GE Vernova Analysts Boost Their Forecasts After Strong Q4 Results

GE Vernova Inc. GEV reported worse-than-expected fourth-quarter EPS and revenue on Wednesday.

The company reported revenue growth of 5% year-over-year to $10.559 billion and +9% organically, missing the consensus of $10.78 billion.

The company achieved orders totaling $13.2 billion, reflecting a 22% organic increase, ~1.3 times revenue, driven primarily by Power and Electrification equipment. Earnings per share for the quarter were $1.73, compared to $0.72 a year ago, missing the consensus of $2.55.

"GE Vernova built a strong foundation in 2024 with solid orders and revenue growth, as well as significant margin expansion and cash generation. We saw strength in Power and Electrification and improvement in Wind, while growing our equipment backlog at better margins," stated GE Vernova CEO Scott Strazik.

GE Vernova reaffirms its 2025 outlook with $36 billion – $37 billion in revenue versus a consensus of $36.88 billion, a high single-digit adjusted EBITDA margin, and $2 billion – $2.5 billion in free cash flow.

GE Vernova shares gained 2.7% to close at $427.10 on Wednesday.

These analysts made changes to their price targets on GE Vernova following earnings announcement.

• JP Morgan analyst Mark Strouse maintained GE Vernova with an Overweight and raised the price target from $374 to $436.
• Barclays analyst Julian Mitchell maintained the stock with an Overweight and raised the price target from $420 to $487.

Considering buying GEV stock? Here’s what analysts think:

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