its market presence and contribute to its earnings. By leveraging its technological expertise and industry experience, GE Vernova aims to capitalize on the global transition towards cleaner and more sustainable energy sources.
GE Vernova Inc. Earnings Call Summary
Earnings Call Date:Jul 23, 2025
(Q2-2025)
| % Change Since: 18.35%|
Next Earnings Date:Oct 22, 2025
Earnings Call Sentiment Positive
GE Vernova's second quarter 2025 earnings call highlighted strong performance in the Power and Electrification segments, positive cash flow, and strategic investments in growth and acquisitions. However, challenges in the Wind segment and European HVDC orders were noted, alongside planned restructuring costs. The positive achievements and increased guidance outweigh the challenges faced.Q2-2025 Updates
Positive Updates
Strong Power Segment Performance
Power segment orders grew 44% year-over-year, driven by Gas Power equipment orders nearly tripling. EBITDA margins expanded to 16.4%, with robust demand for gas turbines and services.
Electrification Segment Growth
Electrification revenue increased by 20% with significant margin expansion to 14.6%. The segment saw robust demand and expanded equipment backlog by more than $6 billion compared to the previous year.
Positive Free Cash Flow and Strong Cash Position
GE Vernova generated positive free cash flow of approximately $200 million in Q2 2025, ending the quarter with a healthy cash balance of nearly $8 billion.
Increased Full-Year Guidance
The company raised its full-year guidance, expecting revenue at the higher end of the $36 billion to $37 billion range, with adjusted EBITDA margin between 8% and 9%.
Strategic Acquisitions
GE Vernova announced the acquisition of Alteia to enhance its electrification software business, integrating AI and visualization technologies with GridOS.
Stock Buybacks and Investment in Growth
The company repurchased $1.6 billion of stock in 2025 and announced an incremental investment of up to $100 million in the Charleroi factory, supporting job creation and doubling volume output by 2028.
Negative Updates
Wind Segment Losses
The Wind segment reported approximately $300 million in losses year-to-date, with challenges in offshore wind due to tariffs and increased service costs.
European HVDC Order Weakness
Weaker European HVDC orders in 2025 due to project cancellations and affordability challenges in the EU, although offset by momentum in other regions.
Restructuring Costs
GE Vernova announced planned restructuring costs of approximately $250 million to $275 million over the next 12 months to achieve annualized G&A savings.
Company Guidance
In the second quarter of 2025, GE Vernova provided updated guidance highlighting strong performance across its business segments. The company reported a 12% increase in revenue, driven by growth in equipment and services, and achieved an adjusted EBITDA margin expansion of 80 basis points. Orders reached $12.4 billion, growing the total backlog to $129 billion. The Power segment saw a 44% increase in orders and delivered an EBITDA margin of 16.4%. Electrification achieved a 20% revenue growth and a 14.6% EBITDA margin. Despite challenges, the Wind segment is expected to approach breakeven in the second half of the year. GE Vernova raised its full-year free cash flow guidance to $3-3.5 billion, reflecting strong first-half results and increased order activity. The company is also planning restructuring to save $250-275 million annually starting in 2026.GE Vernova Inc. Financial Statement Overview
Summary
GE Vernova Inc. shows a positive trajectory with improved revenue growth and profitability. The balance sheet is strong with zero debt and rising equity, providing a stable foundation for growth. However, cash flow challenges remain, necessitating focus on operational cash generation for sustainable growth.Income Statement
GE Vernova Inc. shows a positive trajectory in revenue growth with a 5.10% increase from 2023 to 2024. The company improved its net income from a loss in 2023 to a profit in 2024, indicating a turnaround. Gross profit margin improved from 14.94% in 2023 to 17.41% in 2024, reflecting better cost management. However, the EBIT margin remains low at 1.35% in 2024, suggesting room for improvement in operational efficiency.75
