GE Vernova Beats and Raises on Q2 Earnings, but Shares Fall
GE Vernova delivered strong Q2 results and raised its 2026 free cash flow guidance to $11.5–12.5 billion, but GEV shares fell due to its high valuation and profit-taking.
GE Vernova delivered strong Q2 results and raised its 2026 free cash flow guidance to $11.5–12.5 billion, but GEV shares fell due to its high valuation and profit-taking.
GE Vernova beat Q1 results, raised 2026 forecast as AI data centers boost electricity demand; profits, orders, and cash all up.
Trump administration and Northeast governors plan emergency PJM auction forcing tech companies to fund $15B in new power plants for AI data centers, protecting consumers from rising electricity bills.
Jefferies upgrades GE Vernova to Buy, raises price target to $815, citing strong gas turbine pricing and long-term power services growth.
GE Vernova raises earnings outlook to $52B, doubles dividend to 50 cents, and increases share buybacks to $10B as AI-driven electricity demand fuels growth in power equipment sector.
GE Vernova shares jump after landing first international wind turbine upgrade contract with Taiwan Power Company, marking major expansion milestone.