32 stories mentioning GEV
Every FINWIRES story that references GEV, newest first.
GE Vernova (GEV) has an average rating of overweight and mean price target of $1,241.32, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $906.30, Change: $+39.20, Percent Change: +4.52%
Victor Abate, Chief Executive Officer, Wind, on June 01, 2026, sold 4,819 shares in GE Vernova (GEV) for $4,568,798. Following the Form 4 filing with the SEC, Abate has control over a total of 1,863 common shares of the company, with 1,835 shares held directly and 28 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1996810/000199681026000134/xslF345X05/wk-form4_1780524690.xml
A Massachusetts judge has refused to release GE Vernova (GEV) from its contractual work on a $4.5 billion wind farm in New England, saying it should instead raise its dispute with developer Vineyard Wind to arbitration.Suffolk County Superior Court Judge Peter Krupp noted that nothing had materially changed since he had passed the injunction in April, allowing Vineyard Wind to pursue its legal dispute in court for immediate relief.Vineyard Wind, a joint venture between Spain's Iberdrola and Denmark's Copenhagen Infrastructure Partners, had sued GE Vernova after the company had issued a notice threatening to terminate its agreement due to non-payment of $360 million.The company had argued that GE Vernova's decision to exit its 62-turbine, 806-megawatt project would threaten its commercial viability.In his judgment, Krupp noted that the project relied on GE's "expertise and proprietary know-how to bring the turbines up to operational capacity," thus putting it in jeopardy if the company, its employees, and subcontractors decided to walk out abruptly.Vineyard Wind had argued that it was entitled to withhold payments from GE Vernova after one of its turbine blades collapsed and fell into the waters of Nantucket in 2024.
Matthew Joseph Potvin, Chief Accounting Officer, on May 14, 2026, sold 2,333 shares in GE Vernova (GEV) for $2,470,857. Following the Form 4 filing with the SEC, Potvin has control over a total of 3,549 common shares of the company, with 3,549 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1996810/000199681026000095/xslF345X05/wk-form4_1779145297.xml
Europe's offshore wind expansion ambition are running up against turbine supply constraints as well as rising prices in a market increasingly reliant on a concentrated group of manufacturers, Rystad Energy said on Wednesday.Siemens Gamesa and Vestas products are basically the only product options available to European developers since GE Vernova (GEV) paused new order intake due to operational setbacks, Rystad said.Rystad has found that turbine selling prices have risen between 40% and 45% since 2020, well in excess of manufacturing cost increases of 20% to 25% since then.The manufacturing cost increases come down to the turbines' most technically complex components such as the nacelle that contained the generator, gearbox and power electronics. There are also growing pressures within blade manufacturing, Rystad's research notes.Rystad said the result of the equipment supply bottleneck is that progress on deployment of this form of renewable power is now at least as much decided by equipment availability as it is down to political ambition.The research said that high demand, a limited supplier base and the growing complexity of turbines means that manufacturers have "real pricing power and the ability to be selective about which projects get built."Rystad concluded that Europe needed to expand manufacturing capacity or find workarounds to this set of problems otherwise it will face missing its 2030 targets for renewable energy and pay more for capacity it does install.The note says that larger 14 megawatt to 15 MW turbines have been dominant among recent deliveries to offshore projects, eclipsing those of 9-10 MW capacity.Rystad's research shone a light on a less evident trend beyond component costs, highlighting that some of their price hikes are reactionary, after manufacturers got somewhat burned by fixed-price supply contracts entered into immediately before a period of higher inflation.In a seller's market, manufacturers no longer feel pressure to assume such risks through that contract model and are passing more of future cost increases on to developers, Rystad said.
Energy stocks were rising late Tuesday afternoon, with the NYSE Energy Sector Index adding 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.The Philadelphia Oil Service Sector Index was decreasing 0.5%, and the Dow Jones US Utilities Index was up 0.1%.Crude oil futures slumped after Defense Secretary Pete Hegseth said the ceasefire agreement with Iran remains in force. Hegseth, speaking at a Tuesday morning press conference, said the Iran ceasefire remains in effect while promising to continue to press ahead with opening the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.Front-month West Texas Intermediate crude oil declined 3.5% to $102.69 a barrel, and the global benchmark Brent crude contract dropped 3.8% to $110.11 a barrel. Henry Hub natural gas futures fell 3.5% to $2.77 per 1 million BTU.In corporate news, Shell (SHEL) and Ineos Energy have agreed to jointly invest in oil and gas exploration and development opportunities in the Gulf of Mexico, Ineos Energy said. Shell shares rose 0.5%.Diamondback Energy (FANG) said operators may add 20 to 30 oil rigs in the US Permian Basin this year as elevated crude prices and supply disruptions tied to the Middle East conflict support higher activity. Diamondback shares were down 3.2%.GE Vernova (GEV) and Blue Energy are planning to develop a 2.5 gigawatt power facility in Texas that will combine nuclear and natural gas, the companies said Tuesday. GE Vernova shares added 2%.Enlight Renewable Energy (ENLT) shares climbed 2.8% after it reported higher-than-expected Q1 earnings and revenue.
Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.The Philadelphia Oil Service Sector Index was decreasing 0.4%, and the Dow Jones US Utilities Index was adding 0.8%.Crude oil futures slumped after Defense Secretary Pete Hegseth said the ceasefire agreement with Iran remains in force. Hegseth, speaking at a Tuesday morning press conference, said the Iran ceasefire remains in effect while promising to continue to press ahead with opening the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.Front-month West Texas Intermediate crude oil was declining 4.3% to $101.80 a barrel, and the global benchmark Brent crude contract was dropping 3.9% to $110.03 a barrel. Henry Hub natural gas futures fell 2.5% to $2.80 per 1 million BTU.In corporate news, Marathon Petroleum (MPC) shares gained 1.8% after its Q1 adjusted earnings and revenue rose year on year and beat analysts' estimates.GE Vernova (GEV) and Blue Energy are planning to develop a 2.5 gigawatt power facility in Texas that will combine nuclear and natural gas, the companies said Tuesday. GE Vernova shares added 2.6%.Enlight Renewable Energy (ENLT) shares climbed 3.5% after it reported higher-than-expected Q1 earnings and revenue.
GE Vernova (GEV) and Blue Energy are planning to develop a 2.5 gigawatt power facility in Texas that will combine nuclear and natural gas, the companies said Tuesday.The plan incorporates GE Vernova Hitachi Nuclear Energy's small modular reactor and two GE Vernova 7HA.02 gas turbines, the companies said. A final investment decision is expected in 2027 and the gas turbines are expected to be delivered in 2029.Blue Energy could begin preliminary site work on the project this year and submit an application to the US Nuclear Regulatory Commission for a construction permit in 2027, the companies said.Financial terms were not disclosed.Price: $1104.33, Change: $+30.38, Percent Change: +2.83%
GE Vernova (GEV) has won an order from India's Megha Engineering and Infrastructures Limited to supply nine 150-megawatt pumped-storage units for the 1.35-gigawatt Upper Sileru hydropower project in Andhra Pradesh, it said in a Monday statement.The project is scheduled for completion in 2030, with the facility set to rank among India's largest pumped-storage plants. It is expected to provide electricity equivalent to the annual consumption of roughly 3 million homes.The project aims to support grid stability by storing excess renewable energy and balancing variable solar and wind generation.GE Vernova's contract covers design, engineering, manufacturing, testing, delivery, and commissioning support for the nine vertical Francis reversible units and associated control systems.The award marks the companies' second collaboration, following GE Vernova's ongoing delivery of four 125-MW pumped-storage units for the Kundah hydropower project.Pumped storage acts as large-scale energy storage, enabling rapid switching between pumping and generation to manage peak demand and frequency. GE Vernova said it holds about 30% of the global installed pumped-storage base and is developing over 3 GW of projects worldwide.Price: $1073.06, Change: $+10.11, Percent Change: +0.95%
Venezuela's $100 billion grid rebuild push faces setbacks as firms question payments, with under 13,000 megawatts available from a capacity of 36,000 MW, Reuters reported Monday, citing two sources involved in talks.Executives from Siemens Energy and GE Vernova (GEV) raised payment concerns during April meetings in Caracas, prompting financiers to be cautious about supporting grid upgrades.Those concerns weakened confidence in Venezuela's effort to revive infrastructure under a $100 billion reconstruction plan backed by Washington.Interim President Delcy Rodriguez is prioritizing reliable electricity after taking office in January, but the government has not secured firm payment guarantees for contractors.An executive who attended the Caracas meeting said a decade of neglected plants created massive repair needs, while authorities still lack a clear payment mechanism for suppliers.Available generation remains below 40%, driving repeated outages and restricting industrial output nationwide, according to the report.Thermal plant expansion through 2013 under Hugo Chavez left billions of dollars unpaid to contractors, many of whom authorities are now urging to return.Unclear project priorities, equipment needs, and approval requirements from both Washington and Caracas continue to delay investment decisions, the report added, citing the sources.Venezuela operates less than 13,000 MW from a total installed capacity of 36,000 MW, with fuel-based plants accounting for about 2,500 MW, or roughly 13% of capacity.Rodriguez is targeting repairs