New York, Jan 21, 2026, 5:47 PM ET — After-hours
- Shares of GE Vernova dropped 2.5% during regular trading, then held steady in after-hours.
- A U.S. filing revealed that Power segment CEO Mavi Zingoni has stepped down, with Eric Gray named as the new CEO.
- Attention shifts to GE Vernova’s Jan. 28 earnings, where investors will look for clues on demand, backlog, and margins.
Shares of GE Vernova (GEV) dropped 2.5% Wednesday, closing at $667.89, and saw minimal movement in after-hours. The power-equipment firm announced a leadership shift in its Power segment. The stock fluctuated between $652.76 and $697.00, with trading volume around 4.0 million shares.
Timing is key. GE Vernova plans to report its fourth-quarter and full-year 2025 results on Jan. 28, ahead of the U.S. market open. CEO Scott Strazik and CFO Ken Parks will then break down the figures in a webcast at 7:30 a.m. ET. (GE Vernova)
Investors view the Power business as the main swing factor for the stock, given its role in selling and servicing large gas turbines amid rising data-center demand. Strazik noted in December, “What we’re seeing in the fourth quarter, and into 2026, is accelerating growth in demand.” The company highlighted a turbine backlog fully booked through 2028 and a growing share of U.S. gas-power contracts tied to data centers. (Reuters)
A Form 8-K filing — the U.S. regulatory notice for material corporate events — revealed that Mavi Zingoni will step down as chief executive of the Power segment and as a company officer, effective Jan. 21. GE Vernova said she’ll stay on as an adviser through June 30. Meanwhile, the board named Eric Gray as Power segment CEO while he keeps his role as president and CEO of Gas Power. (SEC)
The reshuffle strikes a stock that’s already seen sharp moves since GE Vernova spun off from General Electric in 2024. Investors quickly revalued shares amid major shifts in power demand and turbine supply. “The company’s investor day fired on all cylinders,” William Blair analyst Jed Dorsheimer noted in December, highlighting tight turbine availability. (Reuters)
Still, the wind sector is under strain. On Tuesday, Reuters revealed that Mitsui and its partners might opt for smaller turbines and push back offshore work on a Japan wind project. This follows GE Vernova’s decision to drop an 18-megawatt turbine model, citing escalating costs. (Reuters)
Traders are left wondering if the leadership shuffle at Power hints at shifts in execution or just tightens control over a backlog that’s already swelling. Either way, it comes mere days ahead of the company having to report on margins, delivery timelines, and cost management.
The upcoming session might see momentum continue, assuming investors view the exit as a step toward clearer strategy and succession at Power. On the flip side, it could quickly fade if management presents it as a smooth transition and risk appetite remains strong.
All eyes are on the Jan. 28 report and conference call. Investors want to hear if demand is shifting, along with updates on how fast GE Vernova can convert orders into shipments — and cash flow.
