GE Vernova Inc. (NYSE: GEV) heads into the final stretch of 2025 trading just under $600 a share after another strong week, fresh institutional buying, and growing attention as a key way to play the “AI power” and nuclear-energy build‑out. As of the close on Friday, November 28, GEV finished at $599.77, up 1.7% on the day, leaving the stock roughly 12% below its 52‑week high of $677.29 and well above its 52‑week low of $252.25. [1]
At the same time, a flurry of SEC 13F filings published today shows a wave of new positions and position increases from asset managers, even as a handful of investors lock in profits after a year in which GE Vernova shares have surged roughly 75–80%. [2]
Add in the company’s first onshore wind repowering deal outside the U.S. in Taiwan, a recently declared cash dividend, and ongoing media and analyst coverage around AI‑driven electricity demand and nuclear power, and GEV has become one of the most closely watched energy‑transition stocks heading into 2026. [3]
GE Vernova stock today: price, performance and valuation
Friday’s shortened Black Friday session saw GE Vernova close at $599.77, up $10.05 (+1.70%), on volume of just over 1.0 million shares, below its 50‑day average near 3.0 million. [4]
Key trading and valuation metrics now look like this:
- Last close: $599.77
- 52‑week range: $252.25 – $677.29 [5]
- Market capitalization: roughly $162 billion [6]
- Trailing P/E: about 96–97x earnings [7]
- YTD performance: around +80% in 2025 [8]
- Dividend: $0.25 per quarter ($1.00 annualized), implying a yield of ~0.17–0.2% at current prices [9]
Data from Yahoo Finance, Finviz, and investing platforms also show a 52‑week change near +76.5% and a 50‑day moving average around $592, underlining how extended the stock already is versus its spin‑off levels in early 2024. [10]
In other words: GE Vernova now trades at a premium multiple on strong growth expectations, not on a deep‑value story.
Big money’s latest moves: fresh buyers versus profit‑takers
Much of today’s news flow on GE Vernova centers on institutional money shuffling positions following the company’s Q3 earnings and Prolec acquisition announcement.
Among the notable 13F filings highlighted on November 29:
- Scotia Capital Inc.
- Boosted its stake by 21.1% in Q2, buying an additional 2,775 shares.
- Now holds 15,939 GEV shares valued at roughly $8.43 million. [11]
- Schroder Investment Management Group
- Increased its holding by 47.4%, adding 310,468 shares in Q2.
- Owns 965,082 shares, about 0.35% of the company, valued at approximately $510.7 million. [12]
- New York State Common Retirement Fund
- Trimmed its position by 1.8%, selling 6,559 shares.
- Still controls 349,588 shares, about 0.13% of GE Vernova, worth nearly $185 million.
- Filings also highlight that Vanguard, Geode, Goldman Sachs, UBS, and Norges Bank have all boosted or initiated large positions, with Norway’s sovereign wealth fund’s stake estimated at about $1.81 billion. [13]
- New smaller positions
- XTX Topco Ltd
- Went the other way, cutting its stake by 75.2%, selling 8,052 shares and leaving 2,649 shares worth about $1.4 million. [17]
Taken together, today’s filings point to robust net institutional demand. Several big long‑only and sovereign players are building GE Vernova into a core position, while some hedge funds and quantitative shops are clearly locking in gains after a rapid re‑rating.
That high institutional ownership also means stock moves can become sharp in either direction when sentiment shifts, especially given GEV’s relatively high volatility and still‑developing track record as a stand‑alone company. [18]
Strategic catalyst: Taiwan wind repowering deal extends services footprint
A major piece of the GE Vernova story in late November is its first onshore wind repowering contract outside the United States, signed with Taiwan Power Company (TPC). [19]
According to the company’s Business Wire release, the deal includes: [20]
- 25 repower upgrade kits for existing GE Vernova 1.5 MW‑70.5m turbines in Taiwan.
- A five‑year operations and maintenance (O&M) services agreement.
- Deliveries of components starting in Q4 2025, with retrofit work planned throughout 2026–2027.
The contract builds on GE Vernova’s experience repowering more than 6,000 wind turbines in the U.S., extending turbine life beyond their original design and improving reliability and performance. [21]
Analysts at Simply Wall St, writing in a note published today, frame the Taiwan win as an important milestone in GE Vernova’s international services expansion, even if the project is modest relative to the company’s global backlog. They argue it reinforces the recurring, higher‑margin services revenue narrative, while also highlighting ongoing volatility in large project timing, especially in offshore wind. [22]
For investors, the takeaway is clear:
GE Vernova is pushing to turn its massive installed base — about 57,000 turbines and nearly 120 GW of wind capacity worldwide — into a long‑duration services annuity, not just an equipment sales story. [23]
AI data centers, nuclear power and the “energy for AI” trade
A big part of GEV’s momentum is tied to a broader market theme: AI and data centers are driving a structural surge in electricity demand, and investors are looking for companies poised to benefit on the infrastructure side.
