As of 7 December 2025, GE Vernova Inc. (NYSE: GEV) sits near record territory, with its share price around $631 and a market capitalization of roughly $170 billion. Over the past year the stock has surged more than 80%, trading between a 52‑week low of $252.25 (4 April 2025) and a high of $677.29 (31 July 2025). [1]
At the same time, valuation multiples are stretched, Wall Street expectations for long‑term earnings are climbing, and a pivotal Investor Update on 9 December 2025 is about to test whether the company can justify its premium. [2]
Below is a structured look at GE Vernova’s latest news, forecasts and analyses up to 7 December 2025, suitable for readers following the stock via Google News and Discover.
1. Where GE Vernova Stock Stands on 7 December 2025
Share price and recent performance
Recent data from multiple quote services show GEV trading just above $630 per share:
- $631.24 at the close on 6 December 2025, down about 6.8% from its 52‑week high and up 150% from the 52‑week low. [3]
- ChartMill reports a last price of $631.32 as of 5 December 2025, with a ~82% gain over the past year. [4]
Key valuation and risk metrics:
- Market cap: ~$171 billion. [5]
- Trailing P/E around 100–110x (exact figure varies by data provider). [6]
- Forward P/E around 48–50x, still well above industry averages near the low‑20s. [7]
- Dividend yield of roughly 0.16–0.2%, with a quarterly dividend of $0.25 per share and ongoing share repurchases. [8]
- Institutional ownership over 78% of the float and short interest around 2.6–2.7% – high institutional participation but relatively modest short selling. [9]
In short, GE Vernova is trading like a high‑growth momentum stock: strong price appreciation, heavy institutional sponsorship, and valuation multiples far above traditional industrial peers.
2. Fresh Institutional Buying Disclosed on 7 December 2025
The latest 13F‑related headlines published today, 7 December 2025, show more long‑only money adding to GEV during the second quarter:
- Federated Hermes Inc.
- Increased its stake by 17.2% in Q2 to 665,828 shares, worth about $352 million.
- GEV is now roughly 0.7% of Federated’s portfolio and its 26th‑largest holding, representing about 0.24% of GE Vernova’s shares. [10]
- Brown Advisory Inc.
- Boosted its position by 6.8% to 37,051 shares, valued around $19.6 million. [11]
- Gabelli Funds LLC
- Raised its holding by 4.5%, to 84,431 shares valued near $44.7 million. [12]
The same filings highlight other large institutions that have built significant positions since the spin‑off, including Norges Bank, Arrowstreet Capital, AQR, and Amundi, each committing hundreds of millions of dollars to GEV stock. [13]
ChartMill’s ownership overview backs this up, showing institutional holders controlling ~78.6% of shares, with insiders owning only a small fraction. [14]
Takeaway: As of early December 2025, institutional demand remains robust, with multiple asset managers adding to positions even after a substantial year‑to‑date rally.
3. Business Momentum: Q3 Results, Grid Acquisition and New Wind Deals
Strong Q3 2025 and reaffirmed 2025 guidance
On 22 October 2025, GE Vernova released a strong third‑quarter 2025 update: [15]
- Orders:
- $14.6 billion, up 55% organically, led by the Power and Electrification segments.
- Backlog:
- $6.6 billion sequential growth in remaining performance obligations.
- Gas Power equipment backlog and slot reservations increased from 55 GW to 62 GW in a single quarter.
- Electrification equipment backlog climbed by $6.5 billion year‑to‑date to about $26 billion.
- Revenue:
- $10.0 billion, up 12% reported and 10% organically year‑over‑year.
- Profitability and cash:
- Net income of about $0.5 billion, with a 4.5% net margin.
- Adjusted EBITDA of $0.8 billion, an 8.1% margin.
- Operating cash flow of $1.0 billion and free cash flow of $0.7 billion in the quarter.
Management reaffirmed its full‑year 2025 guidance, expecting: [16]
- Revenue toward the high end of $36–37 billion.
- Adjusted EBITDA margin of 8–9%.
- Free cash flow of $3.0–3.5 billion (despite tariff and inflation headwinds).
CEO Scott Strazik and CFO Ken Parks both emphasized accelerating demand, particularly in Gas Power and Electrification, and highlighted that improved cash‑flow “linearity” is allowing the company to return cash to shareholders via buybacks and dividends while maintaining an investment‑grade balance sheet. [17]
Prolec GE acquisition: bulking up grid equipment
Alongside Q3 results, GE Vernova announced a deal to acquire the remaining 50% of Prolec GE, a transformer joint venture with Xignux, for $5.275 billion. The transaction is expected to close by mid‑2026, expanding the company’s position as a global grid equipment leader at a time when transmission and distribution investment is surging. [18]
This acquisition bolsters the Electrification segment, which sells transformers, switchgear, grid software and power‑conversion equipment—precisely the hardware that data centers and renewable projects are demanding in ever larger quantities.
