GE Vernova Inc.
- Open
- 888.52
- Day high
- 899.24
- Day low
- 874.00
- Prev close
- 898.53
- Volume
- 2.3M
- Mkt cap
- $239.3B
- P/E (TTM)
- 25.5
- EPS (TTM)
- $35.25
- P/B
- 20.0
- P/S
- 5.8
- Yield
- 0.19%
- Per share
- $1.75
GE Vernova Inc. (GEV) is a Utilities company listed on NYSE. The stock is up 54% over the past year. Drillr has 4 published research articles covering GEV.
GE Vernova Inc. (GEV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
GEV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 22, 2026 | $3.30 | $2.47 | -25.1% | $11.1B | +3.3% |
| Apr 22, 2026 | $1.95 | $1.98 | +1.5% | $9.3B | +1.2% |
| Jan 28, 2026 | $2.93 | $13.39 | +357.0% | $11.0B | +6.6% |
| Oct 22, 2025 | $1.72 | $1.64 | -4.7% | $10.0B | +8.7% |
| Jul 23, 2025 | $1.48 | $1.86 | +25.7% | $9.1B | +3.5% |
| Apr 23, 2025 | $0.47 | $0.91 | +94.2% | $8.0B | +6.5% |
| Jan 22, 2025 | $2.28 | $1.73 | -24.1% | $10.6B | -1.3% |
| Oct 23, 2024 | $0.19 | $0.35 | +82.7% | $8.9B | +1.8% |
| Jul 24, 2024 | $0.74 | $0.71 | -4.3% | $8.2B | -0.7% |
| Apr 25, 2024 | $-0.36 | $-0.41 | -13.9% | $7.3B | -0.3% |
| Mar 13, 2024 | — | $0.35 | — | $10.0B | — |
| Sep 30, 2023 | — | $-0.62 | — | $8.3B | — |
GEV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 3, 2026 | Abate Victorofficer: Chief Executive Officer, Wind | Sell | 4,819 | $948.08 |
| May 22, 2026 | MALAVE JESUS JRdirector | Grant | 173 | — |
| May 22, 2026 | HUNDMEJEAN MARTINAdirector | Grant | 173 | — |
| May 22, 2026 | Reynolds Paula Rosputdirector | Grant | 173 | — |
| May 22, 2026 | Matthew C. Harrisdirector | Grant | 173 | — |
| May 22, 2026 | DONALD ARNOLD Wdirector | Grant | 173 | — |
| May 22, 2026 | Akins Nicholas Kdirector | Grant | 173 | — |
| May 22, 2026 | Rucker Kim K.W.director | Grant | 173 | — |
| May 22, 2026 | ANGEL STEPHEN Fdirector | Grant | 173 | — |
| May 22, 2026 | ANGEL STEPHEN Fdirector | Grant | 299 | — |
| May 18, 2026 | Matthew C. Harrisdirector | Option | 495 | — |
| May 18, 2026 | ANGEL STEPHEN Fdirector | Option | 855 | — |
| May 18, 2026 | ANGEL STEPHEN Fdirector | Option | 495 | — |
| May 18, 2026 | MALAVE JESUS JRdirector | Option | 495 | — |
| May 18, 2026 | Rucker Kim K.W.director | Option | 495 | — |
Source: GEV SEC Form 4 filings, latest Jun 3, 2026. For informational purposes only — not investment advice.
See the full GEV insider & 13F page →GEV research & analysis
GEV, ETN: Grid Equipment Is the Binding AI Capex Constraint
GE Vernova at $959 and Eaton at $421 — grid equipment with 24-30 month lead times. GEV +96.7% one-year on gas turbine backlog growth.
ETNENPH: EU Green Pivot Hinges on China Supply Chains
Europe's renewable energy transition is creating a critical national security vulnerability: the continent's solar and wind supply chains are heavily dependent on Chinese manufacturers of battery cells, inverters, and turbine components. Companies like Enphase and SolarEdge source LFP battery cells exclusively from China, while wind turbine makers source materials and components from Chinese suppliers. The exposure varies sharply across the industry, with solar inverter and storage companies facing the highest China dependency. If European governments implement domestic content requirements or tariffs to force supply chain diversification, companies with the highest China exposure will face significant margin compression.
