Why Has GE Vernova Stock Surged 68%?

July 18th, 2025 by Trefis Team
GEV: GE Vernova logo
GEV
GE Vernova

GE Vernova (NYSE: GEV) is having a moment. Since debuting as a standalone energy company in early 2024, its stock has skyrocketed nearly 68% year-to-date. That’s not just strong—it’s market-beating, S&P-crushing territory. So, what’s fueling this power-packed run?

At its core, GE Vernova is riding the wave of an energy infrastructure supercycle. With AI data centers, electrification, and grid expansion all booming, someone has to build the backbone—and Vernova’s gas turbines, grid tech, and renewable energy solutions are in the thick of it. The company reported a huge jump in turbine orders, and its backlog is now north of $120 billion. That’s not just busy—that’s booked-out-for-years kind of demand. Add in the AI frenzy, and it’s easy to see why big investors are piling in. While GEV stock has been volatile, if you seek upside with lower volatility than individual stocks, the Trefis High Quality portfolio presents an alternative – having outperformed the S&P 500 and generated returns exceeding 91% since its inception.

When GE split into separate businesses, Vernova was seen as the more industrial, slower-growth sibling. But that view has quickly flipped. The company has cleaned up its balance sheet, improved margins, and shown serious execution under its new management.

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What’s Next?

All eyes are on the Q2 earnings report (due July 23), where expectations are sky-high. If Vernova keeps beating numbers and showing solid profitability, the rally could continue. The AI power boom isn’t going away—and Vernova’s turbines are right at the center of the action.

Not too happy about the volatile nature of GEV stock? The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.

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