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We're raising our price target on GE Vernova as AI fuels another monster quarter

Cnbc · · 1353 words · By Kevin Stankiewicz
Stock Investment Recommendation Energy Sector Growth Driven by AI
open_in_new Read the original article: https://www.cnbc.com/2026/04/22/were-raising-ge-vernova-price-target-as-ai-fuels…

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Loaded Language 80% confidence
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Repetition 60% confidence
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Glittering Generalities 70% confidence
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fact_checkFact-Check Results

25 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 15
check_circle Corroborated 6
info Single Source 2
help Insufficient Evidence 2
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“Revenue for the three months ending March 31 increased about 16% year over year to $9.34 billion, topping expectations of $9.22 billion, according to LSEG.”
CORROBORATED
Multiple web search results report that revenue for the three months ending March 31 increased about 16% and reached $9.34 billion, exceeding expectations of $9.22 billion, citing LSEG data.
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web search NEUTRAL — GE Vernova is ripping to the upside following a monster quarter, thanks to the insatiable demand for energy fueling the AI boom. Revenue for the three months ending March 31 increased about 16% ...
https://www.cnbc.com/2026/04/22/were-raising-ge-vernova-pric…
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web search NEUTRAL — View earnings report for Ge Vernova (GEV), discover past and present financial results, key metrics, and performance insights for a deeper understanding of the company's financial trends.
https://stockinvest.us/earnings-report/GEV
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web search NEUTRAL — Exelon announced a report from a third-party consultant prepared for Exelon that says that "utility-generated power" could reduce total PJM customer costs by $9.6-$20.0 billion in the 2028-2029 delive…
https://energychoicematters.com/
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“Orders increased 71% organically to $18.3 billion, driven by growth across all segments.”
CORROBORATED
Multiple independent web search results confirm that GE Vernova's orders increased 71% organically to $18.3 billion.
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wikipedia NEUTRAL — General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original…
https://en.wikipedia.org/wiki/GE_Aerospace
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wikipedia NEUTRAL — GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactur…
https://en.wikipedia.org/wiki/GE_Vernova
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wikipedia NEUTRAL — GE Vernova Hitachi Nuclear Energy (GVH) is a provider of advanced reactors and nuclear services. It is headquartered in Wilmington, North Carolina, United States. Established in June 2007, GVH is a nu…
https://en.wikipedia.org/wiki/GE_Vernova_Hitachi_Nuclear_Ene…
+ 3 more evidence sources
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“Earnings per share (EPS) of $17.44; however, this isn't comparable to the $1.86 estimate, given that it includes $4.5 billion in pre-tax M & A net gains, primarily from Prolec GE.”
SINGLE SOURCE
The specific details regarding the $17.44 EPS, the $1.86 estimate, and the inclusion of $4.5 billion in pre-tax M & A net gains from Prolec GE are only mentioned in the context of the provided web search snippets, without corroboration from a second independent source.
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web search NEUTRAL — View earnings report for Ge Vernova (GEV), discover past and present financial results, key metrics, and performance insights for a deeper understanding of the company's financial trends.
https://stockinvest.us/earnings-report/GEV
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web search NEUTRAL — GE Vernova Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. View GEV financial statements in full.
https://www.wsj.com/market-data/quotes/GEV/financials
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web search NEUTRAL — With approximately 25% of the world's electricity generated by our customers using our technologies, GE Vernova is uniquely positioned to lead customers through the energy transition, solving for the …
https://www.gevernova.com/investors
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“LSEG pegs the adjusted EPS result at about $2.08, still better than expected.”
SINGLE SOURCE
The specific estimate of $2.08 for adjusted EPS from LSEG is mentioned across multiple web search results, but without a second independent source confirming this exact figure, it cannot be marked as 'corroborated'.
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web search NEUTRAL — All AI roads lead back to energy demand, and that puts GE Vernova on the ground floor of the Fourth Industrial Revolution.
https://www.cnbc.com/2026/04/22/were-raising-ge-vernova-pric…
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web search NEUTRAL — GE Vernova Inc. (GEV) earnings estimates: forecast for revenue and EPS, high & low, YoY growth, forward PE and number of analysts.
https://seekingalpha.com/symbol/GEV/earnings/estimates
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web search NEUTRAL — See GE Vernova Inc. (GEV) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades.
https://finance.yahoo.com/quote/GEV/analysis/
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“Shares of GE Vernova soared more than 12% on the print, hitting an all-time intraday high of $1,142 shortly after the opening bell.”
CORROBORATED
Multiple web search results report significant stock increases for GE Vernova following positive announcements, including reaching record highs, supporting the claim of a large percentage increase.
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wikipedia NEUTRAL — General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original…
https://en.wikipedia.org/wiki/GE_Aerospace
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wikipedia NEUTRAL — GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactur…
https://en.wikipedia.org/wiki/GE_Vernova
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wikipedia NEUTRAL — GE Vernova Hitachi Nuclear Energy (GVH) is a provider of advanced reactors and nuclear services. It is headquartered in Wilmington, North Carolina, United States. Established in June 2007, GVH is a nu…
https://en.wikipedia.org/wiki/GE_Vernova_Hitachi_Nuclear_Ene…
+ 3 more evidence sources
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“In addition to strong margins, sales, and earnings, GE Vernova delivered robust $13 billion in order growth, swelling its backlog to $163 billion.”
CORROBORATED
Two independent web search results confirm that GE Vernova delivered $13 billion in order growth, bringing the total backlog to $163 billion.
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web search NEUTRAL — Competitors : Siemens Energy , MHI Most recent buy : Oct. 7, 2025 Initiated : May 13, 2025 In addition to strong margins, sales, and earnings, GE Vernova delivered robust $13 billion in order ...
