GE Vernova (GEV) Stock Today: Price, Latest News, Analyst Forecasts and Investment Outlook

GE Vernova’s stock is surging again as investors bet on a decade‑long boom in electricity demand, grid upgrades, and clean energy — but expectations, and valuations, are now sky‑high.

Key takeaways (as of 5 December 2025)

Share price & performance: GE Vernova (NYSE: GEV) is trading around $625–$630, up roughly 4–5% today and about 80%+ year to date, giving the company a market cap in the $165–$170 billion range. ^[1]
Latest catalysts:
- New Romania wind deal: 42 turbines for Greenvolt’s Gurbanesti project, adding to a prior 42‑turbine deal and bringing Romanian onshore wind capacity with Greenvolt to about 500 MW. ^[2]
- First international wind repower contract in Taiwan: 25 turbines to be upgraded for Taiwan Power Company with a five‑year O&M agreement. ^[3]
- Ongoing grid and factory investments in the US and a newly redeveloped research campus in Niskayuna, New York. ^[4]
Near‑term catalyst: A major Investor Update on December 9, 2025 in New York, where management will provide 2026 guidance and an updated outlook through 2028. ^[5]
Earnings backdrop: Q3 2025 delivered double‑digit revenue growth, strong orders and backlog, expanding margins, and positive free cash flow — and management reaffirmed 2025 guidance. ^[6]
Analyst view: Wall Street still broadly rates GEV a “Buy/Moderate Buy”, with average 12‑month price targets clustered roughly in the $615–$685 range, and high targets in the $720–$770 area. ^[7]
Valuation: The stock trades at rich multiples (~100x trailing earnings, ~4.5x PEG, and high price‑to‑book), leaving limited room for disappointment if growth or guidance underwhelm. ^[8]

Note: All data and news are current as of December 5, 2025 and may change quickly.

1. GE Vernova (GEV) stock price snapshot

After today’s rally, GE Vernova’s share price is hovering around the mid‑$620s to low‑$630s, following an earlier move where Smartkarma reported the stock at $629.11 (+4.51%) on volume of 3.68 million shares. ^[9] MarketBeat’s intraday update similarly highlighted the stock trading around $602–$610 earlier in the week, up more than 4% on the session. ^[10]

Key current metrics from recent market data:

Market cap: roughly $163–$171 billion. ^[11]
Trailing P/E: around 98–102x. ^[12]
PEG ratio: about 4.5 (indicating a premium vs. forecast earnings growth). ^[13]
Dividend:$0.25 per quarter, or $1.00 per year, for a yield near 0.2% at current prices; payout ratio ~16%. ^[14]

Year to date, Smartkarma estimates GEV shares are up about 83%, reflecting one of the strongest rallies among recent industrial spin‑offs. ^[15]

2. Latest GE Vernova news (as of December 5, 2025)

2.1 Romania: second big Greenvolt wind farm order

On December 4, GE Vernova announced it will equip Greenvolt Power’s Gurbanesti wind farm in Romania with 42 of its 6.1 MW–158m onshore turbines. ^[16]

The new contract follows an earlier deal to supply 42 turbines for the Ialomita wind farm, also in Romania.
Together, the two projects will provide around 500 MW of capacity — enough to power more than 110,000 Romanian homes annually, according to the company. ^[17]
Deliveries for the Gurbanesti project are scheduled to begin in 2026, and the order was booked in Q4 2025. ^[18]

Marketscreener and other outlets framed the dual Romania deals as evidence of strong European demand and further proof that GE Vernova’s “workhorse” onshore turbines are competitive in large‑scale projects. ^[19]

2.2 Taiwan: first international onshore repower contract

On November 19, 2025, GE Vernova announced its first onshore wind repower upgrade contract outside the US, signing with Taiwan Power Company (TPC). ^[20]

The agreement covers repower upgrade kits for 25 existing 1.5 MW–70.5m turbines plus a five‑year operations and maintenance (O&M) package. ^[21]
Initial components will be delivered starting in Q4 2025, with retrofit work continuing through 2026–2027. ^[22]
The order was booked in Q3 2025, and extends GE Vernova’s repowering expertise after more than 6,000 turbines have been repowered in the US. ^[23]

Renewables industry coverage notes the Taiwan deal as a milestone that broadens GE Vernova’s services revenue base and supports the company’s positioning in Asia’s energy transition. ^[24]

2.3 Grid equipment and manufacturing investments in the US

A Reuters deep‑dive into the US grid equipment shortage highlighted that GE Vernova is investing about $20 million in expanding its grid solutions factories in Charleroi, Pennsylvania (switchgear) and Clearwater, Florida (capacitors and instrument transformers). ^[25]

