New York, Feb 7, 2026, 17:09 EST — Market is done for the day
- GE Vernova finished the session Friday up roughly 5.6%, closing at $779.35.
- This week, the company pointed to progress on U.S. wind “repower” projects and said it wrapped up financing related to its Prolec GE transaction.
- Next week, the postponed U.S. jobs and inflation numbers land—potential to shake up rate expectations and put fresh pressure on industrial growth stocks.
GE Vernova Inc. (NYSE: GEV) climbed 5.6% Friday, ending the session at $779.35. Shares swung from $737.41 to $782.90 during the day, with roughly 3.3 million changing hands.
Wall Street snapped back in a big way, sending the Dow over the 50,000 mark for its first-ever close above that level as investors branched out past the usual tech heavyweights. “What’s driven it recently has been the broadening … other than just the tech, AI trade,” said Chuck Carlson, chief executive at Horizon Investment Services. Reuters
With U.S. markets closed for the weekend, eyes turn to GE Vernova to see if its recent jump holds up on Monday. On Thursday, the company revealed it had secured 1.1 GW of U.S. onshore wind repower orders for 2025—essentially, upgrading existing turbines with newer hardware to boost performance and longevity. “These significant repower orders underscore the critical role our advanced technology plays,” said Uzair Memon, chief commercial officer of GE Vernova’s Onshore Wind Services. David Hardy, wind chief commercial officer, called repowering a way to “rejuvenate a wind farm.” The company expects the projects to hit commercial operation between 2026 and 2027, adding that no additional deals beyond those previously reported were included in the release. GE Vernova
GE Vernova wrapped up its purchase of the remaining 50% of transformer manufacturer Prolec GE earlier this week, paying $5.275 billion in a split of cash and debt. “We’re excited to reach this important milestone,” said CEO Scott Strazik, highlighting solid grid demand in North America. GE Vernova
According to a securities filing, GE Vernova wrapped up a $2.6 billion underwritten public sale of senior notes—these are unsecured corporate bonds—split into three maturities: 2031, 2036, and 2056. The company said it’s planning to use the net proceeds for general corporate needs, with part of the money earmarked for the Prolec GE acquisition.
Investors have zeroed in on the company’s updated outlook, too. Back in late January, orders for the fourth quarter came in at $22.2 billion, with the backlog climbing to $150 billion. Gas power equipment backlog plus “slot reservation” agreements—those deals that secure future manufacturing slots—expanded from 62 GW to 83 GW. The company also bumped up its 2026 targets: revenue between $44 billion and $45 billion, adjusted EBITDA margins at 11% to 13%, and free cash flow expected to hit $5.0 billion to $5.5 billion. GE Vernova
Wind is still the big unknown here. Back in late January, GE Vernova flagged a possible $250 million revenue shortfall this year tied to delays getting turbines up and running at Massachusetts’ Vineyard Wind offshore site. On top of that, missing the installation of 11 turbines could push losses close to $400 million, the company cautioned, citing a Reuters report.
Rates and macro data are still the backdrop here. Lately, GE Vernova has been moving more like a growth-tilted industrial, with investors snapping to recalibrate anything linked to big power, grid, or data center expansions as soon as rate outlooks budge.
Investors are watching two key releases next week. The U.S. January employment report, pushed to Wednesday, Feb. 11 due to the brief government shutdown, lands first. Then on Friday, Feb. 13, the January consumer price index is on deck. Both reports have the potential to jolt Treasury yields and ripple through high-multiple industrial stocks.