Recent coverage from Barron’s, Zacks, and other outlets clusters GE Vernova among key “AI power” or “nuclear renaissance” plays, often alongside names like Constellation Energy. [24]
Key angles driving that narrative:
- Nuclear: Through GE Hitachi Nuclear Energy, GE Vernova is involved in small modular reactor (SMR) and advanced nuclear projects — frequently cited as potential long‑term solutions for around‑the‑clock, low‑carbon baseload power that can support AI data centers. [25]
- Grid and electrification: The company’s Electrification segment (grid solutions, transformers, power conversion and storage, software) saw orders more than double in Q3, driven by demand for grid equipment in North America, the Middle East and Europe. [26]
- Prolec GE acquisition: In October, GE Vernova agreed to acquire the remaining 50% stake in transformer maker Prolec GE for about $5.28 billion, strengthening its position in North American grid equipment amid surging demand from AI and other power‑hungry applications. [27]
Zacks has also explicitly grouped GE Vernova among “AI nuclear energy stocks” to consider, while Barron’s recently highlighted GEV in a basket of 17 stocks positioned to benefit from a nuclear energy upcycle, driven in part by data‑center load growth. [28]
Media commentary has even picked up on this narrative in more colorful language, with some commentators and TV personalities describing GE Vernova as a kind of “nuke builder” for the AI era — shorthand for a company building and servicing the large‑scale infrastructure that energy‑hungry technologies require. [29]
Earnings and guidance: strong growth, premium price
Behind the stock’s move is a solid fundamental backdrop — albeit with a valuation that already discounts substantial growth.
In its Q3 2025 results released on October 22, GE Vernova reported: [30]
- Revenue: $9.97 billion, up about 11.8% year‑over‑year, and well ahead of analyst estimates near $9.15 billion.
- EPS:$1.64 per share, a swing from a loss a year earlier but about $0.08 below consensus, leading some analysts to flag execution risk despite strong top‑line growth. [31]
- Orders: $14.6 billion, up 55% organically, with particular strength in Power and Electrification. [32]
- Margins & returns: Net margin around 4.5% and return on equity near 17%. [33]
- Guidance: Management reaffirmed 2025 guidance, expecting revenue toward the high end of $36–37 billion, adjusted EBITDA margins of 8–9%, and free cash flow of $3.0–3.5 billion. [34]
The disconnect between strong revenue growth and a small EPS miss has created room for debate: bullish investors emphasize orders, backlog and long‑run cash generation, while skeptics note that margins remain relatively modest given the stock’s nearly triple‑digit P/E multiple.
That valuation debate is amplified by the data:
- P/E around 96–97x and P/FCF in the mid‑60s on some estimates. [35]
- 52‑week high at $677.29, about 12–13% above current levels. [36]
- 52‑week low at $252.25, meaning the stock has more than doubled off its lows in under a year. [37]
In short, execution has been strong, but expectations are high.