These expansions are part of a broader plan to invest around $600 million in US power generation and grid facilities over the next two years, including research hubs. ^[26]
The article underscores how transformer and high‑voltage equipment shortages, combined with explosive demand from data centers, EVs and new manufacturing, are creating a multi‑year tailwind for suppliers like GE Vernova. ^[27]

This aligns tightly with the company’s Electrification strategy and with analyst notes pointing to grid bottlenecks as a key earnings driver for GEV in the second half of the decade. TechStock²+1

2.4 R&D expansion: new Advanced Research center in Niskayuna

GE Vernova recently unveiled a redeveloped Advanced Research Center “Frontier Campus” in Niskayuna, New York, representing a $96 million investment. ^[28]

The site spans 195 acres, with 50,000 square feet of lab and office space plus 56,000 square feet of experimental outdoor space.
It includes a pilot carbon‑capture unit capable of absorbing 10 tons of CO₂ per year, and is expected to add 75 research jobs by completion (targeted by 2026). ^[29]

Local coverage emphasizes that the project cements the company’s long‑standing footprint in the capital region (alongside its Schenectady manufacturing base) and gives GE Vernova a showcase facility for new technologies and customer demos. ^[30]

2.5 Nuclear and data‑center power partnerships

On the nuclear side, Barron’s recently highlighted how GE Vernova’s nuclear joint ventures stand to benefit from new US federal grants for small modular reactors (SMRs). The article noted that projects such as TVA’s Clinch River SMR and Holtec’s plans for Palisades and other sites could receive hundreds of millions of dollars in support. ^[31]

Separately, another Barron’s piece on Chevron’s plan to build power plants for data centers in West Texas mentions GE Vernova as a key technology partner, tying GEV directly into the AI‑driven data‑center power build‑out theme. ^[32]

Taken together, these developments reinforce GE Vernova’s role across gas, grid, wind and nuclear as the world races to add capacity for data centers, electrified transport, and industrial decarbonization.

3. Q3 2025 earnings: strong growth and reaffirmed guidance

On October 22, 2025, GE Vernova reported third‑quarter 2025 results and reaffirmed its full‑year guidance. Key highlights from the company’s press release: ^[33]

Orders: $14.6 billion, up 55% organically, led by equipment in Power and Electrification.
Backlog: increased $6.6 billion sequentially, with Gas Power equipment backlog and slot reservations rising from 55 GW to 62 GW, and Electrification equipment backlog up $6.5 billion year‑to‑date to around $26 billion. ^[34]
Revenue: $10.0 billion, up 12% reported and 10% organically, with growth in both equipment and services. ^[35]
Profitability:
- Net income $0.5 billion, net margin 4.5%.
- Adjusted EBITDA $0.8 billion, margin 8.1%. ^[36]
Cash: $1.0 billion in cash from operating activities and $0.7 billion in free cash flow in Q3, with $7.9 billion of cash on the balance sheet and $2.4 billion returned to shareholders year‑to‑date via buybacks and dividends. ^[37]

MarketBeat’s recap notes that Q3 EPS of $1.64 missed consensus by $0.08, while revenue of $9.97 billion beat estimates and grew 11.8% year over year — highlighting a “strong growth, rich valuation” setup. ^[38]

Management emphasized that:

Backlog growth of roughly $16 billion year‑to‑date shows durable multi‑year demand.
The company is reaffirming 2025 financial guidance, and plans to provide 2026 guidance and an updated 2028 outlook at the December 9 Investor Update event. ^[39]

4. Analyst ratings and price targets

Analyst coverage of GE Vernova remains generally positive, but with growing debate about how much upside is left after the big run.

4.1 Consensus ratings

MarketBeat aggregates ratings from more than 30 analysts and classifies GEV as a “Moderate Buy”, with 4 Strong Buy, 23 Buy, 8 Hold and 2 Sell ratings in one recent tally. ^[40]
Zacks’ Average Brokerage Recommendation (ABR) also suggests a “Buy”, pointing to broadly optimistic sell‑side views. ^[41]

4.2 Price targets by source

Because different platforms aggregate different analysts at different times, numbers vary slightly — but they all tell a similar story:

MarketBeat: average 12‑month price target around $616 (range $380 to $758), implying a small downside or flat performance versus the latest share price in the low $620s. TechStock²+1
StockAnalysis.com: consensus target of about $625, with a range of $380 to $758, and a consensus rating of “Buy”; this again implies essentially no upside versus current levels. ^[42]
Nasdaq / MT Newswires: as of mid‑November, average one‑year target around $683, with a range from roughly $408 to $845, implying low‑teens percentage upside vs. then‑current prices. ^[43]
TipRanks / TheFly: Barclays’ latest note lifts its GEV price target to $720 from $710, retaining an Overweight rating and highlighting strong demand from data centers, electric utilities and aerospace end‑markets. ^[44]
Other recent moves: Deutsche Bank recently raised its target to $769, Wells Fargo to $717, and several other firms have tweaked targets up or down while maintaining mostly Buy or Overweight ratings. ^[45]

In short, consensus targets are now tightly clustered around the current share price, but top‑end estimates in the $720–$770 range indicate that some analysts still see double‑digit upside if GE Vernova can keep beating long‑term expectations. TechStock²+1

5. Valuation and fundamental debate

Recent analysis pieces — from MarketBeat, TS2, Simply Wall St, Smartkarma and others — all converge on a key tension: business momentum is strong, but the stock is expensive. ^[46]

Common valuation data points:

Trailing P/E: around 95–102x, vs. industry averages closer to 30x in many industrial/energy transition peer groups. ^[47]
Forward P/E: roughly high‑40s, also well above sector norms. TechStock²+1
PEG (P/E to growth): around 4.5, indicating investors are paying several times the stock’s projected earnings growth rate. ^[48]
Price‑to‑book: estimated in the mid‑teens, far above the ~3x level often cited as “expensive” in industrials. TechStock²+1

Simply Wall St’s modeling suggests GEV might be 10–12% undervalued relative to its DCF‑based “fair value” of around $680, but even that analysis notes that GE Vernova trades at a much higher earnings multiple than most peers — highlighting the divergence between cash‑flow models and headline multiples. ^[49]

Smartkarma’s factor scoring gives GE Vernova higher marks for Growth and Resilience, moderate scores for Momentum, and lower scores for Value and Dividend, capturing the idea that this is still very much a growth‑tilted, premium‑priced story. ^[50]

6. Why the market is so bullish: structural growth drivers

Despite the lofty valuation, recent news and research keep circling back to a few powerful drivers:

6.1 The “AI + electrification” demand boom

Investopedia’s S&P 500 movers recap on December 4 pointed out that GEV shares jumped nearly 5% after Barclays’ upgrade, citing strong demand for gas and electrification equipment tied to data centers and EV charging infrastructure. ^[51]

Reuters’ grid‑equipment feature shows US transmission and transformer demand up dramatically, with generation‑step‑up transformer orders up about 274% since 2019, and long lead times persisting into the second half of the decade. ^[52] GE Vernova’s own plan to invest $600 million in US power and grid facilities is a direct bet on that demand. ^[53]

Combined, these pieces suggest that GEV sits in the middle of an “arms race” to build out grid infrastructure for AI data centers, EVs, new factories and renewables — a secular theme that could run well into the 2030s. ^[54]

6.2 Expanding global renewables footprint

The Romania wind announcements (Gurbanesti and Ialomita, ~500 MW combined) and the Taiwan repower contract show GE Vernova expanding onshore wind and service revenues in both Europe and Asia. ^[55]

Sector‑focused outlets note that:

These deals deepen GE Vernova’s relationship with Greenvolt and Taiwan Power Company, two important regional players. ^[56]
Repowering and services have attractive margin characteristics and extend the life of the installed base of ~57,000 turbines and ~120 GW of wind capacity globally. ^[57]

6.3 Prolec GE acquisition and grid dominance

Multiple analyses flag GE Vernova’s plan to acquire the remaining 50% of Prolec GE for about $5.275 billion, which would bring transformer manufacturing fully in‑house and strengthen its position in a bottlenecked market. TechStock²+1

Given the severe transformer shortages and multi‑year backlog described by Wood Mackenzie and Reuters, this acquisition is widely seen as a way to secure supply and capture more value from grid upgrades. ^[58]

6.4 Heavy R&D and long‑term innovation bets

TS2 and Nasdaq‑linked coverage highlight that GE Vernova is running over 150 active R&D projects, spent roughly $1.24 billion on R&D in 2024, and plans around $9 billion in combined capex and R&D by 2028. TechStock²+2MarketScreener+2

The new Niskayuna research campus, plus the broader manufacturing and grid investments, signal that the company is building long‑term capabilities rather than focusing solely on near‑term margin maximization. ^[59]

7. Risks and bear arguments

Even bullish analysts and commentators are quick to point out that GE Vernova is not a low‑risk story at current levels. Leading concerns include:

7.1 Valuation risk

With triple‑digit trailing P/E, elevated price‑to‑book, and a PEG ratio above 4, the valuation leaves little cushion if growth slows, policy turns less favorable, or execution slips. ^[60]

Several recent articles, including those on Yahoo Finance and TS2, explicitly ask whether it might be “too late” to initiate positions after a roughly 75–80% rally since the spin‑off and a 5x move from early trading levels in 2024. ^[61]

7.2 Execution risk in large wind and grid projects

Wind has been a challenging business across the industry, with project delays, warranty issues, and cost inflation. Analysts warn that large onshore and offshore projects in Romania, Taiwan and other markets must be executed nearly flawlessly to avoid cost overruns or write‑downs. TechStock²+2GE Vernova+2

The planned Prolec GE acquisition also brings integration and leverage risk if returns don’t materialize as expected or regulatory approvals drag out. TechStock²+1

7.3 Policy and regulatory uncertainty

Reuters notes that the US “One Big Beautiful Bill Act” (OBBBA) backed by the Trump administration introduces downside risk for clean‑energy‑linked transformer demand, even as broader grid spending remains strong. ^[62]

More broadly, GE Vernova’s own filings highlight:

Tariffs and inflation as a $300–$400 million headwind baked into 2025 guidance. ^[63]
Dependence on long‑cycle infrastructure policies in the US and EU, including nuclear, gas, renewables and carbon‑capture frameworks. ^[64]

7.4 Expectations vs. guidance: the Investor Day “reset” risk

TS2 and Barron’s coverage stress that Street estimates for 2028 EBITDA have drifted to about $9.4 billion, well above early post‑spin models of around $4.6 billion and even above management’s prior $6.3 billion outlook. TechStock²+1

Investor Day on December 9 is therefore seen as a potential inflection point:

If management raises medium‑term targets closer to current Street numbers, bulls may feel validated.
If guidance falls short of elevated expectations, the stock could see a bout of volatility or a valuation reset. ^[65]

8. Short‑term trading context vs. long‑term thesis

MarketBeat’s “Stock Price Up 4.3% – Time to Buy?” piece captures the split mood well: the platform calls GEV a Moderate Buy with an average target around $608, but also points out that the stock trades on high multiples and is not among its very top conviction ideas. ^[66]

Meanwhile:

Dodge & Cox trimming its position by 5.5% in Q2 — while still holding about 0.06% of the company — shows some institutional investors are locking in profits after the rally. ^[67]
Other institutions, such as First Trust Advisors and Guggenheim, have increased or initiated positions, reflecting ongoing institutional appetite for the “energy transition plus grid modernization” theme. ^[68]
Smartkarma’s factor scores and commentary point to a solid long‑term outlook in Growth and Resilience, but only average Value and Dividend metrics, underscoring that this is primarily a growth and infrastructure play, not an income stock. ^[69]

For traders, near‑term moves are likely to hinge on:

December 9 Investor Update – 2026 guidance and refreshed 2028 outlook. ^[70]
Post‑event analyst revisions to models and price targets. TechStock²+1
Any additional contract wins in wind, grid or nuclear, especially in Europe and Asia. ^[71]

For longer‑term investors, the focus is more on whether:

Backlog keeps compounding,
Margins expand steadily, and
Cash generation (and capital returns) grow fast enough to justify today’s premium valuation.

9. Who might GE Vernova stock appeal to now?

Given the latest news, forecasts and analyses as of December 5, 2025, GE Vernova (GEV) looks like:

A core “energy transition + grid” growth name with strong positions in Power, Wind and Electrification, backed by a large installed base and growing services revenues. ^[72]
A company with robust order growth, expanding backlog and improving margins, plus an increasingly global footprint in renewables and grid solutions. ^[73]
A stock that is priced for excellence, not perfection: any stumble on guidance, policy, or project execution could prompt sharp corrections, especially given the high multiples and crowded ownership.

In other words, GE Vernova today is a high‑conviction structural growth story with high expectations already embedded in the price. It tends to appeal more to investors who:

Are comfortable with volatility and premium valuations,
Believe in a multi‑decade build‑out of power generation and grid infrastructure, and
Want exposure to gas, wind, grid and nuclear in a single integrated platform.

Important disclaimer

This article is for news and information purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any security. It is based on publicly available information as of December 5, 2025 and may not reflect subsequent developments. Always do your own research or consult a licensed financial professional before making investment decisions.

References

GE Vernova (GEV) Stock Today: Price, Latest News, Analyst Forecasts and Investment Outlook – December 5, 2025