GEV
GEV Stock Edges Higher Overnight: Growing Backlog Shows 'AI Data Centers Cannot Wait For The Grid,' Says Strategist
Article Summary
HOLD- GE Vernova Inc. (GEV) shares edged higher overnight after reversing a decline of more than 8% at close, its steepest fall this year, following Q2 earnings results that topped revenue estimates and raised full-year 2026 revenue guidance but earnings per share missed expectations.
- The energy equipment and services company said its total backlog grew to more than $176 billion, a 37% year-on-year increase, with backlog on track to grow to $200 by 2027, driven by growth in equipment orders more than doubled and a 15% increase in service orders.
- Total orders grew 88%, led by the power and electrification segments, with the long-cycle electric power industry in the early stages of multi-decade growth opportunity, with gas turbines offering one of the fastest paths to dispatchable power in a market served by only three global suppliers.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 12.9% | 25% | 50.0 ptsMeets Minimum (12.9%) - Passes screener |
| EPS Growth Next 5Y ? | 24.7% | 25% | 70.0 ptsGood (24.7%) - Solid outlook |
| Target Price Upside ? | 24.1% | 20% | 70.0 ptsGood Upside (24.1%) - Target: $1234.68 vs Current: $995.00 |
| Gross Margin % ? | 20.2% | 15% | 40.0 ptsModerate (20.2%) - Adequate margins |
| Drawdown from 52-Wk High ? | -16.8% | 15% | 40.0 ptsMild Pullback (-16.8%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About GEV
- GE Vernova Inc., an energy company, engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa.
- The company operates through three segments: Power, Wind, and Electrification.
- The Power segment designs, manufactures, and services gas, nuclear, hydro, and steam technologies.
- It serves industrial, government, and other customers.
- The Wind segment offers wind generation technologies, including onshore and offshore wind turbines and blades.
- The Electrification segment provides grid solutions; power conversion; electrification software; and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption.
- The company was incorporated in 2023 and is headquartered in Cambridge, Massachusetts.