GE Vernova Inc. (GEV)
NYSE:GEV
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GE Vernova Inc.
(NYSE:GEV)
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Rating:75Outperform
Price Target:
$1,111.00
▲(89.87% Upside)
Action:ReiteratedDate:02/06/26
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
Improved cash generation
A multi-year inflection to positive operating and free cash flow (OCF $5.0B; FCF ~$3.7B in 2025) strengthens liquidity and funds capex, M&A and shareholder returns. Durable cash conversion reduces refinancing risk and supports reinvestment into services and grid businesses over the medium term.
Negative Factors
Offshore wind stop-work order
A regulatory stop-work action creates multi-quarter project delays, potential contract losses and disrupted installation schedules. For an operator with significant offshore exposure, this is a structural regulatory execution risk that can depress revenue recognition and sustain margin pressure until work resumes or contracts are renegotiated.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
A multi-year inflection to positive operating and free cash flow (OCF $5.0B; FCF ~$3.7B in 2025) strengthens liquidity and funds capex, M&A and shareholder returns. Durable cash conversion reduces refinancing risk and supports reinvestment into services and grid businesses over the medium term.
Read all positive factors
GE Vernova Inc. (GEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$265.73B
Dividend Yield0.14%
Average Volume (3M)2.44M
Price to Earnings (P/E)36.4
Beta (1Y)1.40
Revenue Growth9.43%
EPS Growth35.56%
CountryUS
Employees76,800
SectorIndustrials
Sector Strength72
IndustryRenewable Utilities
Share Statistics
EPS (TTM)13.39
Shares Outstanding269,529,450
10 Day Avg. Volume2,005,072
30 Day Avg. Volume2,442,537
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)15.90
Price to Sales (P/S)4.67
P/FCF Ratio47.90
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue6.75
Enterprise Value/Gross Profit33.86
Enterprise Value/Ebitda69.77
Forecast
1Y Price Target
$948.45Price Target Upside62.09% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering21
EPS Forecast (FY)14.72
Revenue Forecast (FY)$44.63B
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 en...
How the Company Makes Money
GE Vernova makes money primarily by selling energy equipment and related long-term services across its main operating segments.
1) Equipment and project sales (upfront revenue):
- Power generation equipment: Revenue is generated from designing, m...
GE Vernova Inc. Key Performance Indicators (KPIs)
Any
Revenue By Segment
Breaks down overall revenue by business segment, offering a comprehensive view of which areas are driving growth and contributing most to the company's financial performance.
Breaks down overall revenue by business segment, offering a comprehensive view of which areas are driving growth and contributing most to the company's financial performance.
Data provided by:
The Fly
The FlyGE Vernova Inc. Earnings Call Summary
Earnings Call Date:Jan 28, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call presented strong, broad-based commercial and financial momentum: record orders, a materially larger and higher‑margin backlog, expanding revenues and margins, substantial free cash flow, a strengthened balance sheet and upgraded 2026 and 2028 guidance (including the accretive Prolec GE acquisition). The primary material near-term challenges are concentrated in the Wind segment (offshore stop-work order, elevated contract losses and tariffs) and some margin drag from nuclear investments. Overall, the positives (order and backlog strength, margin expansion, cash generation, and improved guidance) substantially outweigh the Wind-related negatives.Positive Updates
Record and Accelerating Orders
Booked $59 billion of orders in 2025 (up 34% year-over-year) and $22.2 billion in 4Q25 (up 65% year-over-year); Q4 book-to-bill approximately 2x. Equipment orders increased 91% in Q4 while service orders increased 22%.
Negative Updates
Offshore Wind Stop-Work Order and Project Impact
U.S. government halted all offshore wind activity on December 22, 2025, prompting an incremental accrual in 4Q25 for Vineyard Wind delay. The order created at least a potential 90-day delay; company accrued estimated incremental contract losses and recorded force majeure protections.