https://www.cnbc.com/2026/04/22/were-raising-ge-vernova-pric…
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web search NEUTRAL — The company added $13 billion to its backlog, taking the total to $163 billion. It now expects the backlog to reach $200 billion by 2027, a year earlier than its previous forecast.
https://www.reuters.com/business/energy/ge-vernova-lifts-ann…
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web search NEUTRAL — GE Vernova delivered solid financial performance in the fourth quarter and full year 2025, driven by strong demand across Power and Electrification and a sharp increase in orders that lifted its backl…
https://greentechlead.com/power/ge-vernova-2025-results-show…
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“Management now expects to achieve a backlog valued at $200 billion by 2027, a year ahead of schedule.”
CORROBORATED
Two independent web search results confirm that management expects the backlog to reach $200 billion by 2027, and that this is a year ahead of schedule.
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web search NEUTRAL — The company added $13 billion to its backlog, taking the total to $163 billion. It now expects the backlog to reach $200 billion by 2027, a year earlier than its previous forecast.
https://www.reuters.com/business/energy/ge-vernova-lifts-ann…
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web search NEUTRAL — Large and growing equipment and services backlog, which is expected to reach approximately $200 billion by year-end 2028. More profitable, recurring Gas Power services revenue beginning in the 2030s.
https://www.gevernova.com/news/press-releases/ge-vernova-rai…
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web search NEUTRAL — Management now expects to achieve a backlog valued at $200 billion by 2027, a year ahead of schedule. In gas power, the backlog stands at 100 gigawatts, up from 83 gigawatts in the prior quarter.
https://www.cnbc.com/2026/04/22/were-raising-ge-vernova-pric…
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“In gas power, the backlog stands at 100 gigawatts, up from 83 gigawatts in the prior quarter.”
CORROBORATED
Two independent web search results confirm that the gas power backlog is 100 gigawatts, up from 83 gigawatts in the prior quarter.
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web search NEUTRAL — He added that the company now expects its combined gas turbine backlog and slot reservation agreements to reach at least 110 gigawatts by the end of 2026, up from 100 GW now. Digging into the segments…
https://www.marketdash.com/stock-market-news/66957/ge-vernov…
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web search NEUTRAL — Management now expects to achieve a backlog valued at $200 billion by 2027, a year ahead of schedule. In gas power, the backlog stands at 100 gigawatts, up from 83 gigawatts in the prior quarter.
https://www.cnbc.com/2026/04/22/were-raising-ge-vernova-pric…
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web search NEUTRAL — CEO Scott Strazik stated that by the end of the quarter, the combined backlog and slot reservation agreements for gas power equipment had increased from 83 GW to 100 GW. The company expects this figur…
https://finance.biggo.com/news/VsrztJ0BDPbb-ItTd2JP
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“Approximately 80% of our total gigawatts under contract are with traditional customers, with the remaining 20% explicitly supporting data centers," CEO Scott Strazik said on the conference call with investors.”
INSUFFICIENT EVIDENCE
No evidence was gathered from any source (web search, cross-reference, or Wikipedia) regarding CEO Scott Strazik's statement about the 80% traditional customer / 20% data center split.
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“Quarter to date, we have booked more power equipment orders in terms of value than we did in all of Q1 2026," he said.”
INSUFFICIENT EVIDENCE
No evidence was gathered from any source (web search, cross-reference, or Wikipedia) regarding the comparison of quarter-to-date power equipment orders versus all of Q1 2026 orders.
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“Strazik noted that on a kilowatt basis, orders in the first half of 2026 are tracking to be priced about 10 to 20 points higher than in the fourth quarter of 2025.”
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“Strazik said the segment is expected to do about $14.5 billion in revenue this year, and that the annual addressable market will grow to about $300 billion by the end of the decade.”
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“The demand for electrification solutions is being driven not just by traditional customers, but also data centers, which accounted for approximately $2.4 billion in orders in Q1, more than the full year of 2025," Strazik said.”
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“In power, revenue increased 10% organic to $4.97 billion, outpacing the $4.95 billion estimate.”
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“In electrification, revenue increased 29% organic to $2.96 billion, beating the $2.87 billion estimate.”
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“In wind, revenue decreased 25% organic to $1.43 billion, missing the $1.52 billion estimate.”
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“The segment delivered an EBITDA margin of -26.7%, down from the -7.9% from a year ago.”
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“For the full year 2026: GE Vernova now expects 2026 revenue of $44.5 billion to $45.5 billion, a $ 0.5 billion increase at both the upper and lower ends of the forecast range, and ahead of the $44.43 billion estimate, according to LSEG.”
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“Management's adjusted EBITDA forecast is now in the range of 12% to 14%, a 1-percentage-point increase on both the low and high ends, bringing the guide right in line with expectations.”
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“Driving the upward revision, management now expects its power EBITDA margin of 17% to 19%, up from the previously forecast 16% to 18% range.”
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“In electrification, the team expects sales of $14 billion and $14.5 billion, up from the prior range of $13.5 billion to $14 billion, with an EBITDA margin of between 18% to 20%, up from the prior 17% to 19%.”
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“For the second quarter: Power business's organic revenue growth of 15% to 17% on the back of stronger demand for both equipment and services.”
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“The segment's EBITDA margin is expected to be 17% to 18%”
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“Electrification revenue of $3.3 billion to $3.5 billion, with "modest sequential EBITDA margin expansion."”
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“Wind revenue to decline mid-teens percentage, with an EBITDA loss of about $200-to-$300 million due to a decrease in onshore wind equipment volumes.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.