GE Vernova Inc. (NYSE: GEV) capped a volatile two-day stretch with a strong rebound on Thursday, Dec. 18, 2025—then held steady in extended trading as investors digested a burst of analyst activity and a credit-rating upgrade. After a sharp selloff on Wednesday tied to renewed “AI power demand” anxiety, GEV shares regained ground into the close and were little changed after the bell, setting up a potentially headline-sensitive session when markets reopen on Friday, Dec. 19. [1]
Below is what moved GE Vernova stock today, the most important forecasts and analyses published on Dec. 18, and the key items to watch before the opening bell tomorrow.
GE Vernova stock price today: the close, the range, and after-hours trading
GEV closed Thursday at $639.43, up $25.24 (+4.11%) after a dramatic reversal from Wednesday’s slide. Trading was active, with about 4.4 million shares changing hands, above its recent average volume cited by market trackers. [2]
The day told a story of early optimism followed by late-day cooling:
- Gap-up open: Shares opened at $649.30 after closing Wednesday at $614.19, indicating buyers stepped in quickly at the open. [3]
- Intraday range: GEV traded roughly between $636.53 and $658.69 before settling near the lower end of the session’s band. [4]
- After-hours: In extended trading, GEV was modestly higher—around $640.74 (+0.20%) at about 5:13 p.m. ET, suggesting there was no major new catalyst immediately after the close. [5]
GEV remains a high-volatility name. Some market summaries put its beta around 1.7, meaning it tends to swing more than the broader market. [6]
Why GE Vernova rebounded today: upgrades, credit news, and “AI power demand” nerves easing
Thursday’s move was less about a single corporate announcement and more about sentiment snapping back after Wednesday’s drawdown.
1) The AI trade stabilized after a “power-demand scare” hit energy-exposed names
Barron’s attributed Wednesday’s selloff in GE Vernova to investor fears that more energy‑efficient AI chips could reduce future electricity demand, cooling enthusiasm for grid and generation beneficiaries. By Thursday, that fear appeared to ease, with GEV recovering about 4.1% after dropping roughly 10.5% the prior session. [7]
The trigger for the fear narrative: AI chip startup Mythic announced a $125 million raise and promoted claims of dramatically improved energy efficiency, feeding the market’s sensitivity around whether AI growth means “more power demand” or “more efficiency.” [8]
2) Multiple bullish analyst notes hit the tape—especially Jefferies and Baird
Two of the most-circulated calls today were:
- Jefferies upgraded GE Vernova to Buy and raised its price target to $815 from $736. The firm argued the post–investor-day pullback created an attractive entry point and emphasized visibility in gas power and electrification, plus a more durable services-driven earnings profile. [9]
- Baird raised its price target to $816 from $706 and reiterated an Outperform view, updating its model after GE Vernova’s investor update materials. [10]
Those targets imply meaningful upside from Wednesday’s close and helped reset the tone after the prior day’s drop. [11]
3) A fresh credit-rating upgrade reinforced the “fundamentals improving” message
Fitch-related news also landed on Dec. 18: Fitch upgraded GE Vernova’s Long-Term Issuer Default Rating and senior unsecured debt rating to BBB+ from BBB, with a Positive outlook, citing operational execution and improving profitability and cash generation expectations. [12]
Credit upgrades don’t always move stocks instantly, but for capital-intensive industrial companies they can matter—especially when investor focus is on backlog conversion, free cash flow, and funding costs.
Today’s analyst forecasts: why Wall Street sees services as the anchor
A consistent theme in today’s bullish commentary: GE Vernova’s long-term services revenue—particularly tied to its large installed base in gas power—may be underappreciated versus the market’s fixation on AI-driven electricity demand.
Jefferies: long-dated service contracts and margin potential
Jefferies’ analyst note highlighted contracted gas service agreements extending well into the 2030s and argued the market had overlooked the resilience of contracted services during the recent pullback. Jefferies also pointed to gas turbine pricing and suggested that margins on newer service contracts could trend toward very high levels over time, supporting longer-dated EBITDA growth. [13]
Baird: model update after GE Vernova’s investor update
Baird’s target raise to $816 was framed as a model refresh following the company’s investor update, keeping an Outperform rating. [14]
Consensus snapshots: still broadly positive, but targets vary
Some market tracking services still show a “moderate buy” style consensus and wide dispersion in targets (including notably bearish outliers), underscoring how polarized valuation views can be after a big run. [15]
Fitch upgrades GE Vernova to BBB+: what the rating action said (and why it matters)
In coverage summarizing the Fitch action, the key points investors are discussing tonight include:
- Upgrade to BBB+ with Positive outlook, reflecting improved execution and expectations for stronger margins and free cash flow. [16]
- Fitch noted GE Vernova’s pending $5.275 billion acquisition of the remaining stake in Prolec GE (partly debt-funded) but still described leverage as staying relatively low (around ~1x, per the summary). [17]
- Fitch expects EBITDA margins to rise to the low-to-mid teens over the next three years, versus about 4.7% in 2024, citing operating improvements and the expected completion of loss-making offshore wind projects, alongside demand in power and electrification. [18]
- The note also referenced GE Vernova’s shareholder return plans (dividend changes and buybacks) and argued free cash flow could support those while still funding investment. [19]
For equity investors, the practical read-through is that an investment-grade credit profile with a positive outlook can support flexibility—especially when the company is ramping capacity and investing through long-cycle demand.
