Key Stats for GEV Stock
- This-Week Performance: 6%
- 52-Week Range: $252 to $895
- Valuation Model Target Price: $1,770
- Implied Upside: 108%
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What Happened?
GE Vernova Inc. stock rose about 6% this week, trading near $851 per share as investors leaned further into the AI-driven power demand theme, with surging electricity needs from data centers and global grid expansion driving renewed interest in power infrastructure companies.
The stock moved higher this week because new data and management commentary reinforced that demand for gas turbines and grid equipment remains stronger than expected, with accelerating orders, growing backlog visibility, and a clear path to margin expansion giving investors more confidence that earnings growth will scale meaningfully over the next few years, a trend that is also benefiting competitors like Siemens Energy and Mitsubishi Heavy Industries.
At the Bank of America Global Industrials Conference 2026, CEO Scott Strazik said GE Vernova entered 2026 with a $150 billion backlog, including $85 billion in services, while first-quarter gas contracts are tracking in the teens of gigawatts after rising from 8 gigawatts in 1Q25 to 24 gigawatts in 4Q25, supporting the company’s path from 8.5% EBITDA margins in 2025 toward 20% by 2028, adding that “the demand remains very strong.”
At the same time, recent institutional filings showed continued accumulation alongside selective trimming, with Bank of Nova Scotia increasing its stake by 179.7% to about 165,059 shares and BNP Paribas raising its position by 30.7%, while Clear Street Group initiated a new position of 46,145 shares worth about $28.4 million and California Public Employees’ Retirement System added to its holdings, even as Coatue Management reduced its stake by 3.2% and Clough Capital cut its position by 62.8%, reflecting both long-term conviction and profit taking as the stock continues to climb.
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Is GEV Undervalued?
Under valuation assumptions, the stock is modeled using:
- Revenue Growth (CAGR): 15%
- Operating Margins: 15.6%
- Exit P/E Multiple: 52.7x
Revenue growth is supported by GE Vernova’s $150 billion backlog, which provides multi-year visibility as utilities and hyperscalers invest heavily in power generation and grid infrastructure to support AI workloads and electrification.
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The company competes with global players like Siemens Energy and Mitsubishi Heavy Industries, which are also benefiting from rising power demand, but GE Vernova stands out due to its large installed base, where about 45% of revenue comes from higher-margin services tied to maintaining and upgrading existing equipment, creating a more stable and recurring earnings stream.
Margin expansion is expected to come from this growing services mix, improved pricing on new equipment, and operating leverage as production scales, particularly in gas power and electrification.
Near-term results will be influenced by order growth, backlog conversion, and the pace at which large projects begin contributing to earnings rather than remaining capital intensive.
At current levels, GE Vernova appears undervalued relative to its long-term growth potential, with upside driven by strong demand for power infrastructure, margin expansion, and the company’s ability to convert its large backlog into sustained earnings growth.
How Much Upside Does GEV Stock Have From Here?
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All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
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