GE Vernova (GEV) Stock Near $600: Institutional Buying, Taiwan Wind Deal and AI Power Boom

Published: November 30, 2025

GE Vernova Inc. (NYSE: GEV) heads into the final trading month of 2025 as one of Wall Street’s standout energy names. The stock is hovering just under $600 a share after a powerful multi‑month rally, bolstered by fresh institutional buying, a milestone wind-repowering deal in Taiwan, and a growing role in powering energy‑hungry AI data centers and grid upgrades. ^[1]

This weekend’s news flow is dominated by a new 13F disclosure from Estabrook Capital Management, while investors also digest recent earnings, big-ticket grid and gas‑turbine projects, and an upcoming investor update that will set the tone for GE Vernova’s 2026 outlook. ^[2]

Note: This article is for informational purposes only and does not constitute investment advice.

GE Vernova stock snapshot: just below $600, near the top of its range

GE Vernova last traded on Friday, November 28, closing at $599.77, up 1.70% on the day. The session’s intraday range ran from $588.53 to $599.77, with after‑hours trading slipping slightly to about $598.10. ^[3]

Key price and valuation metrics as of the latest close include: ^[4]

Market capitalization: roughly $162 billion
12‑month range:$252.25–$677.29
Trailing P/E ratio: around 97x
Beta: about 1.7, indicating higher volatility than the broader market

Performance has been striking. Over the past six months, the stock is up about 38%, and Simply Wall St estimates the year‑to‑date gain at nearly 74%, reflecting intense investor enthusiasm for GE Vernova’s role in electrification, grid modernization and energy infrastructure linked to AI and data centers. ^[5]

New today: Estabrook Capital boosts its GE Vernova stake

The headline development dated November 30 is a fresh institutional ownership update from Estabrook Capital Management. According to a new SEC filing summarized by MarketBeat, Estabrook: ^[6]

Increased its GE Vernova position by 20.1% during the second quarter
Purchased an additional 1,808 shares, taking its holdings to 10,799 shares
Reported a position valued at approximately $5.7 million at the time of the filing

The same filing highlights a broader pattern of institutional accumulation, with other investors such as Caitong International Asset Management, Pines Wealth Management, Resona Asset Management, Dupree Financial Group, and Lockheed Martin Investment Management all establishing or increasing positions in GE Vernova over recent quarters. ^[7]

A separate roundup published on November 29 notes that multiple funds – including Scotia Capital, Schroder Investment Management Group, Meridian Wealth Partners and others – have also been adding to or initiating GEV stakes in recent months, even as some investors lock in profits at the margins. TS2 Tech

Taken together, today’s Estabrook disclosure reinforces a key part of the bull case: GE Vernova is increasingly held by long‑only, fundamentals‑focused institutions, not just momentum traders.

Q3 2025 earnings: revenue beats, EPS miss, guidance reaffirmed

GE Vernova’s latest quarterly report, released on October 22, remains central to the stock’s narrative heading into year‑end. ^[8]

Highlights from Q3 2025 include:

Revenue:$9.97 billion, up 11.8% year‑over‑year, and ahead of consensus estimates around $9.1 billion
EPS:$1.64, up sharply from $0.35 a year ago, but slightly below analyst expectations near $1.72
Net margin: about 4.5%
Return on equity: roughly 17%

On the balance‑sheet and outlook side, GE Vernova: ^[9]

Reaffirmed full‑year 2025 guidance, expecting revenue toward the high end of $36–37 billion
Guides for adjusted EBITDA margin of 8–9%
Targets free cash flow in the $3.0–3.5 billion range

Underlying that guidance is a powerful order and backlog story. Management has previously pointed to double‑digit order growth and a backlog exceeding $130 billion, supported by grid equipment, gas‑turbine, wind and electrification projects globally. Independent analyses echo this, emphasizing strong power‑generation and grid‑infrastructure orders as drivers of margin‑accretive growth. ^[10]

Strategic deals reshaping the investment case

Recent news flow shows GE Vernova aggressively expanding its footprint across the energy value chain – from transformers and gas turbines to wind repowering and carbon capture.