Analyst and media sentiment: “Moderate Buy” with wide targets
Across Wall Street and financial media, GE Vernova is firmly in the spotlight:
- Analyst ratings
- MarketBeat data shows 4 “Strong Buy,” 19 “Buy,” 8 “Hold,” and 2 “Sell” ratings, for an overall “Moderate Buy” consensus. [38]
- MarketBeat puts the average 12‑month price target around $607.81, only modestly above current levels, while Finviz lists a higher blended target near $686.68, reflecting a wide range of opinions on upside. [39]
- Most‑watched and trending status
- Zacks reports that GEV is one of the most searched‑for stocks on its platform and has outperformed both its industry and the broader S&P 500 over the past month. [40]
- Yahoo Finance, Barchart and other platforms highlight GE Vernova as a top “AI power” and energy‑transition name, often featured in daily movers and thematic lists. [41]
- Stock‑picking features
- A new Motley Fool article on “The Best Stocks to Buy With $1,000 Right Now”, syndicated via Nasdaq, singles out GE Vernova as a spin‑off that is “thriving as a standalone outfit,” pointing to the company’s role in supplying equipment and services to power‑hungry data centers and the broader grid. [42]
- Other recent pieces from Zacks and Barchart ask whether “GE Vernova Stock is a Buy Now”, generally arguing that hyperscaler demand, grid investment and nuclear projects give the company a compelling long‑term runway — with the caveat that valuation leaves less room for error. [43]
Overall, sentiment is constructive but cautious: many analysts like the structural story but are acutely aware of how far the stock has already run since its April 2024 debut. [44]
Beyond Taiwan: other strategic and geopolitical angles
While today’s headlines focus on institutional flows and the Taiwan repowering contract, several other 2025 developments frame GE Vernova’s risk–reward profile:
- Prolec GE acquisition
- The planned $5.28 billion purchase of the remaining 50% of Prolec GE is designed to deepen GE Vernova’s presence in transformers and grid equipment, particularly in North America — a critical bottleneck for connecting renewables, nuclear and new data centers. [45]
- U.S. manufacturing expansion
- The company has announced plans to add hundreds of jobs and invest up to $100 million at its grid‑solutions factory in Charleroi, Pennsylvania, part of a broader effort to ramp domestic production of high‑voltage equipment. [46]
- Potential Syria gas‑turbine project
- Reuters reported earlier this month that GE Vernova and Siemens Energy are in talks with Syrian officials regarding a $7 billion gas‑turbine project aimed at rebuilding parts of the country’s war‑damaged power sector — a reminder that some of GE Vernova’s opportunities sit in geopolitically complex environments. [47]
These moves underscore that GE Vernova is positioning itself as a full‑spectrum supplier of power and grid infrastructure, from nuclear and gas turbines to wind and transformers, with exposure to both advanced and emerging markets.
Key risks investors are watching
Despite the bullish narrative, today’s coverage and recent analyst notes also highlight several risks:
- High valuation
- With a P/E near 97x and relatively modest current margins, any stumble in execution, regulatory delays, or slower order growth could trigger a sharp de‑rating. [48]
- Wind segment volatility
- Q3 results showed continued weakness in parts of the wind business, particularly offshore, with cancellations and policy uncertainty still weighing on visibility even as onshore services (like the Taiwan deal) grow. [49]
- Project and political risk
- Large infrastructure projects — from grid upgrades to nuclear and international power‑sector rebuilds — are inherently exposed to permitting, financing and geopolitical risk, which can impact backlog conversion and cash flow timing. [50]
- Regulatory focus on nuclear and carbon
- As GE Vernova leans further into nuclear and gas as complements to renewables, policy decisions around emissions, nuclear approvals, and trade/tariff regimes will play a big role in shaping long‑term returns. [51]
- Concentration in AI and data‑center narrative
- While AI is undeniably increasing demand for electricity, investor enthusiasm can overshoot; if the market narrative rotates away from “AI infrastructure” names, stocks like GEV could see multiple compression even if fundamentals remain solid. [52]
What today’s news means for GE Vernova stock
Putting together today’s November 29 news flow:
- The stock sits just under $600, up strongly year‑to‑date and not far below its record high. [53]
- Multiple filings reveal new and increased positions from institutional investors such as Scotia Capital, Schroder Investment Management Group, Meridian Wealth Partners, Aspire Growth Partners, Williamson Legacy Group and others — with Norges Bank and major index managers already in deep. [54]
- Some holders, like XTX Topco and the New York State Common Retirement Fund, are taking profits at the margin, but the overall picture is one of net institutional accumulation. [55]
- The Taiwan wind repowering contract is a tangible proof point for GE Vernova’s global services ambitions and is helping to support the investment case around long‑term recurring revenue. [56]
- The AI power and nuclear‑energy narrative remains a powerful tailwind, reinforced by recent Prolec acquisition news, grid‑equipment demand, and a constant stream of analyst and media coverage. [57]
For now, GE Vernova sits at the crossroads of several mega‑trends — AI, electrification, nuclear, renewables and grid modernization — and the market is clearly willing to pay up for that exposure.
However, the premium valuation and cyclicality of large energy projects mean that investors following today’s headlines will also be watching closely for:
- The December investor event and 2026 guidance,
- Regulatory updates around nuclear and large grid projects,
- Progress on integrating Prolec and delivering on wind repowering contracts, and
- Any sign that orders or margins are deviating from the ambitious trajectory management has laid out. [58]
As always, this overview is informational only and not investment advice. Anyone considering GEV should look at their own risk tolerance, time horizon and portfolio needs, and, if necessary, consult a qualified financial adviser.
References
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