New wind wins in Romania and beyond
On 4 December 2025, GE Vernova announced that it will equip Greenvolt Power’s Gurbanesti onshore wind farm in Romania with 42 of its 6.1 MW–158m turbines, following a similar earlier deal in the country. [19]
- Across the two Romanian projects, GE’s turbines will deliver about 500 MW of capacity.
- The farms are expected to power more than 110,000 homes annually and support hundreds of jobs during construction. [20]
Simply Wall St notes that these deals, alongside additional turbine orders in Romania and Poland, have helped drive recent share price strength and are central to the investment narrative that GE Vernova can restore profitability in its Wind business. [21]
Earlier in November, GE Vernova also announced its first onshore wind repowering agreement in Taiwan, supplying 25 upgrade kits and services to Taipower. This contract, widely covered in late‑November analysis, is seen less as a near‑term profit driver and more as a strategic foothold in higher‑margin lifecycle services in Asia. TechStock²
Q2 2025: AI‑driven power demand and a big guidance raise
Back in July 2025, GE Vernova reported second‑quarter results that beat Wall Street profit estimates and prompted a significant raise in its free cash flow forecast, sending the stock up about 14–15% in a single session and lifting the broader S&P 500 and Nasdaq indexes to record closes. [22]
Reuters coverage at the time highlighted that: [23]
- GEV shares were up over 80% year‑to‑date after the Q2 beat.
- Management cited surging power consumption from AI and cryptocurrency data centers as a key driver of demand for its gas turbines and grid technologies.
This AI‑and‑electrification theme has since become central to the bull case for the stock.
4. R&D Pipeline, AI Infrastructure and the Energy Transition
A widely cited Zacks / Nasdaq piece from 4 December 2025 focuses on GE Vernova’s R&D engine: [24]
- The company is currently pursuing more than 150 active R&D initiatives across the business.
- Dedicated research centers in Niskayuna, New York and Bangalore, India, plus an Advanced Research team, work on everything from cleaner gas turbines to digital grid technologies.
- GE Vernova spent about $1.24 billion on R&D in 2024 and plans to invest $9 billion in combined global capex and R&D by 2028 to support the energy transition and rising electricity demand.
This aligns with GE Vernova’s own spin‑off messaging, where it framed itself as a “purpose‑built” electrification and decarbonization company and targeted by 2028: [25]
- Mid‑single‑digit organic revenue growth,
- 10% adjusted EBITDA margins, and
- 90–110% free cash flow conversion.
An InvestorsObserver analysis from August 2025 pushed this further, labeling GE Vernova “the real AI infrastructure play”—not through chips, but through turbines, nuclear, and grid equipment that power AI data centers. That article highlighted: [26]
- GEV stock had climbed 89% year‑to‑date and 235% over 12 months at the time.
- A Q2 2025 earnings beat with EPS of $1.86 vs. $1.51 expected and revenue of $9.11 billion vs. $8.8 billion forecast, prompting a raise in 2025 guidance.
- A growing backlog of 9 GW of additional power orders and a more aggressive free‑cash‑flow outlook.
Meanwhile, GE Vernova’s own disclosures note that its installed base helps customers generate around 25% of the world’s electricity today, with ~7,000 gas turbines and ~57,000 wind turbines in operation across about 100 countries. [27]
Big picture: GE Vernova is positioning itself as a core supplier of the hardware behind AI and decarbonization—gas and nuclear for reliable baseload power, renewables and storage for clean generation, and modern grid gear for transmission and distribution.
5. Analyst Ratings and Price Targets: Consensus Bullish, Valuation Debated
How Wall Street sees GEV today
Across major data providers, the headline view is broadly positive:
- MarketBeat:
- 33 analysts with an average 12‑month price target of $616.08 (about 2% below the current price).
- Target range: $380 to $758.
- Overall rating: “Moderate Buy.” [28]
- StockAnalysis:
- 24 analysts, average target $625.04 (roughly flat vs. spot), low $380, high $758.
- Consensus rating: “Buy.” [29]
- TipRanks:
- 19 analysts over the last three months, average target $682.56, implying about 17% upside from a reference price of ~$585 at the time of their snapshot.
