GE Vernova Inc. (GEV)
NYSE · Industrials · analysed October 12, 2026
GE Vernova Inc. is a global energy equipment and services company that operates across three primary segments: Power, Wind, and Electrification. Spun off from General Electric as an independent, publicly traded company in April 2024, its underlying business roots date back over 130 years to GE's original power and grid operations. The company is currently focused on accelerating the global energy transition by expanding power generation and grid capacity, driving decarbonization initiatives, and improving operational profitability and cash flow across its hardware, software, and service portfolio.
Executive summary
GE Vernova occupies a central bottleneck position in global electricity infrastructure, buoyed by multi-year equipment backlogs for natural gas turbines and power transformers driven by utility modernization and artificial intelligence data center load growth1,3,16. The company operates with a robust balance sheet featuring 8.8 billion dollars in cash, minimal leverage, and expanding operational margins1,3. However, after a 71.1% share price advance over the past twelve months that pushed the forward price-to-earnings multiple to 50.08x, market expectations leave little room for execution missteps, while offshore wind warranty liabilities continue to exert a near-term drag1,3.
Sources cited here, 3 of 34
- 1gevernova.com
- 3gevernova.com
- 16gevernova.com
Key figures
- P/E, trailing
- 28.8
- P/E, next 12 months
- 50.1
- Revenue growth, last fiscal year
- 9.0%
- Net margin, last fiscal year
- 12.8%
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