GEV
GE Vernova Inc.

GE Vernova Inc.GEV

Industrials · Specialty Industrial Machinery
774.11USD
+0.47%
Nov 08, 2026
GEV overview ready
Supplier of Dispatchable Power Equipment and Grid Infrastructure for Large Loads
GE Vernova is a power-infrastructure equipment and service supplier: its Power business supplies heavy-duty and aeroderivative gas turbines, steam and nuclear technologies and long-term service, while Electrification supplies grid equipment and power-conversion systems.
Primary theme is lagging
Power / Grid is lagging (-16.9pp vs SPY over 21 sessions; 8 of 32 members ahead of SPY).
Price trend is broken
Longer-term context reads new trend, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Project execution delays.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 21

Conviction Level

PriceAction3.4BusinessPerformance9.0BusinessQuality5.9Valuation7.5ThemeMomentum1.0Accelerating — Revenue growth has accelerated across 4 consecutive quarters, rising from +3.8% to +27% year over year. Diluted EPS is up 193% year over year at $4.81. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Power / GridLagging
vs SPY
−16.9pp
Theme return
−21.9%
Beating SPY
8 of 32
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads new trend, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$204.9B
Avg Volume (60D)
2.9M
60 sessions
Revenue Growth YoY
+9.0%
FY2025 vs FY2024
Gross Margin
+21.7%
Trailing twelve months
Operating Margin
+6.4%
Trailing twelve months
Free Cash Flow Yield
+8.4%
Distance from 200DMA
-18.3%
Next Earnings
2027-01-27
P/E
19.8x
EV / Sales
4.3x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Accelerating

Revenue growth has accelerated across 4 consecutive quarters, rising from +3.8% to +27% year over year. Diluted EPS is up 193% year over year at $4.81.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+27%
$12.6B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +3.8%
  2. +16%
  3. +22%
  4. +27%
Earnings growthGrowing
+193%
Diluted EPS $4.81 vs $1.64 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +674%
  2. +1817%
  3. +33%
  4. +193%
Operating marginExpanding
11.0%
+7.4 pp YoY · gross margin 24.6% (+5.5 pp)

Business Quality

5.9 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads cheap.
GE Vernova Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

What changed

Company Research

Thesis
GE Vernova is a power-infrastructure equipment and service supplier: its Power business supplies heavy-duty and aeroderivative gas turbines, steam and nuclear technologies and long-term service, while Electrification supplies grid equipment and power-conversion systems.
Opportunity
Moderate opportunity
Large-load owner spending to accelerate reliable power availability ahead of or alongside grid upgrades.
Key risk
Project execution delays.

Economic classification

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Business & Markets

Industrials · Specialty Industrial Machinery
What they do

GE Vernova Inc. designs, manufactures, and services energy generation and grid infrastructure equipment, operating through Power, Wind, and Electrification segments across multiple global regions.

How it earns

Primarily project-based sales and long-term service contracts for energy equipment and infrastructure solutions.

Products & services
Gas turbines
Nuclear technologies
Hydro and steam technologies
Onshore and offshore wind turbines and blades
Large power transformers
Grid equipment
Power-conversion systems
Customers & end markets
Industrial customers
Government entities
Large-load power users
Market position

Leader in heavy-duty power generation equipment and grid infrastructure solutions.

Demand drivers
Medium cyclicality

Business is influenced by capital spending cycles in energy infrastructure and government budgets.

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