GE Vernova (NYSE:GEV) Issues Earnings Results, Beats Expectations By $15.49 EPS

GE Vernova (NYSE:GEV) released its quarterly earnings data on Wednesday. The company reported $17.44 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $15.49, FiscalAI reports. GE Vernova had a return on equity of 43.97% and a net margin of 23.81%.The business had revenue of $9.34 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis.

Here are the key takeaways from GE Vernova’s conference call:

• GE Vernova’s backlog jumped to $163 billion (from $116B at spin), added $13 billion in 90 days, and management now expects to hit $200 billion in backlog in 2027, one year earlier than previously guided.
• Q1 results beat on momentum with $18.3 billion of orders (+71% YoY), revenue +7%, adjusted EBITDA +87%, and $4.8 billion free cash flow, prompting management to raise full‑year revenue, adjusted EBITDA margin, and free cash flow guidance.
• Gas Power demand remained strong: management signed 21 GW in Q1, grew gigawatts under contract to ~100 GW with slot reservations to 56 GW, expects Q2 bookings of 10–15 GW and at least 110 GW under contract by year‑end, and is ramping factory output toward 20 GW annualized by mid‑2026.
• Electrification momentum accelerated after the Prolec acquisition (Electrification backlog to $42 billion), with Q1 data‑center orders larger than all of 2025 and the company raising Electrification revenue and margin targets for 2026.
• Wind remains a drag: Q1 revenue fell 25%, segment EBITDA loss of $382 million (management still expects ~<$400 million> EBIT loss for 2026) and continued tariff and U.S. permitting uncertainty that could pressure near‑term results.

GE Vernova Stock Down 1.4%

Shares of GEV stock traded down $16.01 on Friday, hitting $1,133.52. 325,707 shares of the stock were exchanged, compared to its average volume of 2,717,222. The company has a current ratio of 0.89, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $304.76 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 4.36 and a beta of 1.43. The business has a 50-day moving average of $890.83 and a 200 day moving average of $727.35. GE Vernova has a fifty-two week low of $356.94 and a fifty-two week high of $1,181.95.

GE Vernova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Tuesday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, March 17th. GE Vernova’s dividend payout ratio is currently 11.24%.

Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Blowout Q1 results and guidance lift sentiment — GEV reported massive EPS upside (reported EPS $17.44 vs. est. $1.95), stronger revenue and raised free‑cash‑flow/annual outlook as data‑center and electrification orders accelerated. MarketBeat Earnings Coverage
• Positive Sentiment: Analyst upgrades & higher targets add buy‑side momentum — Oppenheimer issued a buy and several firms (TD Cowen, Robert W. Baird) raised targets substantially, supporting further upside expectations. Globe and Mail: Oppenheimer Buy
• Positive Sentiment: Backlog and electrification demand point to sustained revenue growth — Analysts and bullish writeups cite record backlog (Power, Electrification) and large data‑center orders as multi‑year tailwinds for margins and cash flow. Seeking Alpha: Backlog & Growth
• Neutral Sentiment: Market narratives and momentum explain much of the price move — Multiple explainers examine whether the stock’s 2x+ run reflects fundamentals or momentum; useful context but mixed implications for near‑term returns. Forbes Analysis
• Neutral Sentiment: Long‑term bull cases proliferate — Several investment pieces name GEV among top renewable/energy picks based on secular electrification and AI demand; helpful for conviction but dependent on execution. Yahoo: Long‑term Picks
• Negative Sentiment: Insider selling noted — Executives/insiders have sold portions of holdings (retained about US$13m while selling at higher prices), which can raise governance or timing concerns for some investors. Yahoo: Insider Selling
• Negative Sentiment: Regulatory and 10‑K risk reminders — Analysts and filings flag new/regulatory risks in the 2025 10‑K that investors should monitor; these are potential downside catalysts if realized. TipRanks: 10‑K Risk Factors

Analyst Upgrades and Downgrades

GEV has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a $1,350.00 target price (up from $965.00) on shares of GE Vernova in a research note on Friday. Weiss Ratings raised GE Vernova from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Mizuho set a $714.00 target price on GE Vernova in a research note on Tuesday, February 3rd. China Renaissance raised GE Vernova to a “strong-buy” rating in a research note on Thursday, January 29th. Finally, Glj Research boosted their target price on GE Vernova from $758.00 to $1,087.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, GE Vernova has a consensus rating of “Buy” and a consensus target price of $1,077.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. First Commonwealth Financial Corp PA boosted its position in shares of GE Vernova by 3.5% during the fourth quarter. First Commonwealth Financial Corp PA now owns 380 shares of the company’s stock worth $248,000 after buying an additional 13 shares during the period. Empire Financial Management Company LLC boosted its position in shares of GE Vernova by 1.0% during the fourth quarter. Empire Financial Management Company LLC now owns 1,453 shares of the company’s stock worth $950,000 after buying an additional 15 shares during the period. Azimuth Capital Investment Management LLC boosted its position in shares of GE Vernova by 0.8% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 1,984 shares of the company’s stock worth $1,297,000 after buying an additional 15 shares during the period. Hoxton Planning & Management LLC boosted its position in GE Vernova by 5.1% during the fourth quarter. Hoxton Planning & Management LLC now owns 351 shares of the company’s stock valued at $229,000 after purchasing an additional 17 shares during the last quarter. Finally, Graney & King LLC boosted its position in GE Vernova by 2.4% during the second quarter. Graney & King LLC now owns 722 shares of the company’s stock valued at $382,000 after purchasing an additional 17 shares during the last quarter.

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.