ENPHSEDGRUNAI Capex Super-Cycle: Ranking the Top 10 Infrastructure Beneficiaries by Order Book Strength
The AI infrastructure capex super-cycle is channeling $200B+ in hyperscaler spending into data centers, power, networking, and cooling. Arista Networks and Vertiv lead the ranking with the strongest order book visibility, while Amphenol offers the best growth-to-valuation ratio and Dell provides deep value at 12.8x forward earnings.
ANETVRTAPHCan power infrastructure companies like GEV and ETN sustain premium multiples as AI capex normalizes?
Power infrastructure stocks GEV, ETN, APH, VRT, and PWR have delivered extraordinary returns on AI data center demand, but trade at 27–59x forward earnings. Eaton and Amphenol offer the best risk-reward with proven margins and order momentum, while GE Vernova and Vertiv carry the highest valuation risk if hyperscaler capex normalizes.
ETNAPHVRT
GE Vernova Inc. company profile
Overview
GE Vernova Inc. (NYSE:GEV) is a leading energy technology company that emerged as an independent public entity in April 2024 following its spin-off from General Electric. Founded in 2023 and headquartered in Cambridge, Massachusetts, the company represents the culmination of General Electric's century-long legacy in power generation and electrical infrastructure. GE Vernova operates as one of the world's largest energy equipment manufacturers, serving the global transition toward cleaner, more reliable electricity generation and grid infrastructure.
Business
GE Vernova operates in the global energy infrastructure sector, providing equipment and services essential for electricity generation, transmission, and distribution. The company's mission centers on enabling the world's energy transition through three distinct but interconnected business segments. The Power segment represents the company's largest revenue generator, accounting for approximately 60% of total revenues. This division manufactures and services large-scale power generation equipment including gas turbines, steam turbines, nuclear reactors, and hydroelectric systems. Gas turbines, which burn natural gas to generate electricity, constitute the segment's primary focus. These massive machines can generate hundreds of megawatts of electricity and are critical for providing reliable baseload power and backup generation when renewable sources are unavailable. The segment also includes services such as maintenance, parts replacement, and performance optimization for existing power plants worldwide. The Wind segment comprises roughly 25% of company revenues and focuses on renewable energy generation through wind turbines. This division manufactures both onshore and offshore wind turbines, including the massive turbine blades that capture wind energy and convert it to electricity. Onshore wind involves turbines installed on land, while offshore wind utilizes larger, more powerful turbines installed in bodies of water where wind speeds are typically higher and more consistent. The segment has faced significant challenges, particularly in offshore wind manufacturing, but has shown improvement in onshore wind profitability. The Electrification segment accounts for approximately 15% of revenues and provides the critical infrastructure that connects power generation to end users. This includes electrical grid equipment such as transformers, switchgear, and power conversion systems that manage electricity flow across transmission and distribution networks. The segment also encompasses energy storage solutions and solar power equipment, which are increasingly important as electrical grids incorporate more intermittent renewable energy sources.
Revenue model
GE Vernova generates revenue through multiple complementary business models across its three segments. The company primarily operates on a product sales model for equipment manufacturing, selling large-scale power generation and electrical infrastructure equipment to utilities, independent power producers, and industrial customers worldwide. These sales typically involve high-value, long-term contracts worth millions to hundreds of millions of dollars per project. The company also maintains a substantial service-based revenue stream through long-term service agreements that provide maintenance, parts replacement, and performance optimization for installed equipment. This creates recurring revenue streams that can span decades, as power plants and electrical infrastructure require ongoing maintenance throughout their operational lives. Service revenues are particularly important in the Power segment, where gas turbines require regular maintenance and component replacement. GE Vernova's customers include electric utilities, independent power producers, industrial manufacturers, and government entities globally. The company serves both developed markets like North America and Europe, as well as rapidly growing emerging markets in Asia, the Middle East, and Latin America where electricity demand is expanding rapidly. Several factors influence the company's profitability margins. Commodity price fluctuations significantly impact costs, particularly steel and other raw materials used in manufacturing large equipment. Supply chain disruptions and tariff policies can increase manufacturing costs, with the company recently facing $300-400 million in additional costs due to new tariffs. Competition from other major equipment manufacturers like Siemens, Mitsubishi, and Chinese competitors affects pricing power. Conversely, growing global electricity demand driven by data centers, artificial intelligence, and electrification trends supports strong order growth. Energy transition policies and carbon reduction mandates create demand for both cleaner gas turbines and renewable energy equipment, while grid modernization needs drive electrification segment growth.
