GE Vernova Inc. (GEV) Stock Price & Analysis
GE Vernova Inc. (GEV) closed at USD 827.42 on Thursday, October 22, 2026, down 10.64% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 925.92; the Oct 22, 2026 session ranged USD 813.26–901 on volume of 5,818,831 shares. Market capitalization is $220.37B, with a 52-week range of USD 530.16–1,195.94 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GEV.md
Key facts (GEV)
- Last four reported quarters (through Jun 30, 2026): revenue $41.4B, net income $9.53B (23.0% margin), free cash flow $12.4B (SEC filings).
- Valuation: P/E 23.1x (avg 47.9x at the last 2 fiscal year-ends), EV/EBITDA 85.1x, net cash $10.3B.
- Earnings quality: non-operating income $5.40B vs operating income $1.80B over the last four quarters; P/E excluding non-operating income ≈53.4x (estimate: non-operating income taxed at the company's 0% effective rate).
- 9 of 80 tracked superinvestors hold GEV (13F, Q2 2026): 5 new, 0 added, 2 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $7.0M; 2 not under a Rule 10b5-1 plan ($7.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.03 on a 1–5 scale) (38 analysts), mean target USD 1,223.98 (range 940–1,450).
- Total return with dividends: 1Y +39.3% vs S&P 500 +14.9%; 5Y +507.6% vs S&P 500 +80.3%.
- Next earnings: 2026-10-28, EPS estimate USD 4.01, revenue estimate $12.0B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GEV)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $29.7B | $33.2B | $34.9B | $38.1B | $41.4B |
| Gross profit | $3.46B | $4.82B | $6.08B | $7.54B | — |
| Operating income | -$2.88B | -$923M | $471M | $1.39B | $1.80B |
| Net income | -$2.74B | -$438M | $1.55B | $4.88B | $9.53B |
| EPS (diluted) | -$10.00 | -$1.60 | $5.58 | $17.69 | — |
| Free cash flow | -$627M | $442M | $1.70B | $3.71B | $12.4B |
| Gross margin | 11.7% | 14.5% | 17.4% | 19.8% | — |
| Operating margin | -9.7% | -2.8% | 1.3% | 3.6% | 4.3% |
| Net margin | -9.2% | -1.3% | 4.4% | 12.8% | 23.0% |
| Revenue growth | — | +12.1% | +5.1% | +9.0% | — |
| Cash + short-term investments | $2.07B | $1.55B | $8.21B | $8.85B | — |
| Total debt | — | — | — | $328M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GEV)
P/E 23.1x · P/E ex non-operating (est.) ≈53.4x · P/S 5.3x · EV/EBITDA 85.1x · EV/Sales 5.1x · P/FCF 17.7x · P/B 18.4x · FCF yield 5.64% · Earnings yield 4.32% · Dividend yield (paid, TTM) 0.19% · Buyback yield (TTM) 2.45% · Net cash $10.3B · EV $210B
P/E at fiscal year-ends: Dec 2025 36.9x, Dec 2024 58.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (GEV)
9 of 80 tracked investors hold GEV. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Chase Coleman | Tiger Global Management | 3.91% | $937M | Reduced -18.0% |
| Terry Smith | Fundsmith | 3.53% | $481M | New position |
| Polen Capital | Polen Capital Management | 1.99% | $231M | New position |
| Christopher Bloomstran | Semper Augustus | 0.26% | $2.3M | Unchanged |
| Dodge & Cox Funds | Dodge & Cox | 0.08% | $144M | Reduced -4.9% |
| Van Den Berg Management I | 0.05% | $227K | New position | |
| Lee Ainslie | Maverick Capital | 0.01% | $1.3M | New position |
| Mairs & Power | Mairs & Power Funds | 0.01% | $994K | Unchanged |
| Richard Pzena | Pzena Investment Management | <0.01% | $216K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (GEV)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-06-01 | Abate Victor | Chief Executive Officer, Wind | 4,819 | $4.6M | 72.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Potvin Matthew Joseph | Chief Accounting Officer | 2,333 | $2.5M | 39.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (GEV)
Consensus Buy (mean 2.03 on a 1–5 scale), 38 analysts; mean target USD 1,223.98 (low 940, high 1,450).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Susquehanna | Target lowered | Positive | $1300 → $1270 |
| 2026-10-13 | Guggenheim | Reiterated | Buy | $1450 |
| 2026-10-09 | JP Morgan | Target lowered | Overweight | $1330 → $1150 |
| 2026-09-15 | Bernstein | Reiterated | Outperform | $1298 |
| 2026-09-14 | GLJ Research | Initiated | Sell | $470 |
| 2026-07-27 | Mizuho | Target raised | Neutral | $913 → $949 |
| 2026-07-23 | Bernstein | Target raised | Outperform | $1206 → $1298 |
