GE Vernova Stock Surged 100%, Here’s Why
From January 2025 to January 2026, GE Vernova (GEV)’s stock skyrocketed 104%, despite steady revenue and margins. Behind this leap: standout Q4 results, bullish 2026 guidance, and record backlog growth, all overshadowing some setbacks in the wind segment. What’s fueling investor enthusiasm? Let’s dive in.
Below is an analytical breakdown of stock movement into key contributing metrics.
| 1292025 | 1292026 | Change | |
|---|---|---|---|
| Stock Price ($) | 352.4 | 717.4 | 103.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 38,068.0 | � |
| Net Income Margin (%) | � | 12.8% | � |
| P/E Multiple | � | 39.5 | � |
| Shares Outstanding (Mil) | 272.1 | 269.0 | 1.1% |
| Cumulative Contribution | � |
So what is happening here? The stock price surged 104%, yet revenue, net margin, and P/E multiple all stayed flat. With no shifts in fundamentals, let’s explore what’s driving this leap next.
Here Is Why GE Vernova Stock Moved
- Strong Q4 2025 Results: Q4 2025 EPS of $13.39 beat estimates by over $10; revenue of $11B topped forecasts.
- Raised 2026 Guidance: Increased 2026 revenue to $44-45B and free cash flow to $5.0-5.5B.
- Record Backlog Growth: Full-year 2025 orders up 34% to $59B; total backlog reached $150B.
- Improved Free Cash Flow: Full-year 2025 free cash flow more than doubled to $3.7B.
- Wind Segment Losses: Offshore wind stop-work order led to Q4 2025 losses of $225M.
Our Current Assesment Of GEV Stock
Risk: A good way to gauge risk is by checking how much GEV has fallen during major market downturns. It plunged 55% in the Dot-Com crash, 62% during the 2008 financial crisis, and 48% in the 2022 inflation sell-off. Even smaller shocks like 2018 and the Covid crash caused dips north of 20%. This shows that no matter the positives, GEV can still take a serious hit when the broader market sells off.
GEV stock may have seen strong gains recently, but investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. 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.