at two major thermal plants in early phases, though officials have yet to outline a broader recovery strategy.Multinational companies remain cautious about returning to Venezuela after past disputes during the Hugo Chavez era, when unpaid contracts eroded trust and discouraged future engagement.Several firms that did not receive cash payments pursued arbitration or filed legal claims abroad after accepting promissory notes, which they later sold at steep discounts.Rodriguez's government turned down a proposal from foreign firms that requested upfront payments for repairs and spare parts, while some financiers proposed routing payments through US Treasury-supervised oil revenue accounts, the report added, citing sources.has reached out to Siemens Energy, GE Vernova and PDVSA for any comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1081.26, Change: $+18.31, Percent Change: +1.72%
GE Vernova (GEV) has an average rating of overweight and mean price target of $1,190.40, according to analysts polled by FactSet.Price: $1068.97, Change: $-19.97, Percent Change: -1.83%
GE Vernova (GEV) has an average rating of overweight and mean price target of $1,179.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
GE Vernova (GEV) has an average rating of overweight and mean price target of $1,150.58, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1153.79, Change: $+4.26, Percent Change: +0.37%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Following GEV's stellar Q1 performance, we raise our 12-month target to $1,350 from $1,000, valuing shares at 56x our 2027 EPS outlook of $24.10 (revised from $23.36; 2026 EPS estimate updated to $15.48 from $14.50). While the multiple is a premium when compared to the broader market, GEV has traded near 55x on average since it went public as an independent company. Growth assumptions looking across 2026 and toward 2027 continue to rise along with better-than-anticipated quarterly results, as pricing, volumes, and order flows impress. In Q1, GEV experienced a massive 71% organic increase in orders to $18.3 billion, expanding its total backlog to $163 billion. Momentum was largely propelled by accelerating demand for gas turbines and grid solutions, with Electrification orders for data centers in Q1 alone surpassing the total for all of 2025. Robust Q1 results led to a lift for full-year guidance for revenue, EBITDA margin, and free cash flow.
GE Vernova (GEV) continues to benefit from strong demand, a wider customer base, better pricing, software gains, rising cash flow, and buybacks, Oppenheimer said in a note Thursday.The brokerage said Q1 orders of $18.3 billion came in well above its $13.5 billion estimate, showing demand remains strong and broad across customers and regions, and the company's integrated offerings are helping it win more business, especially in electrification, where data center orders in the quarter moved ahead of all of fiscal 2025.GE Vernova's software business at both the product and operating levels still looks undervalued and could help margins beat forecasts, while strong cash generation and ongoing stock buybacks should continue to support the shares, according to the note.Management's steady price increases and focus on efficiency should support earnings, the brokerage said, noting that the company raised its fiscal 2026 revenue, margin, and free cash flow guidance.Oppenheimer kept its outperform rating on the stock and raised its price target to $1,303 from $1,139.Shares of GE Vernova were up 2.6% in Thursday trading.Price: $1157.05, Change: $+29.49, Percent Change: +2.62%
GE Vernova's (GEV) Q1 results were above consensus estimates on all metrics as strong gas and electrification demand backed backlog acceleration and higher prices, Morgan Stanley said in a note Thursday."Margin outperformance was driven by pricing, volume and productivity and as a result the company raised full-year guidance," the note said.The 21 gigawatts of new gas contracts "met bullish investor expectations" and are near the company's Q4 record of 24 gigawatts, the note said, adding GE Vernova's orders are extending out and are fully booked further than expected.Meanwhile, electrification orders for data centers are also higher than 2025 levels in just one quarter, while Prolec's backlog rose $1 billion, or 25%, since the Q3 2025 acquisition announcement, the investment firm said.Morgan Stanley raised GE Vernova's price target to $1,250 from $960 and kept the company's overweight rating.Price: $1142.07, Change: $+14.51, Percent Change: +1.29%
GE Vernova (GEV) has an average rating of overweight and mean price target of $1,089.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1152.88, Change: $+25.32, Percent Change: +2.25%