- Range: $475–$760.
- Consensus: “Moderate Buy” (12 Buy, 6 Hold, 1 Sell). [30]
- ChartMill:
- Compiles forecasts from 38 analysts, average target $687.26, about 9% above a current price of $631.32. [31]
- GuruFocus:
- Based on 26 analysts, average target around $650.13, with a high of $760 and low of $280, implying a small upside (under 1%) from a reference price near $644 when the article was written.
- Consensus recommendation equivalent to “Outperform”, with an average brokerage score of 2.2 (1 = Strong Buy, 5 = Sell). [32]
- MarketWatch / Barron’s‑linked data:
- Cites an average target near $689 from roughly 37 analysts, with about 65% of ratings at Buy, compared to ~55% for the average S&P 500 stock. [33]
Zacks’ own “average brokerage recommendation (ABR)” also places GE Vernova in the Buy bucket, even as its style scores flag the stock as expensive on traditional valuation metrics. [34]
Recent upgrades, target hikes – and a high‑profile Sell
Several of the 13F‑related reports published on 7 December summarize the latest analyst actions: [35]
- Bullish / positive actions include:
- Susquehanna lifting its target from $740 to $750 with a “Positive” rating.
- Barclays raising its target to around $720 and rating the stock “Overweight.”
- Royal Bank of Canada nudging its target from $605 to $630 and rating the shares “Sector Perform.”
- GLJ Research pushing its target up to $758 with a “Buy” recommendation.
- More cautious moves:
Earlier analyses by InvestorsObserver and others also flagged that GEV’s P/E ratio had at one point reached around 150x, far above a ~30x industry average, underscoring why some houses are reluctant to chase the stock despite strong fundamentals. [38]
Forecasts through 2028 and fair‑value debates
Different platforms are now projecting GE Vernova out to 2028:
- GE Vernova’s own guidance (from its March 2024 spin‑off day and reiterated in subsequent updates) targets by 2028: mid‑single‑digit organic revenue growth, ~10% adjusted EBITDA margin, and strong cash conversion. [39]
- Zacks sees EPS rising ~34% in 2025 and ~70% in 2026, implying fast earnings growth as the spin‑off matures and margins expand. [40]
- Simply Wall St constructs a 2028 scenario with ~$48 billion in revenue and $5.8 billion in earnings, implying roughly 9.5% annual revenue growth and a meaningful step‑up in profitability. That model produces a fair value near $680 per share, about 8–13% above current prices, but community estimates span a huge range from about $360 to $760, underscoring the uncertainty. [41]
- ChartMill’s aggregate suggests analysts expect EPS growth north of 200% next year (partly reflecting the distortion of early spin‑off comparisons) and revenue growth around 6%, broadly consistent with the company’s medium‑term framework. [42]
Meanwhile, a Barron’s‑linked article previewing the investor day points out that Street estimates for 2028 EBITDA have ballooned from roughly $4.6 billion at the time of the spin‑off to about $9.4 billion today—far above GE Vernova’s original guidance around $6.3 billion given in December 2024. That gap in expectations is one reason upcoming guidance on 9 December 2025 is considered a major risk‑reward catalyst. [43]
Bottom line on forecasts:
- Consensus: bullish on growth and sees modest to mid‑teens upside in many models.
- Reality check: valuation already bakes in a lot of that optimism, so any guidance that falls short could trigger volatility.
6. Investor Day on 9 December 2025: What the Street Is Watching
GE Vernova will host its 2025 Investor Update on 9 December 2025 at 4:30 p.m. EST. CEO Scott Strazik and CFO Ken Parks are set to: [44]
- Provide 2026 financial guidance.
- Update the company’s 2028 outlook.
- Offer more detail on longer‑term trends, including AI‑driven power demand, grid modernization and wind profitability.
A Yahoo Finance / Barron’s piece, summarized via SwingTradeBot, frames the event as a test of whether GE Vernova can “live up to investors’ lofty expectations.” With the stock up around 75–80% in 2025 and trading on triple‑digit earnings multiples, the bar for new guidance is high. [45]
Analysts and recent commentaries highlight several focus areas:
- Can growth keep pace with the valuation?
- Consensus expects double‑digit EPS growth through at least 2026; any sign of slowing momentum could pressure the share price. TechStock²+1
- AI and data‑center orders translating into margins.
- Investors want to see that booming Electrification orders from data‑center customers (roughly $900 million in 2025 year‑to‑date, according to one late‑November analysis) translate into sustainable, high‑margin revenue. TechStock²+1
- Wind segment inflection.
