GEV Stock Forecast & Price Target

GE Vernova reported robust performance in its Power segment, with a year-over-year revenue increase of 15%, reaching $4.84 billion, while organically, revenue also climbed by 14%. The significant growth in total orders, which rose approximately 55% year-over-year to $14.6 billion, reflects strong demand particularly in the Power and Electrification segments, underscoring the company's market position. Furthermore, projections for 2030 indicate a potential increase in net EBITDA to around $13.8 billion, driven by anticipated growth in heavy-duty turbine volumes and associated service-related revenue.

The financial outlook for GE Vernova is adversely affected by anticipated EBITDA losses in the wind segment, expected to reach approximately $400 million, significantly higher than previous forecasts. Additionally, despite a year-over-year increase in orders, the wind segment revenue saw a decline of 8.4%, highlighting structural challenges within the market. Moreover, uncertainties surrounding the expiration of ITC/PTC credits for wind by the end of 2027, coupled with risks such as supply chain disruptions and permitting delays, may further hinder the company's growth potential and overall financial performance.