Prolec GE: a $5.28 billion grid bet

On October 21, GE Vernova announced plans to pay $5.28 billion to acquire the remaining 50% stake in Prolec GE, its transformer joint venture with Mexico‑based Xignux. ^[11]

Key details:

The deal will be funded 50% with cash, 50% with debt
Closing is expected by mid‑2026, subject to regulatory approvals
Prolec employs about 10,000 people across seven manufacturing sites, five of them in the U.S.
The move is explicitly positioned as a response to surging demand for grid equipment driven by the AI boom, cryptocurrency mining and rising power needs in the U.S. ^[12]

For investors, Prolec is a direct play on one of GE Vernova’s core themes: modernizing overstretched transmission and distribution networks so that renewables, nuclear and data‑center loads can actually reach end-users.

Taiwan: first international onshore wind repower upgrade

In November, GE Vernova announced its first onshore wind repowering upgrade contract outside the United States, signing with Taiwan Power Company (TPC). ^[13]

According to the company:

GE Vernova will supply 25 repower upgrade kits for its 1.5 MW‑70.5m turbines in Taiwan
The deal includes a five‑year operations and maintenance (O&M) services agreement
The order was booked in Q3 2025, with initial components shipping in Q4 2025 and retrofit work running through 2026–2027
The project extends turbine life beyond the original design, supporting Taiwan’s decarbonization and energy‑security goals

Simply Wall St notes that GE Vernova shares jumped roughly 7.9% following the Taiwan announcement, underscoring how investors view international wind services and recurring O&M contracts as an important, higher‑margin complement to more volatile equipment sales. ^[14]

Singapore: carbon capture for a hydrogen‑ready gas plant

On October 27, Reuters reported that GE Vernova and YTL PowerSeraya will conduct a carbon capture feasibility study for a 600 MW hydrogen‑ready combined‑cycle gas plant on Singapore’s Jurong Island. ^[15]

The project aims to:

Capture at least 90% of CO₂ emissions from the planned plant
Be co‑funded by Singapore’s Energy Market Authority
Optimize post‑combustion carbon capture while minimizing impacts on plant output, performance and cost

This is GE Vernova’s first carbon capture assessment in Singapore, and it fits neatly into the company’s positioning as a provider of gas, grid and decarbonization technology for countries seeking net‑zero pathways.

Poland: H‑Class gas turbines for Enea’s Kozienice power station

Also on November 18, GE Vernova disclosed a major order from Enea Group in Poland for two 9HA.01 gas‑turbine combined‑cycle blocks at the Kozienice power station. ^[16]

Highlights include:

Planned start of operations in 2029
Approximately 1.2 GW of capacity delivered to the national grid
Up to 60% lower emissions compared with a coal‑fired plant of similar size
The order pushes GE Vernova’s H‑Class fleet above 200 units of orders

For investors, Kozienice underscores the company’s ability to win large, long‑dated gas projects that complement wind and nuclear in Europe’s energy transition.

Syria: early‑stage talks on a $7 billion power‑sector rebuild

In a more geopolitically complex development, Reuters reported on November 13 that GE Vernova and Siemens Energy are in talks to supply gas turbines – and potentially grid infrastructure – for a $7 billion project aimed at rebuilding Syria’s war‑damaged power sector. ^[17]

The discussions are preliminary, with no contracts signed and no clear estimate of how much the turbine and grid portions might be worth. Still, the report highlights both:

The scale of opportunities in emerging and post‑conflict markets
The political and execution risks attached to such deals

Upcoming catalyst: December 9 investor update

GE Vernova has scheduled a dedicated Investor Update event for December 9, 2025, at 4:30 PM EST in New York. CEO Scott Strazik and CFO Ken Parks will: ^[18]

Present 2026 financial guidance
Update the company’s outlook through 2028
Offer commentary on longer‑term trends spanning AI‑driven electrification, grid investments, nuclear, gas and renewables

The event will be webcast via the company’s Investor Relations site, and many analysts see it as the next major inflection point for the stock, especially after the Prolec acquisition announcement and recent wind and gas wins.

Analyst views: “Moderate Buy” consensus, but valuation debate is intense

Sell‑side and independent research generally agree that GE Vernova has a compelling strategic position – but they diverge on how much investors should pay for that story.

Ratings and targets

MarketBeat’s latest compilation shows: ^[19]

4 analysts with a Strong Buy rating
19 with Buy
8 with Hold
2 with Sell

That mix translates into an overall “Moderate Buy” rating and a consensus price target around $607.81, only modestly above the current share price just under $600.

