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GE Vernova Inc.
(NYSE:GEV)
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Rating:79Outperform
Price Target:
$1,121.00
▲(91.58% Upside)
Action:Reiterated
Date:04/22/26
The score is driven primarily by strong financial improvement (profitability turnaround and very strong balance sheet) and supportive technical momentum (clear uptrend). The latest earnings call further boosts the outlook via upgraded revenue, margin, and especially free-cash-flow guidance, despite Wind losses and tariff/supply-chain risks. Valuation is the main constraint due to a premium P/E and a very low dividend yield.
Positive Factors
Very strong balance sheet and equity growth
Minimal leverage and rapidly expanding equity provide durable financial flexibility: supports higher R&D/CapEx, M&A (Prolec), and working-capital swings without forcing distress financing. A strong capital base materially reduces refinancing and solvency risk over the next 2–6 months.
Negative Factors
Wind segment persistent losses
Large, ongoing Wind losses materially weigh on consolidated profitability and cash generation. Structural issues (lower deliveries, tariff exposure, and capacity timing) could require sustained remediation, keeping volatility in consolidated margins for multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very strong balance sheet and equity growth
Minimal leverage and rapidly expanding equity provide durable financial flexibility: supports higher R&D/CapEx, M&A (Prolec), and working-capital swings without forcing distress financing. A strong capital base materially reduces refinancing and solvency risk over the next 2–6 months.
Read all positive factors
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. (GEV) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$280.86B
Dividend Yield0.14%
Average Volume (3M)2.68M
Price to Earnings (P/E)30.2
Beta (1Y)1.36
Revenue Growth10.15%
EPS Growth395.14%
CountryUS
Employees76,800
SectorIndustrials
Sector Strength72
IndustryRenewable Utilities
Share Statistics
EPS (TTM)34.65
Shares Outstanding268,720,000
10 Day Avg. Volume3,561,039
30 Day Avg. Volume2,681,661
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 Cap0.98
Enterprise Value/Revenue6.97
Enterprise Value/Gross Profit34.99
Enterprise Value/Ebitda31.96
Forecast
1Y Price Target
$1,260.20Price Target Upside115.37% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering22
EPS Forecast (FY)29.15
Revenue Forecast (FY)$45.43B
GE Vernova Inc. Business Overview & Revenue Model
Company Description
GE Vernova Inc. is an energy enterprise primarily engaged in generating electricity. Its business activities are categorized into three main divisions: Power, Wind, and Electrification. The Power segment is responsible for producing and distributi...
How the Company Makes Money
GE Vernova makes money primarily by selling energy equipment and providing long-term services associated with that installed base across its operating segments. Key revenue streams include: (1) Equipment sales: revenue from the sale of large-scale...
GE Vernova Inc. Earnings Call Summary
Earnings Call Date:Apr 22, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 22, 2026
Earnings Call Sentiment Positive
The call conveyed strong, broad-based operational and financial momentum — notably very large order growth, substantial backlog expansion, meaningful margin improvement, and upgraded full-year guidance and free cash flow expectations — anchored by Power and Electrification. The principal negatives are concentrated in Wind (material near-term losses), tariff headwinds (~$250–350M), and supply-chain/capacity timing risks, but management presented concrete mitigation actions (lean, AI, capacity investments, contractual measures). On balance, the positive operational and financial developments significantly outweigh the segment-specific and macro headwinds.Positive Updates
Record Backlog Growth and Faster Timeline
Backlog grew from $116 billion at spin to $163 billion, adding $13 billion in the last 90 days, and management now expects to reach $200 billion in backlog in 2027 (previously 2028).
Negative Updates
Wind Segment Weakness and Losses
Wind revenue declined 25% in Q1 driven by lower Onshore equipment deliveries; Q1 Wind EBITDA losses were $382 million. Management expects Q2 Wind revenue to decline mid-teens YoY and EBITDA losses of $200–300 million, and still forecasts ~ $400 million of EBIT losses for full-year 2026.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Backlog Growth and Faster Timeline
Backlog grew from $116 billion at spin to $163 billion, adding $13 billion in the last 90 days, and management now expects to reach $200 billion in backlog in 2027 (previously 2028).