| 2026-07-23 | JP Morgan | Target raised | Overweight | $1302 → $1330 |
| 2026-07-23 | Morgan Stanley | Target raised | Overweight | $1250 → $1350 |
| 2026-07-23 | TD Cowen | Target raised | Buy | $1220 → $1235 |
| 2026-07-23 | RBC Capital | Target raised | Outperform | $1195 → $1225 |
| 2026-07-23 | Oppenheimer | Target raised | Outperform | $1303 → $1338 |
Total return (dividends reinvested) (GEV)
| 1Y (from 2025-10-23) | 5Y (from 2024-03-25) | |
|---|---|---|
| Total return | +39.3% | +507.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +39.4% | +101.3% |
| Volatility (annualized) | 53.3% | 44.9% |
| Max drawdown | -29.6% (Jun 2026→Oct 2026) | -35.4% (Jan 2025→Mar 2025) |
GEV revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Equipment | $6.46B | 58.2% | +32.0% |
| Services | $4.64B | 41.8% | +10.1% |
| Total revenue | $11.10B | 100% | — |
GEV revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Non Us | $20.73B | 54.4% | +2.3% |
| — Europe (part of Non Us) | $7.59B | 19.9% | -8.8% |
| — Middle East & Africa (part of Non Us) | $5.39B | 14.2% | +28.5% |
| — Asia (part of Non Us) | $4.63B | 12.2% | -1.5% |
| — Americas Excluding U.S. (part of Non Us) | $3.12B | 8.2% | +2.6% |
| United States | $17.34B | 45.6% | +18.1% |
| Total revenue | $38.07B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
GEV suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | HITACHI LTD (HTHIY) | “and the design and development of small modular reactors through joint ventures with Hitachi, Ltd.” |
| Competitor | Siemens | “Key Power segment competitors include Siemens Energy, Mitsubishi Power, Westinghouse, Framatome, and Rolls-Royce.” |
Quoted from the company's 10-K filed Jan 29, 2026.
Companies that name GEV in their SEC reports
| Relationship to GEV | Company | Filing | Sentence |
|---|---|---|---|
| competitor | AVIAT NETWORKS, INC. (AVNW) | 10-K Aug 27, 2026 | “Our principal competitors include business units of large mobile and IP network infrastructure manufacturers such as Ericsson, Huawei, ZTE, Nokia Corporation and GE Vernova, as well as a number of smaller transport and access specialist companies such as Ceragon Networks Ltd. and Cambium Networks Corporation.” |
| supplier | GRAHAM CORP (GHM) | 10-K Jun 8, 2026 | “A representative list of our customers include: 3M, Air Liquide, Anduril, Applied Research Laboratory at Pennsylvania State University, Aramco, Axiom Space, Bechtel Plant Machinery Inc., Blue Origin, Boeing, CERN, China State-owned Refiners, Cummins, Dow Chemical, DuPont, Echogen Power Systems, General Atomics, General Dynamics, GE Vernova, ExxonMobil, Fluor Corporation, Intuitive Machines, Jacobs Engineering Grou…” |
| partner | AirJoule Technologies Corp. (AIRJ) | 10-K Mar 31, 2026 | “"A&R Joint Venture Agreement" are to the Second Amended and Restated Joint Venture Agreement for the AirJoule JV, entered into on April 25, 2025 between us and GE Vernova;” |
| customer | Fermi Inc. (FRMI) | 10-K Mar 30, 2026 | “We have secured and contracted for industrial frame class gas turbines sourced from high quality Siemens Energy and GE Vernova assets, HRSGs and steam turbines for back-end combined cycle equipment, and key transformer, breaker, and power control equipment, intended to support a staged ramp of highly reliable, firm power availability, including grid-supplied capacity, mobile generation, owned gas turbine assets th…” |
| customer | Kenon Holdings Ltd. (KEN) | 20-F Mar 30, 2026 | “an equipment supply agreement with GE Vernova.” |
| partner | Pioneer Bancorp, Inc./MD (PBFS) | 10-K Mar 12, 2026 | “Large employers in the Capital Region include GE Vernova, Regeneron Pharmaceuticals, Inc., GlobalFoundries, Albany Med Health System, St. Peter's Health Partners, Northeast Grocery Inc., Rensselaer Polytechnic Institute and the State of New York.” |
| supplier | BROADWIND, INC. (BWEN) | 10-K Mar 11, 2026 | “Sales to GE Vernova represented greater than 10% of our consolidated revenues for the years ended December 31, 2025 and 2024.” |
| supplier | Arcosa, Inc. (ACA) | 10-K Feb 27, 2026 | “Revenues from GE Vernova, Inc. ("GE Vernova"), a customer in our” |
