Key Stats for GE Vernova Stock
- Price Change for GE Vernova stock: -8%
- $GEV Share Price as of Dec. 8: $625
- 52-Week High: $677
- $GEV Stock Price Target: $683
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What Happened?
GE Vernova (GEV) stock jumped roughly 8% after the energy infrastructure company delivered a blockbuster update at its investor event.
Management raised 2026 revenue guidance to $41-$42 billion, blowing past the $36-$37 billion range investors were expecting. The company also sweetened the deal for shareholders by doubling its quarterly dividend and expanding its buyback program by $4 billion.
The numbers tell a compelling story about surging demand for power infrastructure. GE Vernova secured 18 gigawatts of new gas turbine contracts in the fourth quarter alone.
That’s nearly double the 9 gigawatts booked in the second quarter. By year-end, the company expects to have about 80 gigawatts of new gas contracts on order, with roughly half sitting in backlog and half in slot reservation agreements.
CEO Scott Strazik painted a picture of accelerating growth driven by artificial intelligence data centers, the reindustrialization of the U.S. economy, and the need for global grid modernization.
GEV now expects its equipment backlog to balloon from $135 billion today to at least $200 billion by 2028. GE Vernova is on track to hit a production run rate of 20 gigawatts of gas turbines annually by the third quarter of 2026.
The company also raised its cumulative free cash flow target through 2028 from $14 billion to at least $22 billion. That improvement stems from higher EBITDA, better working capital management, and increased down payments on rising orders.
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What the Market Is Telling Us About GEV Stock
GEV stock’s strong reaction suggests investors believe this isn’t just a short-term blip. The company is positioned at the intersection of several powerful trends, as AI data centers require massive amounts of reliable power.
Utilities are scrambling to add capacity as reserve margins shrink, and countries worldwide are upgrading aging grid infrastructure.
GEV expects EBITDA margins to expand to 11%-13% in 2026, up from current levels, driven by better pricing and operational improvements.
By 2028, GE Vernova targets 20% EBITDA margins across the business, with both Power and Electrification hitting 22% margins.
Management highlighted that its gas and steam services revenue should grow from $12 billion today to at least $22 billion by 2035.
That growth comes from doubling the installed base of baseload power generation and strong price escalation built into long-term service contracts.
Since services carry higher margins than equipment, this creates a durable profit stream that compounds over years.
GE Vernova is making strategic moves to capture more value. It’s investing an incremental $1 billion in capital expenditures through 2028 to expand capacity in high-return areas.
The pending acquisition of Prolec GE will strengthen its power transmission business. Management is also investing heavily in small modular reactors, robotics, AI, and other technologies that could open new revenue streams in the 2030s.
Investors should watch how quickly GE Vernova converts its massive pipeline into actual revenue. The company has about 10 gigawatts of 2029 delivery slots still available heading into next year and expects to be primarily sold out of 2030 deliveries by the end of 2026.
That visibility gives management confidence to keep expanding production capacity and returning more cash to shareholders.
GEV stock has already had a strong run this year, but the updated guidance suggests there’s more room to grow as this multi-year power infrastructure buildout plays out.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
