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. (GE Vernova)
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. (Utility Dive)
A regulatory filing dated Jan. 28 revealed the company’s fourth-quarter results, accompanied by the financial documents as an exhibit. (SEC)
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. (Reuters)
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. (GE Vernova)