Competitive moat
GE Vernova possesses a moderate to strong competitive moat built primarily on technological expertise, manufacturing scale, and installed base advantages. The company benefits from over a century of engineering experience in power generation, creating substantial barriers to entry in complex technologies like gas turbines and nuclear reactors. Manufacturing these products requires significant capital investment, specialized facilities, and extensive regulatory approvals that few competitors can match. The company's installed base advantage provides a particularly strong moat in the Power segment, where GE Vernova services thousands of gas turbines and other power generation equipment worldwide. This creates switching costs for customers who rely on the company's expertise and parts supply for ongoing operations. The service business generates recurring revenue streams that are difficult for competitors to displace once established. However, the company faces meaningful competitive pressures. In gas turbines, Siemens and Mitsubishi Heavy Industries offer comparable technology and global reach. In wind energy, Vestas, Siemens Gamesa, and Chinese manufacturers like Goldwind compete aggressively on cost and technology. The electrification segment faces competition from numerous specialized manufacturers and emerging technology companies. The company's moat is also challenged by the energy transition itself. While creating opportunities in renewables and grid infrastructure, the shift away from fossil fuels could eventually reduce demand for gas turbines. Additionally, technological disruption from new energy storage, distributed generation, and alternative technologies could reshape the competitive landscape. The company's ability to maintain its moat depends on successfully navigating this transition while leveraging its engineering capabilities and customer relationships across evolving energy technologies.
Risks & safety
GE Vernova demonstrates a moderate margin of safety with strong liquidity but elevated valuation metrics reflecting growth expectations and market positioning. • Liquidity and Solvency: Strong cash position of $8.1 billion with minimal debt (debt-to-equity ratio of 0.11), providing substantial financial flexibility. Current ratio of 1.04 indicates adequate short-term liquidity, though relatively tight working capital management. • Cash Generation: Positive free cash flow of $975 million in Q1 2025, with full-year 2025 guidance of $2.0-2.5 billion. Operating cash flow of $1.16 billion demonstrates strong cash conversion from operations. • Valuation Metrics: High valuation multiples with P/E ratio of 83x and EV/EBITDA of 76x reflecting growth expectations but limiting margin of safety. Price-to-book ratio of 9.8x indicates significant premium to book value. • Profitability Trends: Improving profitability with EBITDA margins expanding across segments, though still recovering from historical losses in wind segment. • Other Considerations: Recent IPO status provides less historical track record as independent entity. Exposure to commodity price volatility and tariff impacts creates earnings variability. Strong order backlog provides revenue visibility but execution risk remains.
Recent development
Over the past two years, GE Vernova has undergone significant strategic transformation following its spin-off from General Electric in April 2024. The company has focused on operational excellence and margin expansion across all segments, implementing lean manufacturing principles and cost reduction programs that have driven substantial EBITDA improvements. In the Power segment, the company has aggressively expanded manufacturing capacity to meet surging demand, planning to increase gas turbine production to 70-80 units annually by 2026, up from current levels. The segment has secured approximately 50 gigawatts of gas turbines under contract or slot reservation, with strong demand driven by data center growth and grid reliability needs. The company is also advancing next-generation technologies including small modular nuclear reactors, with the first 300-megawatt unit planned for deployment in Canada by 2029. The Wind segment has undergone significant restructuring to address historical profitability challenges. While onshore wind has achieved consistent profitability with high single-digit EBITDA margins, offshore wind continues to face manufacturing quality issues, particularly with blade production. The company has been selective about new offshore orders while focusing on executing its existing backlog and resolving manufacturing deviations. The Electrification segment has emerged as a key growth driver, with equipment orders more than doubling in Q4 2024 and backlog expanding to $20 billion. The segment has consistently expanded margins through improved pricing power and operational efficiency, achieving double-digit EBITDA margins by 2024. The company has also made strategic moves to strengthen its balance sheet and focus on core operations, including monetizing non-core assets and maintaining strong cash generation to fund growth investments and capacity expansion.
GEV company profile · for informational purposes only — not investment advice.
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