Read all updates
Q4-2025 Updates
Positive
Negative
Record and Accelerating Orders
Booked $59 billion of orders in 2025 (up 34% year-over-year) and $22.2 billion in 4Q25 (up 65% year-over-year); Q4 book-to-bill approximately 2x. Equipment orders increased 91% in Q4 while service orders increased 22%.
Read all positive updates
Company Guidance
GE Vernova raised and detailed 2026 guidance and an updated by‑2028 outlook: full‑year 2026 revenue is now $44–45B (up from $41–42B), adjusted EBITDA margin 11–13%, and free cash flow $5.0–5.5B (up from $4.5–5.0B), with corporate costs of $450–500M; Q1 ’26 is expected to deliver year‑over‑year revenue growth, adjusted EBITDA margin expansion and positive free cash flow. By segment, Power is forecast to grow organic revenue 16–18% in 2026 with EBITDA margins of 16–18% (Q1 revenue up high‑single digits, Q1 margin ~14–15%) and target annual gas turbine capacity of ~20 GW starting mid‑year; Electrification is expected to deliver $13.5–14B in 2026 plus ~ $3B from Prolec GE with EBITDA margins of 17–19% (Q1 margin 16–17%), and Prolec adds roughly $4B incremental revenue by 2028 and supports a ~22% Electrification margin target; Wind is expected to see organic revenue down low‑double‑digits in 2026 with EBITDA losses of ~ $400M for the year (Q1 losses $300–400M) and a more second‑half‑weighted recovery (highest revenue/EBITDA in Q4 ’26). Financial and capital items include a ~ $2.6B debt issuance to acquire Prolec (remaining below 1x gross debt/adjusted EBITDA), doubling the dividend in 2026, expanding buyback authorization to $10B, and an updated by‑2028 outlook of at least $56B revenue (vs $52B prior), a 20% company EBITDA margin target, cumulative FCF of ≥$24B from ’25–’28 (up ~$2B), and cumulative CapEx+R&D ~ $11B (including nearly $1B incremental Prolec CapEx).GE Vernova Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
82
Very Positive
| 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
Positive
585.14
Price Trends
852.92
Positive
749.22
Positive
673.59
Positive
Market Momentum
39.03
Negative
68.41
Neutral
90.95
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 901.94, below the 50-day MA of 852.92, and below the 200-day MA of 673.59, indicating a bullish trend. The MACD of 39.03 indicates Negative momentum. The RSI at 68.41 is Neutral, neither overbought nor oversold. The STOCH value of 90.95 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $265.73B | 36.40 | 52.36% | 0.14% | 9.43% | 35.56% | |
67 Neutral | $190.26B | 24.54 | 13.05% | 2.84% | 26.96% | -6.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $106.78B | 47.68 | 16.78% | 0.43% | 21.35% | -3.93% | |
61 Neutral | $8.26B | 23.42 | 5.91% | 5.29% | 2.54% | 124.89% | |
55 Neutral | $7.87B | -2.94 | -1196.72% | 3.84% | 5.93% | -39.88% | |
55 Neutral | $1.81B | -231.49 | 10.05% | ― | 42.09% | 219.69% |
* Industrials Sector Average
GEV
GE Vernova Inc.
985.92
658.73
201.33%
NEE
NextEra Energy
91.24
27.49
43.13%
CWEN
Clearway Energy
40.27
12.88
47.02%
BEPC
Brookfield Renewable
43.66
18.32
72.30%
RNW
ReNew Energy Global
4.97
-1.11
-18.26%
CEG
Constellation Energy Corporation
294.73
91.57
45.07%
GE Vernova Inc. Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
GE Vernova Completes $2.6 Billion Senior Notes Offering
Positive
Feb 4, 2026
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 t...
Business Operations and StrategyExecutive/Board Changes
GE Vernova Names Eric Gray CEO of Power Segment
Neutral
Jan 21, 2026
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 th...
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.