GE Vernova (GEV) Stock Surges 750% Since Launch, Backlog Hits $163B
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGE Vernova (GEV), spun off from General Electric (GE) two years ago, has seen its stock price increase by nearly 750%. As of the first quarter of 2026, the company's backlog reached $163 billion, significantly exceeding its projected revenue of $45.5 billion for 2026. Orders in 2025 grew 34%, driven by a 51% increase in Power orders and a 23% increase in Electrification. Analysts forecast revenue and EPS growth rates of 16% and 24%, respectively, from 2025 to 2028, positioning GEV as a viable investment amidst rising demand in the AI and energy sectors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About GE Aerospace (GE)
GE Aerospace designs and services jet engines for commercial and military aircraft, following General Electric’s breakup into focused companies.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
Earlier GE news
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- GE Vernova (GEV) Target Raised to $1,300 After Strong Quarter
- AI Energy Market: $700 Billion Grab by GE (GE) and Bloom Energy
- GE Healthcare (GEHC) CFO Purchases $200,585 in Company Stock
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