New York, January 31, 2026, 16:27 EST — Markets have closed.
- Shares ended the session 1.3% higher at $726.37, having surged to an intraday peak of $752.
- Investors are balancing a more optimistic 2026 forecast with ongoing concerns over offshore wind execution risks.
- U.S. data and earnings reports due next week may set the tone for risk appetite at Monday’s open.
GE Vernova shares closed Friday at $726.37, up 1.3%. The stock climbed roughly 9% on the week, hitting over $750 during intraday trading before pulling back. (Twelve Data)
The stock’s wild swings have made it a test case for whether investors are ready to pay a premium for firms linked to growing electricity demand — covering everything from data centers to grid upgrades — despite ongoing challenges with financing costs and project delays.
This matters now as the company’s recent guidance reset has drawn fresh momentum money into the stock, even as its wind business continues to generate headlines that can swiftly sway sentiment.
GE Vernova dropped its 2025 annual report and Form 10-K on Friday, with CEO Scott Strazik spotlighting “electric power” as the upcoming investment wave. “The global energy system is undergoing a major transformation,” Strazik noted in his letter. (GE Vernova)
A filing with the U.S. Securities and Exchange Commission on Jan. 28 revealed the company posted its fourth-quarter and full-year 2025 results on its investor relations website. (Securities and Exchange Commission)
In the earnings webcast transcript, the company boosted its 2026 revenue outlook to $44 billion-$45 billion and increased its free cash flow forecast to $5.0 billion-$5.5 billion. It also projected wind EBITDA losses around $400 million in 2026; EBITDA measures profit before interest, taxes, depreciation, and amortization.
GE Vernova posted fourth-quarter orders totaling $22.2 billion, with its backlog of unfilled orders rising to $150 billion. Chief Financial Officer Ken Parks highlighted “robust quarterly orders” alongside “significant free cash flow generation.” (GE Vernova)
The wind segment remains the key wildcard. GE Vernova warned missing the installation of 11 turbines at the Vineyard Wind project off Massachusetts could slash revenue by a low double-digit percentage, hitting roughly $400 million in losses. Tariffs implemented last year also dragged on performance. On another note, CEO Strazik told analysts the company secured over $2 billion in electrification orders tied to data centers slated for 2025. He added the backlog in power and electrification should strengthen as the Prolec GE acquisition wraps up. (Reuters)
Next week brings a jam-packed earnings schedule alongside fresh U.S. labor figures that could shake up rate forecasts and the wider market. The U.S. Bureau of Labor Statistics will release the January jobs report on Feb. 6—an important gauge for investors tracking the Fed’s rate moves. (Reuters)
The downside remains clear-cut: any further delays in offshore wind projects or a larger-than-anticipated cash burn in the wind division could swiftly derail the “AI-grid” narrative. Investors are keenly focused on whether backlog translates into actual margins and cash, rather than just impressive headlines and order volumes.
Markets reopen Monday. The next key date on the calendar: April 22, when GE Vernova plans to hold its first-quarter 2026 earnings webcast. (GE Vernova)