- Romania, Poland, Taiwan and repowering projects are encouraging, but the Street still wants clearer milestones for offshore and onshore wind profitability, which has historically been a weak spot. [46]
- Impact of the Prolec GE acquisition and SMR/nuclear initiatives.
- The Prolec GE deal and progress on BWRX‑300 small modular reactors—recently in the news thanks to a U.S. Department of Energy grant cited in Seeking Alpha‑linked coverage—could reshape long‑term margin and capital‑intensity assumptions. [47]
- Capital allocation and balance‑sheet discipline.
- With a premium valuation and a capital‑intensive business model, investors will scrutinize capex, R&D spending, dividends, and buybacks, ensuring they align with free‑cash‑flow guidance and leverage targets. [48]
7. Opportunities vs. Risks for GE Vernova Stock
Structural tailwinds
Recent coverage converges on several structural positives:
- AI and digital infrastructure: Rapid growth in data centers and AI workloads is driving electricity demand, particularly for reliable baseload power and high‑capacity grid connections, where GE Vernova’s Gas Power and Electrification segments are well positioned. [49]
- Energy transition: Governments and utilities globally are investing in renewables, grid upgrades, and decarbonization, expanding the addressable market from roughly $265 billion today to an expected $435 billion by 2030, according to GE’s spin‑off materials. [50]
- Service‑heavy backlog: Around 65% of GE Vernova’s backlog is services, providing more predictable cash flows and long‑term customer relationships. [51]
- Innovation and R&D: A large and well‑funded R&D program, spanning gas, wind, nuclear, and grid software, supports continued technological differentiation. [52]
Key risks
However, several risks and constraints appear repeatedly in recent analyst notes:
- Valuation risk
- GEV trades at triple‑digit trailing P/E and high‑40s forward P/E, with PEG ratios in the 4–5x range, depending on methodology—levels often viewed as rich even for fast‑growing industrials. TechStock²+2ChartMill+2
- This is the core concern for houses like Rothschild & Co Redburn, which recently called the stock a Sell with a $475 target. [53]
- Execution and project risk
- Large grid and wind projects are capital‑intensive and can be vulnerable to cost overruns, regulatory delays, and contract risk, potentially leading to lumpy earnings—something Simply Wall St and others flag as an ongoing concern. [54]
- Interest‑rate sensitivity
- High‑multiple, capital‑intensive stocks like GEV have sold off when markets price in higher‑for‑longer interest rates, as seen in certain down days earlier in 2025. TechStock²+1
- Wind profitability
- While new orders in Romania, Poland and Taiwan are encouraging, offshore wind remains a challenging market, and sustained margin improvement is not yet fully proven. [55]
- High expectations into Investor Day
- With 2028 EBITDA expectations now near $9+ billion in some models vs. the company’s earlier $6.3 billion guide, even a solid update could disappoint if it does not meet the most optimistic projections. [56]
8. Summary for 7 December 2025
Putting it all together:
- Stock performance: GE Vernova is trading near $630 after a spectacular run—up ~80%+ over the last 12 months and about 150% above its April low, putting it among the strongest performers in the industrial/energy complex. [57]
- Ownership:Institutional investors continue to accumulate shares, as highlighted by fresh filings from Federated Hermes, Brown Advisory and Gabelli Funds released today. [58]
- Fundamentals: Q3 2025 delivered strong order growth, expanding backlog, improving margins and solid free cash flow, with full‑year guidance reaffirmed at the upper end of management’s revenue range. [59]
- Growth story: The company is leaning hard into AI‑driven power demand, grid modernization, and renewables, underpinned by a substantial R&D budget and acquisitions like Prolec GE and new wind deals in Romania and Taiwan. [60]
- Analyst view: Wall Street’s overall stance is “Moderate Buy” to “Buy”, with average 12‑month price targets mostly clustering in the mid‑$600s, though the spread of estimates—from around $380 to $760—reveals real disagreement about fair value. [61]
- Key catalyst: The 9 December 2025 Investor Update is likely the next major turning point, as investors look for 2026 guidance and an updated 2028 roadmap to either validate or temper the current wave of optimism. [62]
For anyone following GE Vernova (GEV) into this event, the story on 7 December 2025 is clear:
GE Vernova is a high‑quality, high‑growth energy infrastructure company priced for excellence.
The combination of strong institutional buying, powerful structural tailwinds and lofty expectations makes upcoming guidance especially important.
This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Always consider your own financial situation, risk tolerance and, where appropriate, consult a qualified financial adviser before making investment decisions.
References
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