Read all positive updates
Company Guidance
GE Vernova raised full‑year 2026 guidance to revenue of $44.5–$45.5 billion (up $500M), adjusted EBITDA margin of 12%–14% (up 1 point at both ends), and free cash flow of $6.5–$7.5 billion (previously $5.0–$5.5B), with R&D plus CapEx up ~30% year‑over‑year; the company expects positive free cash flow in Q2 and adjusted EBITDA to be second‑half weighted with the highest revenue and EBITDA in Q4. By segment: Power is expected to deliver 16%–18% organic revenue growth with EBITDA margins of ~17%–19%, ~20 GW of annualized production capacity coming online in mid‑2026, and Gas Power pricing on new orders 10–20 percentage points higher versus Q4 2025; GE Vernova expects to book 10–15 GW in Q2 and finish 2026 with at least 110 GW under contract. Electrification revenue is now expected at $14.0–$14.5 billion (Prolec ~ $3.0B contribution) with EBITDA margins of 18%–20% and Q2 revenue of ~$3.3–$3.5B. Wind is expected to see organic revenue down low double digits with ~ $400 million of EBIT losses for 2026 (Q2 revenue down mid‑teens and Q2 EBITDA losses of $200–$300M). Corporate costs are forecast at $450–$500M for the year.GE Vernova Inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 39.38B | 38.07B | 34.94B | 33.24B | 29.65B |
| Gross Profit | 7.85B | 7.54B | 6.31B | 4.82B | 3.46B |
| EBITDA | 8.59B | 3.68B | 3.56B | 932.00M | -526.00M |
| Net Income | 9.38B | 4.88B | 1.55B | -438.00M | -2.74B |
Balance Sheet | |||||
| Total Assets | 75.61B | 63.02B | 51.48B | 46.12B | 44.47B |
| Cash, Cash Equivalents and Short-Term Investments | 10.17B | 8.85B | 8.21B | 1.55B | 2.07B |
| Total Debt | 2.86B | 0.00 | 1.62B | 1.71B | 1.66B |
| Total Liabilities | 60.55B | 50.72B | 40.89B | 37.74B | 32.86B |
| Stockholders Equity | 13.92B | 11.18B | 9.55B | 7.42B | 10.65B |
Cash Flow | |||||
| Free Cash Flow | 7.53B | 3.71B | 1.70B | 442.00M | -627.00M |
| Operating Cash Flow | 9.02B | 4.99B | 2.58B | 1.19B | -114.00M |
| Investing Cash Flow | -4.95B | -755.00M | -37.00M | -734.00M | -322.00M |
| Financing Cash Flow | -2.11B | -3.81B | 3.65B | -408.00M | 811.00M |
GE Vernova Inc. Technical Analysis
Positive
585.14
Price Trends
1030.41
Positive
943.76
Positive
783.71
Positive
Market Momentum
17.68
Negative
53.50
Neutral
63.55
Neutral
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 988.92, below the 50-day MA of 1030.41, and below the 200-day MA of 783.71, indicating a bullish trend. The MACD of 17.68 indicates Negative momentum. The RSI at 53.50 is Neutral, neither overbought nor oversold. The STOCH value of 63.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GEV.
GE Vernova Inc. Risk Analysis
GE Vernova Inc. disclosed 2 risk factors in its most recent earnings report. GE Vernova Inc. reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
GE Vernova Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $280.86B | 30.16 | 87.98% | 0.14% | 10.15% | 395.14% | |
73 Outperform | $184.70B | 22.42 | 15.24% | 2.84% | 11.51% | 47.33% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $94.81B | 22.94 | 20.07% | 0.43% | 14.87% | 21.10% | |
61 Neutral | $7.57B | 921.50 | 0.05% | 5.29% | 2.59% | -92.25% | |
57 Neutral | $2.25B | 20.08 | 8.54% | ― | 30.87% | 121.64% | |
48 Neutral | $6.88B | -1.16 | 494.50% | 3.84% | -6.14% | -1632.62% |
* Industrials Sector Average
GEV
GE Vernova Inc.
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517.45
98.05%
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36.86
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37.71
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19.60%
RNW
ReNew Energy Global
6.19
-0.72
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CEG
Constellation Energy Corporation
264.02
-57.05
-17.77%
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.