Key Stats for GE Vernova Stock
- Past-Week Performance: +3.5%
- 52-Week Range: $252.25 to $879.89
- Current Price: $879.73
What Happened?
GE Vernova (GEV) has emerged as one of the most strategically positioned companies in the energy transition, with its stock surging 5.8% to $879.73 — just $0.16 shy of its 52-week high of $879.89 — as the company’s sold-out turbine order book collides directly with a national power crisis that Trump himself acknowledged in his State of the Union address on February 25.
The move accelerated after Reuters reported on February 25 that GE Vernova executives confirmed the company is sold out on gas turbines for years, with delivery slots stretching well into the late 2020s, a disclosure that reframes the stock from an industrial manufacturer into a supply-constrained infrastructure monopoly at the center of America’s AI power emergency.
The fundamental engine behind GEV’s momentum is a gas turbine backlog that reached 83 gigawatts by year-end 2025, up sharply from 62 gigawatts just one quarter earlier, with the company targeting 100 gigawatts under contract by year-end 2026, all while slot reservation agreements carry pricing that runs 10 to 20 points above existing backlog levels.
The market is fundamentally re-rating GE Vernova from a legacy industrial spin-off into a high-conviction infrastructure compounder, with the company projecting at least $56 billion in revenue by 2028, 20% adjusted EBITDA margins, and cumulative free cash flow of at least $24 billion from 2025 through 2028, a trajectory that increasingly resembles a technology-scale growth story.
CEO Scott Strazik stated on the Q4 2025 earnings call that “in totality, the equipment margin in backlog from ’23 to ’26, those 4 years will add at least $22 billion in equipment margin driving future profitable growth,” underscoring that the most profitable deliveries have not yet begun shipping, with the bulk of high-margin orders not reaching revenue until 2027 and beyond.
On the institutional front, Coatue Management trimmed its GEV stake by 7.3% to 3.4 million shares and Tiger Global cut its position by 15.7% to 972,994 shares as of December 31, 2025, though both reductions reflect prior-quarter repositioning rather than a conviction shift, as the macro case for GEV has only intensified since those filings.
Over the next three to five years, GE Vernova’s sold-out turbine capacity and expanding nuclear SMR pipeline position the company as the defining infrastructure backbone of the AI era, where every hyperscaler scrambling to self-generate power under Trump’s State of the Union directive will eventually have to negotiate with a company that holds the keys to the machines they need.
Wall Street’s Take on GEV Stock
With Trump’s State of the Union mandate pushing hyperscalers to self-generate power and GE Vernova already sold out on turbines through the late 2020s, the company enters its most profitable growth phase just as demand structurally outpaces every competitor’s ability to respond.
Analysts estimate GEV will grow revenue 16.8% to $44.5 billion in 2026 while expanding EBITDA margins to 12.9%, a dramatic acceleration from 8.4% in 2024, as the company begins converting its highest-priced backlog orders into recognized revenue.
Wall Street has grown increasingly bullish, with 21 buy ratings and a mean price target of $837.0 among 30 analysts as of February 24, suggesting the stock is currently trading at a 5.1% premium to consensus, a sign that the market is beginning to price in upside that analysts have yet to formally capture.
Meanwhile, the spread between the Street’s low target of $560.0 and its high of $1,019.0 reflects genuine uncertainty about how fast GEV can scale turbine output and how aggressively pricing continues to accelerate beyond current backlog levels.
What Does the Valuation Model Say?
This TIKR mid-case DCF model, built against the backdrop of a national power crisis and a $150 billion backlog, prices GEV at $2,772.8 per share by December 2030, implying a 215.2% total return and a 26.7% annualized IRR from today’s price.
The primary risk is that Wind segment losses, projected at approximately $400 million in 2026, combined with the U.S. offshore wind stop-work order and tariff headwinds in the first half, could weigh on near-term earnings and compress the multiple before the gas and electrification upcycle fully kicks in.
Still, with a backlog poised to hit 100 gigawatts under contract by year-end, pricing running 10 to 20 points above existing orders, and a power infrastructure crisis with no near-term fix, GEV looks meaningfully undervalued relative to the earnings power that begins materializing in 2027 and beyond.
Should You Invest in GE Vernova Inc.?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up GEV stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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