New York, Jan 30, 2026, 12:31 ET — Regular session
- Shares of GE Vernova climbed roughly 1% in midday trading following this week’s upward revision of its 2026 revenue and cash forecasts.
- The company flagged potential setbacks in wind projects that might weigh on 2026 results, despite steady demand for gas turbines and grid equipment.
- The next milestone is the deal execution, followed by the first-quarter update set for April 22.
Shares of GE Vernova Inc edged up 0.9% to $723.87 on Friday, after fluctuating between $698.64 and $752.00 earlier in the session. Investors mulled over the company’s updated outlook alongside fresh remarks on its wind division.
This move is significant since GE Vernova occupies a key spot amid a frantic race for power gear—gas turbines, grid tech, and related services—as utilities and data-center builders vie for already scarce supply.
Investors see the stock as a gauge for how long the spike in electricity demand might persist and if manufacturers can boost production without losing pricing power.
GE Vernova’s fourth-quarter update on Wednesday showed $22.2 billion in orders and $11.0 billion in revenue. Adjusted EBITDA — operating profit before interest, tax, depreciation, and amortization — came in at $1.2 billion. Free cash flow reached $1.8 billion, the cash remaining after capital expenditures. The company reported a total backlog of $150 billion and raised its 2026 outlook to $44 billion-$45 billion in revenue and $5.0 billion-$5.5 billion in free cash flow, citing “significant momentum” heading into the year. 1
GE Vernova plans to finalize its acquisition of Prolec GE early next month, Utility Dive reported, highlighting the transformer maker as key to its long-term strategy. The report noted the company secured 59 gas turbine orders in Q4, a 74% jump from last year. CEO Scott Strazik called the market “growing” and “long-cycle.” Utility Dive also mentioned Strazik’s warning about a tighter deadline for Vineyard Wind, aiming to wrap up by March to avoid losing access to an installation vessel. 2
A regulatory filing dated Jan. 28 revealed the company’s fourth-quarter results, accompanied by the financial documents as an exhibit. 3
GE Vernova flagged its wind unit as the key wildcard. This week, the company said installation delays at the Vineyard Wind project off Massachusetts could slash revenue by about $250 million in 2026. If 11 turbines go uninstalled, that hit could deepen to a low double-digit percentage drop in revenue and roughly $400 million in losses. Tariffs that kicked in during Q2 last year also dragged results by around $70 million. On a brighter note, CEO Scott Strazik told analysts the business has secured over $2 billion in electrification orders tied to data centers for 2025. GE Vernova is projecting 2026 revenue to beat Wall Street estimates compiled by LSEG. 4
GE Vernova’s core turbine and grid businesses go head-to-head with Siemens Energy and Mitsubishi Heavy Industries in gas power, and face off against companies like Vestas in wind. Yet investors have been treating it more as a bet on immediate power shortages than a clean energy stock.
Execution is the next step: shutting down Prolec, scaling up production, and delivering steadier results in wind. The next key event on the calendar is GE Vernova’s Q1 2026 earnings webcast, set for April 22. 5
