GE Vernova (NYSE:GEV) Stock Jumps 4.2% - Still a Buy?

Key Points

• GE Vernova shares jumped 4.2% to about $927, though they remain below their 50-day and 200-day moving averages of $958.76 and $1,002.59, respectively.
• A $176 billion backlog, potential growth in LNG infrastructure and data-center power demand, and expected earnings growth support the long-term outlook. However, the company recently missed quarterly EPS estimates, and high expectations have contributed to profit-taking and volatility.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $1,164.87, while GE Vernova also declared a $0.50 quarterly dividend.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) traded up 4.2% during trading on Wednesday. The company traded as high as $935.16 and last traded at $927.2920. Approximately 2,995,038 shares were traded during trading, an increase of 14% from the average daily volume of 2,637,575 shares. The stock had previously closed at $890.33.

More GE Vernova News

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

• Positive Sentiment: Large backlog supports long-term growth. GE Vernova’s backlog has reportedly reached $176 billion and could approach $200 billion in early 2027. The backlog, recurring revenue and potential margin expansion provide visibility into future sales and earnings. GE Vernova's $176 Billion Backlog, Explained
• Positive Sentiment: New power agreements could expand demand. Venture Global signed power agreements with GE Vernova and Baker Hughes to support LNG growth and potentially enable as much as 10 gigawatts of data-center capacity by 2034, reinforcing GEV’s exposure to LNG infrastructure and AI-related electricity demand. VG Inks Power Agreements With GEV, BKR to Support LNG Growth
• Positive Sentiment: International and grid opportunities remain attractive. GE Vernova outlined pathways for Spain to achieve reliable, net-zero electricity by 2050, highlighting grid modernization, energy storage and dependable generation. The strategy underscores potential demand for GEV’s grid and power technologies, although it is not an immediate contract announcement. GE Vernova Highlights Spain's Path to Reliable, Net-Zero Electricity
• Positive Sentiment: Investors are positioned for possible earnings upside. Analysts expect earnings to grow, and coverage points to a combination of favorable estimates and company fundamentals that could support an earnings beat when results are released on October 28. GE Vernova Earnings Expected to Grow
• Negative Sentiment: Recent weakness reflects profit-taking and high expectations. A fund commentary characterized GE Vernova’s third-quarter pullback as profit-taking despite sustained AI-capex demand. Shares also declined in the prior session even as the broader market advanced, suggesting near-term selling pressure and sensitivity to valuation. GE Vernova’s Q3 Pullback Reflects Profit-Taking

Analyst Ratings Changes

GEV has been the topic of a number of recent research reports. President Capital raised their price objective on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Oppenheimer boosted their target price on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. BNP Paribas Exane lowered their target price on shares of GE Vernova from $1,190.00 to $1,090.00 and set a "neutral" rating on the stock in a report on Thursday, August 20th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,250.00 price target (up from $1,110.00) on shares of GE Vernova in a research report on Friday, August 7th. Finally, Guggenheim reiterated a "buy" rating and set a $1,450.00 price target on shares of GE Vernova in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,164.87.

GE Vernova Price Performance

The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $958.76 and a 200 day moving average of $1,002.59. The firm has a market capitalization of $246.97 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 3.14 and a beta of 1.14.

GE Vernova (NYSE:GEV - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the previous year, the company earned $1.86 EPS. The business's revenue was up 21.9% compared to the same quarter last year. As a group, research analysts anticipate that GE Vernova Inc. will post 15.04 EPS for the current fiscal year.

GE Vernova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova's payout ratio is 5.72%.

Institutional Investors Weigh In On GE Vernova

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its position in shares of GE Vernova by 2.7% during the third quarter. Crossmark Global Holdings Inc. now owns 16,316 shares of the company's stock valued at $15,508,000 after acquiring an additional 436 shares in the last quarter. Albion Financial Group UT raised its holdings in GE Vernova by 0.5% in the 3rd quarter. Albion Financial Group UT now owns 11,951 shares of the company's stock worth $11,359,000 after acquiring an additional 55 shares during the last quarter. Guardian Partners Inc. lifted its position in GE Vernova by 35.6% in the 3rd quarter. Guardian Partners Inc. now owns 381 shares of the company's stock valued at $362,000 after acquiring an additional 100 shares in the last quarter. Sawyer & Company Inc bought a new position in GE Vernova in the 3rd quarter valued at approximately $1,392,000. Finally, City State Bank boosted its stake in GE Vernova by 3.0% during the 3rd quarter. City State Bank now owns 453 shares of the company's stock valued at $431,000 after purchasing an additional 13 shares during the last quarter.

About GE Vernova

GE Vernova Inc NYSE: GEV is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

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