New York, January 30, 2026, 18:41 EST — After-hours
- GE Vernova shares ended the day 1.25% higher at $726.37, having reached an intraday peak of $752.02.
- Investors juggle robust power and electrification demand from data centers with setbacks in wind projects.
- The spotlight next week is on the planned Feb. 2 closing of the Prolec GE deal.
Shares of GE Vernova (GEV) climbed 1.25%, finishing Friday at $726.37 following a high of $752.02 during the session. After hours saw a slight pullback of roughly 0.2%.
Investors remain fixated on this company as a direct play on the power buildout. Data centers and the wider push for electrification are driving up demand for gas turbines and grid gear. The real question: how long can this hot order cycle last?
Wind remains the wildcard. GE Vernova warned that delays at the Vineyard Wind project off Massachusetts could slash around $250 million from this year’s wind-unit revenue and potentially trigger $400 million in losses if 11 turbines aren’t installed. The firm also highlighted a roughly $70 million tariff hit last quarter. It projects 2026 revenue between $44 billion and $45 billion, beating analysts’ $41.97 billion estimate compiled by LSEG. CEO Scott Strazik touted the company’s “significant momentum” heading into 2026. Reuters
In its latest quarterly release and SEC filing, GE Vernova announced fourth-quarter orders hitting $22.2 billion, marking a 65% rise on an organic basis. The company reported an increase in its gas-power equipment backlog and slot reservation agreements, climbing to 83 gigawatts from 62. Total backlog — seen as a gauge of unfilled orders — stood at $150 billion. CFO Ken Parks highlighted a cash balance of $8.8 billion and indicated plans to continue investing while returning cash to shareholders.
During the earnings call, Strazik confirmed the company plans to complete its acquisition of the remaining share in transformer maker Prolec GE on Monday, Feb. 2. Management also outlined a 2026 goal: adjusted EBITDA margin between 11% and 13%, and free cash flow ranging from $5 billion to $5.5 billion. (Adjusted EBITDA excludes certain items and stands for earnings before interest, taxes, depreciation, and amortization.)
Analysts reacted swiftly after the latest outlook. Oppenheimer’s Colin Rusch raised his price target to $871 from $855, maintaining an outperform rating. He pointed to stronger-than-anticipated demand in Power and Electrification, despite challenges in Wind.
The main risk lies in execution, particularly with offshore wind. Any further delays in turbine installations or a sharper decline in the wind backlog could undermine the earnings potential investors have factored in.
The macro picture matters too. Should data-center spending stall or utilities push back on projects, those large orders could dry up. Shares have reacted sharply to guidance changes in the past.
U.S. markets were closed over the weekend, so traders will focus on the Prolec GE closing and any new updates on wind project schedules as February kicks off.