GE Vernova (GEV) has an average rating of overweight and mean price target of $1,089.45, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $1155.61, Change: $+28.05, Percent Change: +2.49%
US equity indexes jumped on Wednesday, with the Nasdaq Composite hitting an all-time high, following an extension of the Iran ceasefire agreement and strong quarterly earnings.The Nasdaq Composite jumped 1.6% to 24,657.57, with the S&P 500 up 1.1% at 7,137.90 and the Dow Jones Industrial Average 0.7% higher at 49,490.03. All sectors except real estate, utilities, industrials, and financials rose. Technology, energy, and communication services led the gainers.The ceasefire extension will last for only three to five days, Fox News reported Wednesday, citing a White House official. The US blockade of the Middle East nation's ports remains in force. Iran has made lifting the blockade a key demand for resuming negotiations to end the war and for allowing marine traffic to transit through the Strait of Hormuz, the chokepoint for 20% of global crude oil flows.Meanwhile, Iran's Revolutionary Guard Corps seized two ships in the Strait of Hormuz, CNN reported, citing the IRGC. The IRGC targeted a third vessel that is "now disabled off Iran's coast," CNN cited Iranian media.West Texas Intermediate crude oil futures Jumped 3.1% to $92.45, and Brent crude futures advanced 2.9% to $101.34.Meanwhile, as the Q1 earnings season unfolds, about 85% of S&P 500 companies that have reported this quarter beat expectations, The Wall Street Journal cited data compiled by FactSet.On Wednesday, GE Vernova (GEV) posted higher Q1 earnings and revenue, and raised its annual revenue forecast range. Shares rose 14%, the biggest gainer on the S&P 500.Boeing's (BA) Q1 loss unexpectedly narrowed as commercial aircraft deliveries rose, while the plane maker reported a smaller cash burn year over year. Shares advanced 5.5%, leading the Dow.Booking Holdings (BKNG) is under investigation for allegedly using deceptive marketing tactics to promote its premium accommodation programs, the Italian Competition Authority said Wednesday. Shares slumped 6%, the steepest decline on the Nasdaq.After the bell on Wednesday, Tesla (TSLA) reported Q1 adjusted earnings of $0.41 per diluted share, up from $0.27 a year earlier. Analysts polled by FactSet expected $0.36. Revenue for the quarter was $22.39 billion, up from $19.34 billion a year earlier. Analysts surveyed by FactSet expected $22.1 billion. Shares of the electric vehicle manufacturer were up 3.7% in after-hours activity.In fixed income, most US Treasury yields rose, with the 10-year up 1.5 basis points to 4.31% and the two-year higher by 2.5 basis points to 3.8%.On Tuesday, Kevin Warsh, in a confirmation hearing at the Senate for the chair of the Federal Reserve, defended the central bank's independence while signaling a different policy approach to interest rates, guidance, and the balance sheet, according to a Wednesday note from SocGen.In precious metals, gold futures rose 0.8% to $4,758.2, and silver futures advanced 1.6% to $77.71.
Energy stocks gained Wednesday with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index climbed 1.8%, and the Dow Jones US Utilities Index shed 0.2%.Crude prices rose as Iran said it seized two container ships in the Strait of Hormuz, indicating heightened tensions even as President Donald Trump extended a ceasefire with Tehran.West Texas Intermediate crude oil rose 3.3% to $92.60 a barrel, and global benchmark Brent advanced 3.2% to $101.63 a barrel. Henry Hub natural gas futures gained 0.6% to $2.71 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 2.2 million barrels in the week ended Friday following a decrease of 5.1 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 1.9 million after a drop of 900,000 in the previous week, compared with a decrease of 2 million expected in a survey compiled by Bloomberg.In corporate news, GE Vernova (GEV) shares jumped 14% after the company reported a jump in Q1 earnings and revenue and raised its annual sales forecast.Exxon Mobil (XOM) is considering a sale of its Esso-branded gasoline station network in Hong Kong, with the assets valued at $500 million to $600 million, Bloomberg reported. Exxon shares added 0.7%.Spire (SR) agreed to sell its Mississippi local gas distribution business to Delta Utilities, which is backed by Bernhard Capital Partners, for $75 million. Spire shares fell 0.7%.The US Supreme Court on Wednesday rejected Enbridge's (ENB) motion to move a lawsuit seeking to halt the company's operation of the Line 5 pipeline from Michigan state court to federal court. Enbridge shares fell 0.1%.
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