GE Vernova Inc. (NYSE: GEV) cooled off on Thursday, December 11, 2025, after a blockbuster week of guidance upgrades, dividend hikes and big new contracts. The stock slipped modestly after the bell but remains one of the strongest large‑cap performers of 2025 heading into the December 12 U.S. stock market open.
Below is what happened after the close on December 11, what the latest news and forecasts say, and the key things traders and investors may want to watch before the bell on Friday.
Key takeaways
Price action: GE Vernova closed around $704 per share on December 11, down roughly 2.6% from Wednesday’s record $723 close, on heavy volume of about 4.7 million shares.
Investing.com
Analyst shock: The pullback followed a downgrade from Seaport Global’s Tom Curran, who cut the stock from Buy to Neutral/Hold, citing rich valuation after a 120% year‑to‑date run and a P/E well over 100x.
GuruFocus
+1
Fundamental backdrop still strong: Earlier in the week, GE Vernova raised its 2026–2028 guidance, doubled its quarterly dividend and expanded its buyback to $10 billion, targeting $52 billion in revenue and a 20% adjusted EBITDA margin by 2028.
FinancialContent
+3
Reuters
+3
GE Vernova
+3
Fresh December 11 news: The company announced new wind and grid contracts in Europe, progress on its BWRX‑300 small modular reactor in the UK, a large gas‑turbine backlog and a credit rating upgrade to ‘BBB’ with a positive outlook.
S&P Global
+6
POWER Magazine
+6
GE Vernova
+6
Consensus still bullish but split: Most Wall Street firms still rate GEV “Buy” or “Moderate Buy”, with average 12‑month price targets clustering in the mid‑$600s to low‑$700s and a Street‑high target of $1,000, even as some valuation‑focused research argues the stock has gotten ahead of itself.
Seeking Alpha
+5
StockAnalysis
+5
MarketBeat
+5
How GE Vernova traded on December 11, 2025
After two days of almost euphoric gains, GE Vernova finally exhaled on Thursday.
Close: About $704.3 per share, down from $723 the day before.
Day’s range: Roughly $681.6 to $710.9.
Daily move: About ‑2.6%, giving back a slice of Wednesday’s +15.6% surge.
Investing.com
+2
Finviz
+2
Even after the pullback, GE Vernova is still up around 120% year‑to‑date, making it one of 2025’s standout winners in the S&P 500.
Barron’s
+1
Wednesday’s spike was triggered when the company:
Reaffirmed its 2025 revenue guidance of $36–37 billion,
Raised 2025 free cash flow guidance to $3.5–4.0 billion,
Introduced 2026 guidance (revenue $41–42 billion, FCF $4.5–5.0 billion), and
Lifted its 2028 outlook to $52 billion of revenue with a 20% adjusted EBITDA margin, up from prior goals of $45 billion and 14%.
FinancialContent
+3
GE Vernova
+3
Reuters
+3
At the same time, GE Vernova doubled its quarterly dividend and increased its share‑repurchase authorization to $10 billion, a message that resonated powerfully with income and growth investors alike.
Reuters
+2
GE Vernova
+2
Why the rally paused: Seaport downgrade and valuation jitters
The headline after the bell on December 11 wasn’t about guidance or new contracts – it was about a downgrade.
Seaport Global moves to the sidelines
Tom Curran at Seaport Global downgraded GE Vernova from Buy to Neutral/Hold on December 11, without setting a new price target.
Benzinga
+3
GuruFocus
+3
TipRanks
+3
Curran acknowledged the strong multi‑year outlook and boosted returns, but argued that after the stock’s rapid move, risk and reward look “more balanced” at current levels.
Barron’s
+1
A note on Investing.com summarised the downgrade as follows:
GE Vernova’s 2028 targets for its Power and Electrification segments were raised significantly at the investor event,
But a roughly 120% year‑to‑date gain and a P/E ratio north of 110x left the shares trading at “premium pricing.”
Investing.com
+1
Market reaction on Thursday
Barron’s reported that shares were down around 2.9% to roughly $702 on Thursday morning, even after the downgrade, and highlighted that 71% of analysts still rate the stock a Buy, with the average price target rising to about $731 after the investor day.
Barron’s
An AI‑driven news summary from AInvest noted a midday pullback of more than 4%, framing the move as a mix of nuclear‑energy policy concerns and debate over data‑center power demand, although the stock later trimmed losses into the close.
AInvest
+1
Put simply: Thursday looked more like profit‑taking than panic, with valuation‑sensitive investors using the downgrade as a reason to lock in some of this year’s sizeable gains.
Fresh corporate news on December 11: Nuclear, wind and grid wins
While the stock was digesting its huge run, GE Vernova kept adding to its backlog and strategic footprint. Several notable updates hit the tape on December 11:
- BWRX‑300 nuclear SMR clears a key UK hurdle
GE Vernova Hitachi Nuclear Energy’s BWRX‑300 small modular reactor reached an important milestone:
The design completed Step 2 of the UK Generic Design Assessment (GDA), a multi‑step process used by UK regulators to vet new reactor designs for safety, security and environmental standards.
GE Vernova
+1
This strengthens GE Vernova’s nuclear pipeline, a key pillar of the company’s strategy to provide round‑the‑clock, low‑carbon power for grids increasingly strained by data centers and electrification.
- New wind project in Romania
In Europe, GE Vernova inked a new onshore wind deal in Romania:
The company agreed to supply, install and commission 14 of its 6.1 MW‑158m turbines for a wind farm in Vaslui County.
The 85 MW project builds on a prior agreement to supply 23 turbines, and will expand GE Vernova’s Romanian onshore wind base, already over 800 MW.
POWER Magazine
+1
The deal underscores the strength of GE Vernova’s onshore wind franchise, even as management continues working to improve profitability in that segment.
- BalWin5: Major North Sea HVDC grid contract
GE Vernova and Singapore‑based Seatrium announced they have been awarded a major contract by European grid operator TenneT:
The consortium will deliver a large portion of BalWin5, a 2.2‑gigawatt offshore high‑voltage direct current (HVDC) grid connection that will move electricity from German North Sea wind farms to the onshore German grid.
GE Vernova
+2
SGX Links
+2
This project reinforces GE Vernova’s position in HVDC grid solutions, a crucial technology for connecting offshore wind and stabilising renewable‑heavy grids.
- Gas turbine backlog stretching to 2029
A Utility Dive article on December 11 highlighted just how tight GE Vernova’s gas‑turbine capacity has become:
The company expects to finish 2025 with an 80‑GW gas‑turbine backlog that stretches into 2029, and CEO Scott Strazik suggested reservations could sell out through 2030 by the end of 2026.
Utility Dive
This supports management’s message that GE Vernova is a critical beneficiary of surging electricity demand from AI data centers, crypto mining and electrification more broadly.
Investopedia
+1
- Yttrium supply security with U.S. government
Reuters reported that GE Vernova is working with the U.S. government to bolster stockpiles of the rare earth element yttrium, used in turbine and other high‑tech applications:
The company has enough yttrium to last through the rest of 2025 and into 2026, and is investing in alternatives in case supply disruptions worsen under Chinese export controls.
Reuters
This is a reminder that supply‑chain resilience remains a key risk – and strategic priority – for the business.
- Credit rating upgrade to ‘BBB’ with positive outlook
S&P Global Ratings upgraded GE Vernova to ‘BBB’ on December 11:
The rating agency cited improved profitability and a stronger market position, and assigned a positive outlook.
S&P Global
+1
A higher rating and positive outlook support GE Vernova’s ability to fund its growth pipeline at attractive rates, even while returning cash to shareholders via dividends and buybacks.
Investor Day recap: The growth story behind the spike
Most of the December 11 action still traces back to what GE Vernova said on December 9 at its 2025 Investor Update in New York.
According to the company’s press release and investor materials:
GE Vernova
+2
Reuters
+2
2025 guidance reaffirmed and nudged higher:
Revenue: $36–37 billion, trending towards the high end.
Adjusted EBITDA margin: 8–9%.
Free cash flow: $3.5–4.0 billion, raised from $3.0–3.5 billion.
2026 guidance introduced:
Revenue: $41–42 billion (about 11% growth).
Adjusted EBITDA margin: 11–13%.
Free cash flow: $4.5–5.0 billion.
2028 outlook raised:
Revenue: $52 billion, implying low‑double‑digit organic growth from 2025.
Adjusted EBITDA margin: 20%, up from a prior target of 14%.
Backlog: targeted to grow from $135 billion to roughly $200 billion by 2028.
Nasdaq
+1
A detailed independent deep‑dive also highlighted plans for $22 billion in cumulative free cash flow from 2025–2028, and noted that GE Vernova is effectively debt‑free, with about $7.9 billion in cash as of September 30, 2025.
FinancialContent
That is the growth engine investors are trying to price: a business spun out of GE in April 2024, now targeting high‑single‑digit to low‑double‑digit revenue growth with margin expansion and large, visible free cash flow.
FinancialContent
What the latest forecasts and analyst calls say
Street ratings and targets
Different data providers show slightly different numbers, but the message is consistent:
Consensus rating: Around “Buy” or “Moderate Buy”. StockAnalysis reports an average rating of “Buy,” with 9 Strong Buys, 9 Buys, and 7 Holds among 26 analysts.
StockAnalysis
+1
Average price targets:
One major compilation shows an average target around $667, with a range from about $380 to $855.
StockAnalysis
Barron’s notes the average target has risen to roughly $731 after the investor event.
Barron’s
MarketBeat’s institutional‑flow coverage cites a consensus target near $655.
MarketBeat
+1
In other words, most targets now sit not far from where the stock trades, with some upside according to bulls and limited upside according to more cautious analysts.
Notable recent calls
Recent research on and around December 10–11 includes:
Oppenheimer: Upgraded GEV from Hold to Buy, with a new $855 target, implying low‑double‑digit upside from current levels.
StockAnalysis
UBS: Maintained a Strong Buy rating while raising its target from $760 to $835, citing strengthened free‑cash‑flow outlook and power/electrification momentum.
StockAnalysis
+1
Susquehanna & BMO: Both lifted targets into the mid‑ to high‑$700s while reiterating Buy ratings.
StockAnalysis
J.P. Morgan: According to TipRanks, analyst Mark Strouse reiterated a Buy and hiked his price target to $1,000 from $740, calling the stock one of the best positioned names in “all things power” in the age of AI.
TipRanks
Zacks: After the big move, Zacks maintained a Rank #3 (Hold), projecting Q4 EPS of $3.05 (+76% year‑over‑year) on $10.06 billion in revenue (‑4.7% vs. last year) and warning that earnings‑estimate revisions will be key to whether the rally can continue.
Nasdaq
Seaport Global: The outlier on December 11, moving to Neutral on valuation grounds despite the improved long‑term story.
GuruFocus
+2
Barron’s
+2
Valuation: “Tech stock” multiples for an industrial
Several analyses published on December 11 explicitly frame GE Vernova as an industrial stock trading at tech‑style valuation multiples:
Trailing P/E: Roughly 110–115x based on a ~$704 share price and trailing EPS a bit above $6.
FinanceCharts
+2
Yahoo Finance
+2
Forward P/E: Roughly 50–65x 2026 earnings, depending on the estimate set.
StockAnalysis
+2
Seeking Alpha
+2
Price‑to‑sales: Around 5x trailing sales, versus lower multiples for many traditional industrial peers.
CompaniesMarketCap
+1
A fresh Seeking Alpha article titled “GE Vernova: A Deserved Tech Stock Valuation” argues that a high P/E can be justified by projected 30%+ earnings growth through 2028, but even that analysis acknowledges P/E and cash‑flow multiples above 50x in 2026, easing only slightly in 2027.
Seeking Alpha
+1
Meanwhile, Simply Wall St and other valuation‑focused platforms ask, in essence, whether it’s “too late to consider GE Vernova after an 80%+ rally”, highlighting that much of the 2028 story may already be reflected in the share price.
Simply Wall St
+1
Macro backdrop: Fed cuts, AI power demand and the “energy of change”
The broader environment is also supportive – and part of why investors have been willing to pay up.
On December 10, the U.S. Federal Reserve cut its policy rate by 0.25 percentage points to a 3.5–3.75% range, its third cut of 2025, and signaled it may now pause. U.S. stocks surged, with the S&P 500 nearly hitting a record close.
Investopedia
GE Vernova was one of the day’s standout winners, closing up about 15% after lifting its outlook, increasing its buyback and doubling its dividend.
Investopedia
+2
Investors
+2
GE Vernova’s story is deeply tied to two long‑duration themes:
Electrification & AI/data‑center demand
Management and several analysts highlight that AI data centers and digital infrastructure are driving a surge in electricity demand, supporting orders in gas turbines, grid equipment and renewables.
Reuters
+2
FinancialContent
+2
Decarbonization & energy security
From onshore wind in Romania to offshore HVDC in the North Sea and small modular reactors in the UK, GE Vernova is positioning itself as a full‑spectrum supplier of low‑carbon and grid‑stability solutions.