The fundamentals backdrop: what GE Vernova told investors recently (driving many of today’s upgrades)
While today’s trading was sparked by day-of headlines, the foundation of many bullish calls traces back to GE Vernova’s December 2025 investor update, where the company raised its multi-year outlook and increased shareholder return commitments. [20]
From GE Vernova’s investor update recap:
- 2025 guidance: revenue of $36–$37B (toward the high end), 8%–9% adjusted EBITDA margin, and $3.5–$4.0B free cash flow (raised from $3.0–$3.5B). [21]
- 2026 guidance: revenue of $41–$42B, 11%–13% adjusted EBITDA margin, and $4.5–$5.0B free cash flow. [22]
- 2028 outlook (updated):$52B revenue, ~20% adjusted EBITDA margin, and $22B+ cumulative free cash flow from 2025–2028 (raised from $14B+). [23]
- Backlog narrative: the company discussed expectations for backlog growth and demand, including electrification backlog expansion and gas turbine contract momentum. [24]
- Capital returns: GE Vernova said its board approved a $0.50/share quarterly dividend payable in Q1 2026 and increased share repurchase authorization to $10B. [25]
This is the strategic narrative bulls are buying: AI and electrification may be demand accelerants, but services and backlog conversion may be the stabilizers that make cash flow more predictable across cycles. [26]
Other GE Vernova headlines today (Dec. 18) investors may see in the news feed
Not all of today’s headlines were market-moving for NYSE: GEV, but they add color to the broader corporate backdrop:
- India grid project: GE Vernova T&D India reported receiving a Letter of Award from Power Grid Corporation of India for refurbishment of a 2×500 MW HVDC link, including upgrades to valves and controls, to be executed over multiple years. [27]
- Schenectady landmark sign refurbishment: A local report said the historic GE monogram sign in Schenectady will remain white or at times unlit while GE Vernova modernizes it ahead of its 100th anniversary, temporarily pausing the holiday color program. [28]
What to watch before the market opens Friday, Dec. 19, 2025
Tonight’s setup is straightforward: GEV has rebounded, after-hours trading is calm, and the market will decide tomorrow whether today’s move was a durable reversal or just a bounce in a high-multiple, high-beta stock.
Here are the key items to watch:
1) Extended-hours and premarket liquidity: does the Fitch/analyst news keep traction?
After-hours trading can be thin, but the early read (slightly higher in extended trading) suggests no new negative surprise hit the tape immediately after the close. [29]
Watch whether premarket bids build on that, especially if additional firms publish “me too” target raises.
2) Options-expiration dynamics: tomorrow is the third Friday of December
Friday, Dec. 19 is the third Friday of December—commonly associated with “quadruple witching,” when multiple major derivatives contracts expire, a setup that can increase trading volume and volatility (particularly late in the session). [30]
For a fast-moving stock like GEV, that matters because options positioning can sometimes amplify intraday swings around popular strike prices.
3) The “AI power demand vs. efficiency” narrative is still in play
The Mythic fundraising story is now widely circulated, and regardless of whether it changes real-world grid demand, it has clearly become a sentiment lever the market can pull on short notice. [31]
Investors should watch:
- Follow-on headlines about AI hardware efficiency,
- Moves in AI bellwethers and data-center exposure names,
- Any commentary that reframes efficiency as either a threat (lower demand) or a catalyst (more AI adoption, different demand mix).
4) Price levels many traders will reference
Based on today’s tape and widely published ranges:
- Near-term resistance: around $658–$659 (today’s high zone). [32]
- Near-term support: around $636–$637 (today’s low zone). [33]
- Bigger “line in the sand”: Wednesday’s close near $614, the level from which today’s rebound launched. [34]
- Longer-term reference points: the stock’s 52-week high around $731 and 52-week low around $252, illustrating just how dramatic the 12‑month move has been. [35]
5) Broader market tone: stocks rose today on softer inflation data
The overall market backdrop was risk-on Thursday, with major indexes higher after a softer inflation read—helpful context if GEV continues to trade as a high-beta “AI electrification” proxy. [36]
Bottom line for GEV stock heading into Friday
GE Vernova stock ended Dec. 18 with a clear message: buyers are still willing to defend the long-term electrification and power-demand thesis, especially when supported by fresh Wall Street upgrades and a credit-rating improvement. [37]
But the intraday fade from the gap-up open also signals a market that remains sensitive to valuation and narrative risk—particularly as AI-related headlines can swing the perception of future power demand quickly. [38]
References
1. www.marketscreener.com, 2. www.fool.com, 3. www.marketbeat.com, 4. www.fool.com, 5. www.marketscreener.com, 6. www.marketbeat.com, 7. www.barrons.com, 8. mythic.ai, 9. www.investing.com, 10. www.tipranks.com, 11. www.investing.com, 12. www.investing.com, 13. www.investing.com, 14. www.tipranks.com, 15. www.marketbeat.com, 16. www.investing.com, 17. www.investing.com, 18. www.investing.com, 19. www.investing.com, 20. www.gevernova.com, 21. www.gevernova.com, 22. www.gevernova.com, 23. www.gevernova.com, 24. www.gevernova.com, 25. www.gevernova.com, 26. www.gevernova.com, 27. www.business-standard.com, 28. www.timesunion.com, 29. www.marketscreener.com, 30. www.investopedia.com, 31. www.barrons.com, 32. www.fool.com, 33. www.fool.com, 34. www.marketbeat.com, 35. www.fool.com, 36. www.reuters.com, 37. www.investing.com, 38. www.marketbeat.com