| competitor | BENTLEY SYSTEMS INC (BSY) | 10-K Feb 26, 2026 | “•our key competitors in asset performance systems include the AVEVA unit of Schneider Electric, Esri, and GE Vernova.” |
| partner | NRG ENERGY, INC. (NRG) | 10-K Feb 24, 2026 | “On February 13, 2025, NRG signed a strategic Project Development Agreement with GE Vernova ("GEV") and Kiewit's subsidiary, TIC, to develop and construct up to 5.4 GW of new gas-fired, combined cycle generation projects.” |
| competitor | CATERPILLAR INC (CAT) | 10-K Feb 13, 2026 | “Other competitors, such as Volvo Penta AB, FPT Industrial SpA (Iveco Group), INNIO Group, GE Vernova Inc., Kawasaki Heavy Industries Ltd., Everllence SE (formerly MAN Energy Solutions SE), Weichai Power Co., Ltd., and other emerging market competitors compete in certain markets in which Caterpillar competes.” |
| customer | Baker Hughes Co (BKR) | 10-K Feb 5, 2026 | “In particular, Baker Hughes has: i) an intellectual property cross-license agreement with GE Aerospace, GE Vernova, and GE HealthCare that allows all parties to have continued rights to commercially utilize certain intellectual property of the other pursuant to the terms of the agreement, ii) a heavy duty gas turbine distribution and supply agreement that licenses certain intellectual property of GE Vernova to Bak…” |
| supplier | GENERAL ELECTRIC CO (GE) | 10-K Jan 29, 2026 | “To support GE Vernova in selling products and services globally, we often entered into contracts on behalf of GE Vernova or issued parent company guarantees or trade finance instruments supporting the performance of what were subsidiary legal entities transacting directly with customers, in addition to providing similar credit support for non-customer related activities of GE Vernova (collectively, "GE Aerospace c…” |
| supplier | Woodward, Inc. (WWD) | 10-K Nov 25, 2025 | “OEM customers with internal capabilities for similar products include Caterpillar, Cummins, GE Vernova, Rolls-Royce Power Systems, Wärtsilä, and Weichai Power.” |
| partner | Tennessee Valley Authority (TVC) | 10-K Nov 13, 2025 | “For example, TVA has entered into a multi-party collaborative arrangement to advance the global development of the GE Vernova Hitachi Nuclear Energy BWRX-300 SMR ("BWRX-300").” |
GEV analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.01 | $4.20 | -4.5% | $12.00B | 15 |
| Next quarter (ends Dec 2026) | $6.44 | $6.33 | +1.7% | $13.96B | 15 |
| Current fiscal year (ends Dec 2026) | $30.42 | $30.74 | -1.0% | $46.32B | 21 |
| Next fiscal year (ends Dec 2027) | $24.44 | $24.85 | -1.6% | $52.92B | 26 |
GEV options: expected move
Options price a move of about ±8.2% (±$68.05) by Oct 30, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±6.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 69.6% | ±8.2% |
| Nov 6, 2026 | 14 | 64.2% | ±10.4% |
| Nov 13, 2026 | 21 | 61.4% | ±12.0% |
| Nov 20, 2026 | 28 | 57.7% | ±13.0% |
| Nov 27, 2026 | 35 | 55.9% | ±14.0% |
| Dec 4, 2026 | 42 | 53.0% | ±15.1% |
| Dec 18, 2026 | 56 | 53.5% | ±16.9% |
| Jan 15, 2027 | 84 | 51.6% | ±19.8% |
30-day implied volatility 57.1% vs 55.4% realized over the last 30 trading days. Put/call ratio (volume) 1.36. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:55 UTC)
| Price | USD 827.42 |
|---|---|
| Change | ▼ 10.64% (down) |
| Previous Close | USD 925.92 |
| Open | USD 896 |
| Day Range | USD 813.26 – 901 |
| 52-Week Range | USD 530.16 – 1,195.94 |
| Volume | 5,818,831 shares |
| Market Cap | $220.37B |
| Exchange | NYQ |
Technical Analysis (GEV)
Nexqual's technical model rates GEV "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:55 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 31.83 (neutral) |
| vs SMA50 | Below (USD 954.22) |
| MACD | -19.2 (negative) |
Analyst Ratings (GEV)
Wall Street analysts rate GEV "Buy" based on 38 analysts, with a mean price target of USD 1,223.98 (range USD 940–1,450), per Nexqual as of October 23, 2026 at 09:55 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 38 |
| Mean Target | USD 1,223.98 |
| High Target | USD 1,450 |
| Low Target | USD 940 |
| Buy / Hold / Sell | 31 / 7 / 0 |
Earnings (GEV)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 4 |