GE Vernova
+3
POWER Magazine
+3
GE Vernova
+3
That combination — growth plus perceived resilience — is a big reason why the market has been willing to assign “growth stock” multiples to a legacy industrial name.
Technical and trading context before the December 12 open
Purely from a market‑structure standpoint, a few levels and dynamics may matter at Friday’s open (for information only, not trading advice):
Support & resistance: One options‑focused technical report highlighted support around $679 (recent short‑term low) and $621 (prior close), with resistance near the recent intraday high around $731.
Historical Option Data
+1
Psychological level at $700: Thursday’s close just above $700 makes that a natural battleground between short‑term profit‑takers and investors who see dips as entry points.
Volume: Wednesday’s 11.4 million‑share surge, followed by still‑elevated Thursday volume around 4.7 million shares, suggests active institutional trading, not just retail enthusiasm.
Investing.com
+1
Short interest: Various data providers show a modest short interest (low‑single‑digit percentage of float), meaning GE Vernova is not primarily a short‑squeeze story at this stage.
Seeking Alpha
+1
Near term, any additional analyst notes, macro headlines or follow‑through buying/selling from funds who added or trimmed positions in Q2 could add volatility after the open. MarketBeat’s 13F tracking notes both profit‑taking (Slate Path Capital cutting its stake by about 35%) and significant accumulation by SEI Investments and Norges Bank in earlier quarters.
MarketBeat
+1
What to watch on December 12, 2025
For traders and long‑term investors scanning GE Vernova before the bell, here are some high‑level focal points based on the latest December 11 news and analysis:
Can the stock hold above $700?
Holding that line would suggest that profit‑taking has been absorbed and that investors are comfortable paying tech‑style multiples for GE Vernova’s growth story.
Follow‑through on the downgrade vs. bullish research
Watch whether Thursday’s Seaport downgrade sparks further target cuts or whether bullish houses like Oppenheimer, UBS and J.P. Morgan continue to dominate the narrative. A shift in recommendation trends could matter as much as headline price targets.
Barron’s
+3
StockAnalysis
+3
TipRanks
+3
Re‑pricing of valuation as new notes publish
With several platforms highlighting a trail P/E above 100x and forward P/E above 50x, any hint that growth could undershoot the newly raised 2026–2028 targets might hit the stock harder than for a more cheaply‑valued industrial.
GE Vernova
+3
FinanceCharts
+3
StockAnalysis
+3
Reaction to nuclear and grid announcements
The UK SMR milestone, BalWin5 HVDC contract and Romania wind deal all strengthen the long‑term backlog and decarbonization narrative. Watch whether the market rewards these steady, infrastructure‑heavy wins or focuses more on shorter‑term valuation concerns.
GE Vernova
+5
GE Vernova
+5
GE Vernova
+5
Macro risk – Fed, rates and broader risk sentiment
After the Fed’s December 10 cut, markets are still debating how many more rate cuts are coming in 2026. If risk sentiment sours on Friday, high‑multiple names like GEV often move more than the index.
Investopedia
+1
Catalyst calendar
Looking beyond Friday, the next major known data point is GE Vernova’s earnings report scheduled for January 21, 2026, along with a new higher dividend (ex‑dividend date currently around January 5, 2026).
Yahoo Finance
+2
MarketBeat
+2
Big picture: A powerful long‑term story with a shorter‑term tug‑of‑war
All of the December 11 news – new projects, regulatory wins, backlog visibility, a rating upgrade and even the Seaport downgrade – points to the same underlying reality:
Fundamentally, GE Vernova is emerging as one of the core global platforms for the energy transition, with a very large, long‑dated backlog and aggressive margin and cash‑flow targets through 2028.
FinancialContent
+1
Financially, the company is committing to return at least one‑third of cash generation to shareholders via a higher dividend and an enlarged buyback, while still planning $9 billion of cumulative capex and R&D to cement its position in grids, wind and nuclear.
GE Vernova
+1
In the market, the stock has already enjoyed an enormous run, leaving investors debating whether today’s price fully reflects that 2028 vision, or whether GE Vernova can still grow into its valuation.
Seeking Alpha
+2
Simply Wall St
+2
How that tug‑of‑war resolves around the December 12 open will likely depend less on any new “shock” headline and more on how investors weigh growth vs. valuation in an environment of slower but still supportive interest‑rate cuts.
Important note
This article is for information and news purposes only and does not constitute financial, investment or trading advice. It does not take into account your individual objectives, financial situation or needs. Always do your own research or consult a licensed financial professional before making investment decisions.
