TLDR
- GE Vernova (GEV) shares gained 2.8% Monday to $801.25 after announcing a turbine sales reservation with Maxim Power requiring a nonrefundable 2026 deposit.
- Q4 earnings crushed forecasts with $13.39 EPS beating $2.99 estimates and revenue of $10.96 billion topping $10.21 billion expectations.
- The company’s gas power backlog hit 83 gigawatts with projections to reach 100 gigawatts by year-end, leaving 2029-2030 production nearly sold out.
- Quarterly dividend doubled to $0.50 per share from $0.25, representing a $2.00 annualized payout.
- Shares have jumped 102% over 12 months as AI data center demand fuels an energy boom.
GE Vernova stock advanced 2.8% Monday, finishing at $801.25 following news of a sales reservation agreement with Maxim Power for a 7HA.02 gas turbine.
The Canadian electricity producer must provide a nonrefundable deposit in 2026. Final pricing will be negotiated at a later date.
Shares reached an intraday high of $814.86. Trading volume totaled 3.07 million shares, down 9% from the 3.39 million daily average.
The stock closed the previous session at $779.35. Shares hit a new 52-week high during Monday trading.
Manufacturing Slots Selling Out Through 2030
GE Vernova is running out of available manufacturing capacity for the rest of the decade. CEO Scott Strazik stated on January 28 that some 2029 slots remain but are disappearing quickly.
The company finished 2025 with 83 gigawatts of gas power generation in its backlog. Management forecasts reaching 100 gigawatts by the end of this year.
At that level, both 2029 and 2030 production will be largely sold out based on current projections. GE Vernova is expanding annual production capacity to 20 gigawatts in 2026.
A recent strategic alliance with Xcel included five F-class turbines. Those units weren’t included in the 83 gigawatt backlog reported January 28.
Rising electricity demand from AI data centers has created the surge in orders. Wall Street analysts now project 2030 EBITDA of approximately $17 billion, up from $9 billion estimates a year earlier.
Quarterly Results Blow Past Expectations
GE Vernova delivered a massive Q4 earnings beat on January 28. The company reported $13.39 earnings per share, crushing the $2.99 consensus estimate by $10.40.
Revenue came in at $10.96 billion compared to analyst expectations of $10.21 billion. Net margin reached 12.8% while return on equity hit 46.9%.
Revenue increased 3.8% from the prior year period. The company posted $1.73 EPS in Q4 2024.
GE Vernova doubled its quarterly dividend to $0.50 per share from the previous $0.25. The annualized dividend now stands at $2.00 with a yield around 0.2%.
The payout ratio sits at 11.2%. Shareholders of record as of January 5 received the payment on February 2.
Wall Street Remains Bullish
Analyst sentiment on GE Vernova remains positive. Twenty-two analysts have Buy ratings on the stock, with one Strong Buy, three Hold ratings, and one Sell rating.
The consensus rating is “Moderate Buy” with an average price target of $788.24. BMO Capital Markets holds an Outperform rating with a $785 target as of January 29.
UBS Group maintained its Buy rating on January 29. China Renaissance upgraded the stock to Strong Buy the same day.
JPMorgan Chase reiterated an Overweight rating in December. The company carries a market cap of $216 billion and trades at a P/E ratio of 43.78.
The stock has climbed more than fivefold since separating from GE Aerospace in early 2024. The 50-day moving average is $670.00 while the 200-day moving average sits at $629.55.
The S&P 500 rose 0.5% Monday while the Dow Jones Industrial Average closed flat. Maxim Power stock declined 0.2% and is down 20% over the past year.
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