| Revenue Estimate | $12.00B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.47 vs est 3.18 ▼ miss |
| 2026-03-31 | USD 17.44 vs est 2 ▲ beat |
| 2025-12-31 | USD 13.39 vs est 3.22 ▲ beat |
| 2025-09-30 | USD 1.64 vs est 1.86 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Financials & Fundamentals (GEV)
| Total Revenue | $41.37B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +21.90% |
| Gross Margin | +20.57% |
| Operating Margin | +7.47% |
| Profit Margin | +23.04% |
| ROE | +82.58% |
| Debt / Equity | 0.28 |
| Current Ratio | 0.85 |
| Total Cash | $12.72B |
| Total Debt | $3.72B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $12.44B (30.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Financial Health Score (GEV)
Nexqual rates GE Vernova Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:55 UTC.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 21%, operating 7% (last 12 months) |
| Balance Sheet | Solid — $13.1B cash and investments vs $2.85B debt (Jun 2026, SEC), net cash |
| Cash Flow | Strong — FCF $12.4B (last 4 quarters to Jun 2026, SEC), 30% margin |
| Efficiency | Strong — ROE 83%, ROA 2.5% |
Ownership (GEV)
| Insider Ownership | +0.13% |
|---|---|
| Institutional Ownership | +81.55% |
| Shares Outstanding | 266.33M |
| Float | 265.78M |
| Short % of Float | +2.77% |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Leadership (GEV)
GE Vernova Inc. is led by Scott L. Strazik, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:55 UTC.
| CEO, President & Director | Scott L. Strazik |
|---|---|
| Chief Financial Officer | Kenneth S. Parks |
| Vice President of Investor Relations | Michael Jay Lapides |
| Chief Communications Officer & President of GE Vernova Foundation | Kristin Carvell |
Major Backers & Investors (GEV)
Notable institutional backers of GE Vernova Inc. include FMR, LLC, JPMorgan, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 6.06% |
| JPMorgan | 2.35% |
| Morgan Stanley | 2.15% |
| Capital Group | 1.88% |
| Fisher Asset Management, LLC | 1.34% |
| Fidelity | 1.31% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.36% |
| BlackRock | 8.17% |
| State Street | 4.42% |
| Geode Capital | 2.38% |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
From GE Vernova Inc.'s Latest SEC 10-K Filing (filed 2026-01-29)
Key Strengths & Strategy (as disclosed to the SEC)
- We expect to invest approximately $5 billion of cumulative R&D from 2025 through 2028 across our businesses.
- As a global enterprise operating in over 100 countries, we must abide by laws and regulations applicable to entities across many jurisdictions, including those governing antitrust and competition, as well as: ◦Cybersecurity, Data Privacy, and Artificial Intelligence.
- The breadth of our portfolio also enables us to provide an extensive range of technologies and integrated solutions to help advance our customers' energy and sustainability goals.
- To operationalize this commitment, we have built the sustainability governance framework of "the Control Room." The Control Room is led by our Chief Sustainability Officer, who supervises a cross-functional, global team, and chairs our Sustainability Council.
Partnerships
- In connection with certain business activities, an entity of our Financial Services business has registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended (Advisers Act), and another entity has become a registered broker-dealer under the Securities Exchange Act, as amended (Exchange Act), and a Financial Industry Regulatory Authority (FINRA) member firm.
- In Nuclear Power, we have an agreement with a customer for the deployment of small modular nuclear reactor (SMR) technology, making it the first commercial contract of its kind in North America.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ETN | Eaton Corporation, PLC | USD 368.99 | ▼ 6.33% |
| PH | Parker-Hannifin Corporation | USD 893.21 | ▼ 6.78% |
| EMR | Emerson Electric Company | USD 160.29 | ▼ 1.73% |
| ITW | Illinois Tool Works Inc. | USD 279.24 | ▲ 0.88% |
| CMI | Cummins Inc. | USD 519.53 | ▼ 4.18% |
| AME | AMETEK, Inc. | USD 238.82 | ▼ 4.58% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:55 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt