New York, January 15, 2026, 12:58 (ET) — Regular session
- Shares of GE Vernova climbed midday after Jefferies raised its price target and kept a Buy rating.
- Investors are gearing up ahead of the company’s quarterly report and guidance update set for Jan. 28
- The big question is whether orders and cash flow can keep up with the soaring power demand driven by data centers
Shares of GE Vernova climbed $4.85, or roughly 0.8%, to $649.03 in midday trading Thursday in New York, following Jefferies’ decision to lift its price target from $830 to $865 while keeping a buy rating, MT Newswires reported. The stock hit an intraday high of $666 and a low of $647.92. (MarketScreener)
The new target arrives just under two weeks before GE Vernova releases its fourth-quarter and full-year results on Jan. 28, before the market opens. Traders are moving fast to jump on—or steer clear of—any momentum building ahead of that announcement. (GE Vernova)
The key question is whether GE Vernova can deliver on high expectations with solid results and a clear forecast. The company’s growth hinges on demand for grid equipment and gas turbines, a narrative that has attracted broad investor interest — but that enthusiasm can evaporate just as quickly.
Back in December, the company projected 2026 revenue between $41 billion and $42 billion, with free cash flow — the money left after expenses and capital spending — expected to hit $4.5 billion to $5.0 billion. It also raised its share buyback plan by $4 billion, Reuters reported. The outlet added that surging electricity demand from AI and cryptocurrency data centers is driving higher sales of turbines and grid equipment. (Reuters)
Some analysts see more upside than the market currently prices in. After a December investor day, RBC Capital said, “The outlook leaves room for further outperformance.” Meanwhile, William Blair’s Jed Dorsheimer noted turbine production slots are booked through 2028, per Reuters. The report also highlighted Siemens Energy and Mitsubishi Heavy Industries raising their targets, underscoring how this cycle remains global and fiercely competitive. (Reuters)
GE Vernova’s shares have bounced between roughly $617 and $666 throughout this month, reflecting investors’ shifting expectations after a strong rally late last year. (Investing)
Jefferies’ update piles onto a string of target revisions spurred by the company’s positive long-range outlook back in December. Here, the price targets act less as precise predictions and more as a gauge of how much optimism analysts believe is baked into the stock.
The setup cuts both ways. Shares already price in a solid 2026, so any slowdown in orders, margin pressure, or weaker demand for power equipment could weigh heavily on the stock. Supply-chain issues remain a real threat: CEO Scott Strazik flagged concerns about yttrium availability back in December, citing China’s export restrictions and saying, “We are very focused on it every day.” (Reuters)
Jan. 28 is the next key date. Investors expect updates on the order book, cash flow, and any revisions to the 2026 outlook. They’ll also watch for details on how quickly the company intends to convert its buyback authorization into actual stock repurchases.
