GE Vernova (GEV) Stock After Hours on Dec. 12, 2025: Why Shares Slid After the Investor-Day Spike

(SEO): GE Vernova (NYSE: GEV) fell Friday and eased after hours. Here’s the latest price action, the key Dec. 12 news, analyst calls, and what matters next.

GE Vernova Inc. (NYSE: GEV) ended Friday, December 12, 2025, under pressure after an explosive midweek run-up. Shares closed at $671.71, down 4.61% on the day after trading between $698.94 and $656.37. ^[1]

In after-hours trading as of 5:00 PM ET, GEV was quoted at $670.60, down 0.17% from the regular-session close, with an after-hours range of $670.00–$673.24. ^[2]

The move caps a volatile week for the power-and-grid equipment maker—one that has been dominated by (1) the company’s raised multi-year targets and bigger shareholder returns, and (2) a fast shift in Wall Street tone from “upgrade momentum” to “valuation discipline.”

GEV’s Friday drop in context: the rally cooled, but the story didn’t disappear

To understand Friday’s “after-the-bell” setup, it helps to zoom out just three sessions:

Dec. 10: GEV closed at $723.00 after a sharp surge. ^[3]
Dec. 11: shares pulled back to $704.20 (down 2.60%). ^[4]
Dec. 12: the slide extended to $671.71 (down 4.61%). ^[5]

From Wednesday’s close ($723.00) to Friday’s close ($671.71), the stock gave back about 7.09%—a classic “digest the news” pullback after a fast repricing. ^[6]

Yet despite the two-day drop, GEV was still up about 7.42% from Dec. 9’s close ($625.30), underscoring how much of the investor-day optimism remains embedded in the tape. ^[7]

Why GE Vernova fell: downgrade pressure meets “fair value” math

A major near-term driver has been a shift in analyst posture after the rally pushed GEV toward record territory.

A Reuters item carried by TradingView noted that Seaport Research Partners downgraded GE Vernova to “neutral” from “buy,” arguing the stock looked fairly valued after the midweek sprint and reframing the story around 2026–2028 execution. ^[8]

Barron’s framed a similar idea: after what it called an “epic run,” at least one analyst stepped back because the risk/reward looked more balanced once the stock surged—despite the company’s upgraded long-term financial ambitions. ^[9]

Translation for investors: Friday’s weakness wasn’t driven by a single negative operational headline. It looked more like a tug-of-war between (a) big new targets and capital returns, and (b) how much of that future is already priced in.

The core bullish catalyst: GE Vernova raised targets, boosted buybacks, and doubled the dividend

The rally earlier this week was catalyzed by GE Vernova’s Investor Update (Dec. 9), where it raised its multi-year outlook and sweetened shareholder returns.

From the company’s investor-update press release, the headline upgrades included:

2028 outlook:$52B revenue and 20% adjusted EBITDA margin, up from prior targets of $45B and 14% ^[10]
2025 free cash flow guidance raised to $3.5B–$4.0B ^[11]
2026 guidance: revenue $41B–$42B, adjusted EBITDA margin 11%–13%, free cash flow $4.5B–$5.0B ^[12]
Cumulative free cash flow: at least $22B from 2025–2028, up from at least $14B previously ^[13]
Share repurchase authorization: increased to $10B from $6B ^[14]
Dividend: declared $0.50 per share quarterly dividend (doubling from $0.25), payable Feb. 2, 2026 to shareholders of record Jan. 5, 2026 ^[15]

Reuters also highlighted the same package—specifically calling out the $4B buyback increase (to $10B) and the dividend doubling, while noting the market’s initial reaction was sharply positive in extended trading at the time. ^[16]

What matters now: the market has already “voted” that the new targets are credible enough to re-rate the stock—then promptly started debating how far that re-rating should go.

The demand engine behind the numbers: AI data centers + gas turbines + grid equipment

GE Vernova’s bull case in late 2025 has increasingly centered on power demand growth—especially from AI-linked data centers—and the resulting demand for turbines and electrification equipment.

Reuters reported the company expects 80 gigawatts of signed combined-cycle gas turbine contracts by year-end, tied to rising electricity demand from Big Tech data centers. ^[17]

Notably, Reuters added two details that investors have been treating like “moat signals”:

GE Vernova has sold out of gas turbines through 2028 and has less than 10% of 2029 capacity left to sell. ^[18]
Data centers are expected to account for about a third of the company’s U.S. gas-power transactions going forward (per CEO commentary reported by Reuters). ^[19]

Utility Dive echoed the same theme, reporting GE Vernova had booked 18 GW of turbine orders so far in Q4 and expected to end 2025 with an 80-GW backlog stretching into 2029, alongside strong pricing. ^[20]

Why this matters for Monday’s setup (and beyond): the stock’s valuation debate is ultimately a debate about whether this demand cycle is (1) a multi-year buildout with durable margins, or (2) an over-extrapolated surge vulnerable to permitting, pipeline constraints, and capex sentiment shifts.

Fresh Europe-facing news: grid connection win + Romania wind turbines

Even as the stock cooled, GE Vernova’s news flow into Dec. 12 remained active—especially in Europe.

1) TenneT’s BalWin5 (2.2 GW) HVDC grid connection

GE Vernova and Seatrium announced they were awarded a contract by TenneT for BalWin5, described as a 2.2-gigawatt offshore HVDC grid connection designed to bring German North Sea wind power to the onshore transmission network. ^[21]

Key details from the company release include:

Expected to power ~2.75 million households once operational ^[22]
GE Vernova to deliver HVDC technology and onshore/offshore converter stations ^[23]
Works scheduled to commence Jan. 1, 2026; commissioning planned for 2032 ^[24]

For investors, this is part of the broader narrative that grid modernization and high-voltage transmission is becoming a long-cycle growth engine, not a one-quarter story.

2) Romania: PPC Renewables agreement for 14 onshore turbines (85 MW)

GE Vernova also announced an agreement with PPC Renewables to supply, install, and commission 14 of its 6.1 MW–158m turbines for a wind farm in Vaslui county, Romania, adding 85 MW and supporting an installed base of 800+ MW in the country. ^[25]

The company said the project is expected to power the equivalent of ~38,000 households when completed. ^[26]

Market takeaway: while the stock’s biggest driver this week was gas power and electrification economics, the steady drumbeat of project wins reinforces GE Vernova’s positioning across the broader power ecosystem.

A new risk investors are watching: rare-earth yttrium supply constraints

One of the more underappreciated (but potentially material) stories in the week’s coverage is supply chain risk tied to rare earths.

Reuters reported GE Vernova is working with the U.S. government to increase its stockpiles of yttrium, after China’s export controls created shortages across industries including energy, aerospace, and semiconductors. ^[27]

Reuters also reported:

GE Vernova has enough yttrium inventory to last through the rest of 2025 and into next year (per CEO commentary), though without specifying how far into 2026 ^[28]
Prices for yttrium outside China rose 4,400% between January and November (per Reuters), underscoring the severity of the dislocation ^[29]

Why it matters for GEV: when a stock trades on “visibility” (backlog, slot reservations, long-cycle capex), any input constraint that could threaten delivery schedules or margins becomes a headline risk—especially during periods of valuation sensitivity.

Analyst forecasts and “where Wall Street stands” into the weekend

Analyst views are notably split—but the split is less about demand and more about valuation vs. runway.

Bullish/positive angle: upgrades and higher targets

Yahoo Finance reported that RBC Capital upgraded GE Vernova to Outperform from Sector Perform and raised its price target to $761. ^[30]

Neutral angle: “it’s good, but is it too expensive?”

Seaport’s downgrade (covered by Reuters/TradingView) framed the stock as fairly valued after the rally, with focus shifting to whether GE Vernova can execute on its 2026–2028 trajectory. ^[31]

Barron’s similarly emphasized that the downgrade came after the stock’s surge and that valuation had become the center of gravity—even though longer-term guidance and shareholder returns were drawing plenty of bullish attention. ^[32]

Bearish valuation call: a sharp downside scenario

Trefis published a notably bearish valuation take on Dec. 12, arguing the stock’s valuation looked stretched and floating a downside scenario of $492. ^[33]

What to do with these mixed forecasts: taken together, the analyst landscape suggests the “easy part” (re-rating on upgraded targets) may be behind the stock for now, and the next leg likely depends on (a) order momentum confirmation, (b) margin/FCF delivery, and (c) whether AI/data-center power demand stays on a steep trajectory.

What to know before the “open” on Dec. 13, 2025 (and the next real session)

One important calendar note: Dec. 13, 2025 is a Saturday, so U.S. exchanges (including NYSE, where GEV trades) are closed for regular trading.

That said, heading into the weekend—and into the next regular session—here are the most practical items to track:

1) After-hours tone and liquidity

GEV was $670.60 at 5:00 PM ET, only slightly below the close, suggesting no major incremental shock immediately after the bell. ^[34]
But after-hours trading can be thin—so larger moves later in the evening can sometimes reflect liquidity more than fundamentals.

2) The “two questions” driving Monday’s debate

Can GE Vernova keep converting AI-era power demand into high-margin backlog and services? Reuters reported turbine capacity is largely sold out through 2028, a bullish signal if execution stays tight. ^[35]
Is the stock priced for perfection? The Seaport downgrade theme—“fair value after the sprint”—is likely to remain a headline filter for new analyst notes. ^[36]

3) Watch levels investors will reference (based on Friday’s tape)

Without using charts, Friday still provides simple “reference points” traders tend to watch:

Intraday low: $656.37 (near-term downside reference) ^[37]
Intraday high: $698.94 (near-term upside reference) ^[38]
Round-number zone: the $700 area, psychologically important after this week’s volatility

4) Fundamental catalysts that can re-ignite (or pressure) the stock

Any follow-on detail around the $10B buyback and $0.50 quarterly dividend timing ^[39]
Additional disclosures or commentary on turbine orders/backlog strength (the bull narrative) ^[40]
Any new developments on yttrium sourcing/alternatives, which Reuters framed as a real supply-chain stress point ^[41]
Execution milestones on large grid wins like BalWin5 (long-cycle but confidence-building) ^[42]

Bottom line: Friday’s selloff looks like “valuation digestion,” not a broken thesis

GE Vernova’s Friday decline and mild after-hours dip look consistent with a market that rapidly repriced the stock on upgraded targets—and then immediately demanded a higher bar for incremental upside.

Going into the weekend, the stock remains a live battleground between:

Bulls: long-cycle power demand + backlog visibility + higher cash returns ^[43]
Skeptics: fair-value discipline after a big run + supply-chain risk + execution expectations ^[44]

References

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Intel Stock (INTC) After the Bell on Dec. 12, 2025: After-Hours Price, Key News Catalysts, Analyst Forecasts, and What to Know Before the Next Market Open

SanDisk (SNDK) Stock After Hours (Dec. 12, 2025): Why Shares Sank After the Bell—and What to Watch Before the Next Market Open

GE Vernova (GEV) Stock After Hours on Dec. 12, 2025: Why Shares Slid After the Investor-Day Spike—and What to Watch Next