GE Vernova Inc. (NYSE: GEV) finished Tuesday’s session essentially flat and traded quietly after the closing bell, with investors digesting a pair of international project updates and positioning for a holiday-shortened U.S. trading day on Wednesday, December 24, 2025.
GE Vernova stock after the bell: where GEV stands tonight
GE Vernova shares closed Tuesday at about $661.45, down roughly 0.05% on the day, and were little changed in after-hours trading at about $661.22 as of the evening update. The stock’s reported intraday range was roughly $654.00 to $664.82, with volume around 1.66 million shares. [1]
With holiday week liquidity typically lighter than normal, after-hours moves can be choppy and spreads can widen—so market participants often treat late prints as a temperature check rather than a definitive verdict.
The two GE Vernova headlines investors are weighing tonight
1) India grid modernization: POWERGRID HVDC refurbishment contract
GE Vernova said its Electrification Systems business won a contract from Power Grid Corporation of India Limited (POWERGRID) to refurbish the Chandrapur back-to-back HVDC link, described as a 1,000 MW interconnection between India’s western and southern grid systems. The company called it its first HVDC refurbishment contract in India. [2]
Key details from the company’s announcement:
- The link was originally commissioned in the late 1990s and is positioned as an important “balancing” asset between regional grids. [3]
- GE Vernova’s scope includes upgrading both 500 MW converter stations, modernizing HVDC control and protection systems, and replacing legacy converter valves with advanced technology manufactured at GE Vernova facilities in India. [4]
- GE Vernova said the order was booked in December 2025. [5]
Why it matters for GEV: even without a disclosed contract value, the headline reinforces a theme investors have been paying for—grid investment and electrification, especially where reliability upgrades are needed to accommodate growing renewable penetration and long-distance power transfer.
2) Australia wind deal: 42 turbines for Carmody’s Hill Wind Farm
In a separate update, GE Vernova said it signed an agreement with Aula Energy to supply 42 of its 6.1 MW–158m onshore wind turbines for the 256 MW Carmody’s Hill Wind Farm in South Australia. The package includes turbine supply and installation plus a five-year full-service operations and maintenance agreement, and GE Vernova said the order was booked in the fourth quarter of 2025. [6]
The company also pointed to Australia as a market where it has been consistently closing projects, and it framed the deal as a “workhorse” platform strategy to speed contracting and grid approvals. [7]
Why it matters for GEV: Wind has been the most scrutinized part of the GE Vernova story for many investors, so steady deal flow—especially with service components attached—can help sentiment even when the broader wind industry has faced uneven conditions.
The bigger picture: why GE Vernova remains a “power demand” stock
Over the past few weeks, GE Vernova’s stock narrative has been dominated by a simple question: How fast does electricity demand grow—especially from data centers and AI—and who benefits?
At GE Vernova’s December investor update, the company outlined higher expectations and a longer runway than many investors had previously modeled, including:
- 2025 revenue guidance of $36–$37B and adjusted EBITDA margin of 8%–9%;
- 2025 free cash flow guidance raised to $3.5–$4.0B;
- 2026 revenue guidance of $41–$42B, 11%–13% adjusted EBITDA margin, and $4.5–$5.0B free cash flow;
- longer-term targets that include 2028 revenue of $52B and 20% adjusted EBITDA margin, plus $22B+ cumulative free cash flow (2024–2028). [8]
Reuters also highlighted that update as a driver of optimism tied to AI-linked electricity demand and stronger outlook assumptions. [9]
What analysts are saying now: high price targets, but valuation debates
Analyst tone has generally skewed positive into year-end, with multiple firms raising targets in December.
