New York, February 6, 2026, 18:50 EST — After-hours
- Shares snapped a two-day losing streak, ending Friday up 5.7%. After the bell, the stock picked up a bit more ground.
- Baird bumped GE Vernova to Outperform, pointing to what it calls an early-stage energy infrastructure cycle.
- Next up for investors: tracking debt-driven grid expansion plans, plus the April 22 earnings update.
GE Vernova Inc (GEV.N) bounced back Friday, climbing 5.7% to finish at $779.35. That gain snapped a two-day losing streak following a steep fall earlier in the week. After the bell, shares inched up another 0.3% to $781.76. 1
This matters: GE Vernova now stands in as a key bellwether for U.S. power-buildout spending—think gas turbines, grid gear, the whole lot—as investors hash out just how quickly demand for electricity will ramp up, driven by data centers and the electrification wave.
This week, the debate got loud. The stock lurched on every signal—what utilities and big buyers might pay for capacity, how fast manufacturers can actually supply it.
GE Vernova’s onshore wind division, on Thursday, pointed to 1.1 gigawatts in “repower” orders secured for 2025 across U.S. sites—essentially, swapping out older gear for new. “These significant repower orders underscore the critical role our advanced technology plays,” said Uzair Memon, chief commercial officer for onshore wind services. David Hardy, wind chief commercial officer, called repowering a way to “rejuvenate a wind farm.” The company expects these projects to hit commercial operation sometime between 2026 and 2027, but also clarified that the latest figures don’t include any new orders beyond what’s already been announced. 2
Baird bumped GE Vernova up to Outperform from Neutral earlier in the week, tacking on a price target boost to $923 from $701. Analyst Ben Kallo, citing fresh channel checks and investor talks, argued that the energy infrastructure cycle “is still in the early innings.” He also pushed back on concerns about gas-power overcapacity, saying those risks “will not materialize in the near- to intermediate-term.” 3
GE Vernova wrapped up a $2.6 billion senior notes sale, according to a regulatory filing. The unsecured bonds break down like this: $600 million at 4.250%, maturing in 2031; another $1.0 billion at 4.875% due in 2036; and $1.0 billion at 5.500% that come due in 2056. The company intends to put the proceeds toward general corporate needs, including a portion of the Prolec GE acquisition. 4
GE Vernova on Feb. 2 wrapped up its $5.275 billion purchase of the remaining half of Prolec GE, the transformer manufacturer that had been operating as a joint venture. The deal, split evenly between cash and debt, hands Vernova full control. “We are … combining the strengths of our two companies to offer customers a broader portfolio and operate at a higher capacity to fulfill expectations, especially in North America where grid demand is strong,” Chief Executive Scott Strazik said in the statement. 5
Stocks shot higher Friday, snapping back along with the broader market. The S&P 500 tacked on 2.0%, while the Nasdaq climbed 2.2%, and the Dow booked a 2.5% gain, LSEG figures on Reuters show. 6
Even so, the risks are clear enough. GE Vernova flagged last month that its wind division faces a potential $250 million revenue shortfall in 2026 due to installation delays at the Vineyard Wind offshore site. On top of that, not installing 11 turbines could end up costing about $400 million in losses. 7
The balance-sheet question hangs over everything: tapping long-term debt fuels growth and M&A, but also ups execution pressure. Any slowdown in demand, or a shift as equipment constraints loosen and pricing clout slips, could quickly turn the stock’s latest moves into a liability.
GE Vernova will deliver its first-quarter results on April 22, taking questions from investors about electrification orders, how Prolec integration is shaping up, and whether there’s been movement on the wind outlook. The webcast details are posted 8 .
