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.
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