Zacks, meanwhile, assigns GE Vernova a Rank #3 (Hold), citing robust earnings growth expectations but modest downward revisions in recent estimates. For 2025, Zacks pegs consensus EPS at around $7.47, up roughly 34% year‑over‑year, and sees another sharp step‑up in 2026. ^[20]

MarketBeat’s data, which use a slightly different methodology, imply full‑year EPS closer to $6.59, underscoring that estimates vary depending on the source and assumptions. ^[21]

Valuation: upside or already priced in?

Simply Wall St’s narrative‑driven valuation work estimates a “fair value” of about $678.93 per share, roughly 13% above recent levels, based on a forecast path to $48 billion in revenue and $5.8 billion in earnings by 2028 – implying around 9.5% annual revenue growth. ^[22]

At the same time, the service notes that GE Vernova trades at roughly 94x earnings, far above:

Its sector peers, at around 31x
The “fair” multiple implied by their model, near 78x

That combination – high growth plus an even higher multiple – fuels a lively debate:

Bulls argue that GE Vernova is a rare asset at the heart of multiple mega‑trends: AI data centers, grid bottlenecks, nuclear power, wind repowering and carbon capture.
Skeptics worry that any stumble in execution, delays in large projects or a shift in the AI‑infrastructure narrative could trigger a sharp de‑rating from today’s premium valuation. ^[23]

Business profile: purpose‑built energy platform after GE’s breakup

GE Vernova became an independent, publicly traded company in April 2024 as part of General Electric’s final breakup. It now sits in the S&P 500 and operates through three core segments: Power, Wind and Electrification, supported by “accelerator” businesses such as research, consulting and financial services. ^[24]

Key facts:

Headquarters: Cambridge, Massachusetts, U.S.
Employees: approximately 75,000 across ~100 countries
Portfolio spans gas and steam turbines, hydro and nuclear, onshore and offshore wind, grid solutions, power conversion, storage and related software

The company’s stated mission is to “electrify the world while decarbonizing it”, and its 2025 project list – Prolec transformers, Taiwan and Poland deals, Singapore carbon capture, potential Syria turbines – shows how that mission translates into a highly diversified, but complex, project pipeline. ^[25]

Key risks investors are watching

Recent coverage, including detailed analysis from TS2.tech, Zacks and Simply Wall St, highlights several risk factors investors are weighing alongside the upside story: ^[26]

Rich valuation
- With a P/E near the high‑90s, GE Vernova leaves limited room for disappointment. Even solid execution could be met with multiple compression if growth slows or investor enthusiasm for “AI infrastructure” names cools.
Wind‑segment volatility
- While onshore services and repowering (such as Taiwan) are performing well, offshore wind globally remains challenged by policy uncertainty, cost inflation and project cancellations, which can weigh on segment profitability.
Project and geopolitical risk
- Large infrastructure projects – from Polish gas plants to potential Syrian power reconstruction – involve permitting, financing, and political risk that can affect order timing, backlog conversion and cash flow.
Execution on acquisitions and expansion
- Integrating Prolec GE and scaling manufacturing and grid‑equipment capacity in North America will demand flawless operational execution to hit the margin and cash‑flow targets underpinning bullish valuation models.
Policy and regulatory overhangs
- GE Vernova’s growing exposure to nuclear, gas and carbon capture means outcomes will depend heavily on emissions rules, nuclear licensing decisions and trade or tariff policies in key markets.

What today’s November 30 update means for GE Vernova stock

From a November 30 perspective, the core story has not changed – but it has become more finely balanced:

The Estabrook Capital filing adds another data point to a pattern of net institutional accumulation in GEV, even at elevated prices. ^[27]
Strategic moves – Prolec, Taiwan wind repowering, Singapore carbon capture, Polish gas turbines, and potential Syrian power projects – deepen GE Vernova’s role as a full‑stack provider of energy and grid infrastructure. ^[28]
Q3 numbers and reaffirmed 2025 guidance back up a credible growth and cash‑flow trajectory, though the EPS miss is a reminder that the path will not be perfectly smooth. ^[29]
Analyst sentiment is constructive but cautious: many see upside from fundamentals and backlog, but almost all flag the stretched valuation as the main source of risk. ^[30]

For now, GEV sits at the crossroads of major global themes – AI, electrification, renewables, nuclear and grid resilience – and the market is clearly willing to pay a premium for that exposure. The next big checkpoint will be the December 9 investor update, where management’s 2026 guidance and 2028 outlook could either justify today’s lofty multiple or raise fresh questions about how much of the story is already priced into the stock. ^[31]

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