Examples of notable targets cited in recent coverage include:
- Jefferies price target cited around $830 (Barron’s). [10]
- Wells Fargo raised its target to $831 (The Fly via TipRanks). [11]
- J.P. Morgan has been cited with a $1,000 target in recent write-ups after the investor event (Investing.com / TipRanks coverage). [12]
At the same time, valuation has become the central counterweight. Barron’s described the stock as trading at a premium multiple versus the typical industrial peer set and framed the key risk as what happens if long-duration growth expectations cool. [13]
Risks to watch: offshore wind policy shock and “AI sentiment” volatility
Offshore wind: policy headlines are back in focus
One of the biggest sector headlines this week has been the U.S. government’s move to pause leases for five large-scale offshore wind projects under construction, citing national security risks. [14]
For GE Vernova investors, the key nuance is “who eats the cost” when projects stall. A separate Investing.com explainer cited Bernstein’s view that turbine suppliers such as GE Vernova may see limited impact due to contractual protections (including break fees and advance payments), even if developers face uncertainty. [15]
AI-driven power demand: the narrative can swing fast
GE Vernova has also been a proxy for the “AI power buildout” trade, which has shown sharp mood swings. In recent sessions, Barron’s tied bouts of volatility in GEV to investor fears that more energy-efficient AI hardware could reduce incremental power demand—pressuring stocks that have benefited from the data center electricity thesis. [16]
Wind industry fundamentals: still challenging, but 2026 optimism exists
On the operational side, Reuters reported that 2025 was a difficult year for the wind sector globally, while also pointing to expectations for an uplift into 2026. [17]
That backdrop matters for GE Vernova because it helps explain why even “good news” (like new wind orders) may not always translate into immediate stock upside—investors are still calibrating how durable wind profitability will be versus faster-moving opportunities in grid and gas power.
What to know before the market opens tomorrow, Wednesday Dec. 24, 2025
Wednesday’s session comes with three practical differences that matter for anyone following GEV into the open:
1) It’s a shortened U.S. trading day (and markets are open despite federal office closures)
Both the NYSE and Nasdaq calendars show Christmas Eve (Dec. 24) as an early close at 1:00 p.m. ET. [18]
Reuters also reported that major U.S. exchanges will remain open on Dec. 24 and Dec. 26, even after an order affecting federal government offices, and that they will follow the pre-set schedule (including the Dec. 24 early close). [19]
Why it matters for GEV: Short sessions can amplify price gaps, reduce liquidity, and make late-day moves look bigger than they are—especially for high-profile momentum names.
2) Key macro data hits before the bell: jobless claims
Market calendars flag U.S. initial jobless claims at 8:30 a.m. ET on Wednesday, Dec. 24. [20]
Why it matters for GEV: GE Vernova is not a “macro-only” stock, but in a thin holiday session, surprises in labor data can still shift risk appetite across the market—especially for high-valuation industrial growth names.
3) Energy-market inputs: watch oil and related sector tone
Investing.com noted that jobless claims and crude oil inventories are among the key items on Wednesday’s docket. [21]
Even if oil isn’t a direct driver of GE Vernova’s equipment demand, sector sentiment can influence flows—particularly with energy-adjacent infrastructure stocks trading as a theme.
Practical “watch list” for GEV into Wednesday’s open
If you’re tracking GE Vernova into the Dec. 24 session, here are the items most likely to matter in real time:
- Any follow-through headlines on today’s India HVDC refurbishment award (POWERGRID) and the Aula Energy wind agreement—especially if third parties add scope, timing, or financial context that wasn’t disclosed in the initial releases. [22]
- Policy-driven volatility tied to offshore wind pauses and any legal/administrative responses, since the news has already rippled through the wider wind ecosystem. [23]
- Price behavior around today’s range: roughly $654 (day low) as a near-term downside reference and $665 (day high) as a nearby upside reference—useful levels simply because they’re where trading actually occurred today. [24]
- Liquidity conditions: with an early close, the “real” move can sometimes happen quickly near the open rather than later in the day.
Bottom line for tomorrow’s session
As of after-hours Tuesday, GE Vernova stock is steady near $661, with late trading showing no major repricing on the day’s contract announcements. [25]
The setup into Wednesday is less about a single catalyst and more about how investors balance:
- continued evidence of order momentum in electrification and wind,
- a still-bullish multi-year growth narrative supported by December guidance,
- against headline risks around offshore wind policy and a market that can be extra-sensitive during a holiday-shortened session. [26]
This article is for informational purposes only and is not investment advice.
References
1. www.investing.com, 2. www.gevernova.com, 3. www.gevernova.com, 4. www.gevernova.com, 5. www.gevernova.com, 6. www.gevernova.com, 7. www.gevernova.com, 8. www.gevernova.com, 9. www.reuters.com, 10. www.barrons.com, 11. www.tipranks.com, 12. www.investing.com, 13. www.barrons.com, 14. www.doi.gov, 15. www.investing.com, 16. www.barrons.com, 17. www.reuters.com, 18. www.nyse.com, 19. www.reuters.com, 20. www.marketwatch.com, 21. www.investing.com, 22. www.gevernova.com, 23. www.doi.gov, 24. www.investing.com, 25. www.investing.com, 26. www.gevernova.com