Positive
Balance Sheet
GE Vernova Inc. has a strong equity position with an increasing stockholders' equity from 2023 to 2024. The equity ratio improved to 18.54% in 2024, indicating a solid capital structure. With no total debt in 2024, the company has eliminated its debt burden, enhancing financial stability. Return on Equity (ROE) improved significantly to 16.26% in 2024 from negative figures, showcasing strong profitability for shareholders.80
Positive
Cash Flow
The cash flow statement reveals challenges, as free cash flow turned negative in 2024. Free cash flow growth rate is negative, indicating cash constraints despite the improvement in net income. The operating cash flow to net income ratio was zero in 2024, suggesting reliance on non-operational sources for cash. The company needs to enhance its operational cash generation to support sustainable growth.65
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 36.61B | 34.94B | 33.24B | 29.65B |
| Gross Profit | 6.55B | 6.08B | 4.96B | 3.65B |
| EBITDA | 1.73B | 1.64B | 932.00M | -1.33B |
| Net Income | 1.16B | 1.55B | -438.00M | -2.74B |
Balance Sheet | ||||
| Total Assets | 53.08B | 51.48B | 46.12B | 44.47B |
| Cash, Cash Equivalents and Short-Term Investments | 7.89B | 8.21B | 1.55B | 2.07B |
| Total Debt | 0.00 | 1.06B | 1.18B | 1.17B |
| Total Liabilities | 43.13B | 40.89B | 37.74B | 32.86B |
| Stockholders Equity | 8.88B | 9.55B | 7.42B | 10.65B |
Cash Flow | ||||
| Free Cash Flow | 1.18B | 1.70B | 442.00M | -627.00M |
| Operating Cash Flow | 2.04B | 2.58B | 1.19B | -114.00M |
| Investing Cash Flow | -503.00M | -37.00M | -734.00M | -322.00M |
| Financing Cash Flow | -1.11B | 3.65B | -408.00M | 811.00M |
GE Vernova Inc. Technical Analysis
Positive
649.72
Price Trends
536.20
Positive
445.73
Positive
391.90
Positive
Market Momentum
39.14
Negative
69.55
Neutral
74.99
Neutral
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 649.72 is above the 20-day moving average (MA) of 600.50, above the 50-day MA of 536.20, and above the 200-day MA of 391.90, indicating a bullish trend. The MACD of 39.14 indicates Negative momentum. The RSI at 69.55 is Neutral, neither overbought nor oversold. The STOCH value of 74.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GEV.
GE Vernova Inc. Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $107.68B | 37.41 | 24.71% | 0.43% | 11.36% | 26.54% | |
70 Outperform | $6.33B | 49.07 | 3.80% | 5.28% | -1.15% | -16.25% | |
68 Neutral | $176.87B | 158.59 | 12.88% | 0.12% | 8.38% | -2.28% | |
68 Neutral | AU$9.04B | 5.06 | 7.48% | 6.29% | 28.51% | 8.48% | |
67 Neutral | $2.70B | 50.07 | 4.18% | ― | 16.67% | 9.09% | |
60 Neutral | $6.17B | 32.67 | -63.28% | 4.30% | 12.46% | -388.89% | |
42 Neutral | $12.83B | ― | -32.34% | ― | 62.41% | -85.81% |
* General Sector Average
Performance Comparison
GEV
GE Vernova Inc.
649.72
472.86
267.36%
CWEN
Clearway Energy
31.61
4.77
17.77%
BEPC
Brookfield Renewable
34.32
7.74
29.12%
SMR
NuScale Power
45.13
36.54
425.38%
RNW
ReNew Energy Global
7.45
1.48
24.79%
CEG
Constellation Energy Corporation
343.57
157.78
84.92%
GE Vernova Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
GE Vernova Inc. Holds Annual Stockholders Meeting
Neutral
May 16, 2025
GE Vernova Inc. held its annual meeting of stockholders on May 14, 2025, where key decisions were made regarding the company’s governance and executive compensation. During the meeting, stockholders elected three Class I directors to serve until 2028, approved executive compensation, decided on annual advisory votes for executive compensation, and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025. These decisions reflect the company’s commitment to maintaining consistent governance practices and ensuring transparent financial oversight.
The most recent analyst rating on (GEV) stock is a Buy with a $500.00 price target. To see the full list of analyst forecasts on GE Vernova Inc. stock, see the GEV Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.