GE Vernova Falls; Two Key Metrics 'Missed By A Mile'

GE Vernova shares fell despite beating earnings expectations, with Q3 revenue up 27% YoY to $12.64B and EPS up 193% to $4.81. The company raised its full-year outlook and announced a $9B acquisition of Trench Group. Investors may be concerned about slower order growth in 2027, but the company highlights strong demand and backlog growth.

Oppenheimer raised its price target on GE Vernova (NYSE:GEV) to $1,375 from $1,338, citing strong data center power infrastructure management and revenue growth. The company reported Q3 2026 earnings of $4.81 per share, exceeding estimates, and raised its full-year outlook. GEV's stock has returned 57% over the past year, with a market cap of $235.5 billion.

BNP Paribas says GE Vernova (GEV) met Q3 expectations, raising gas turbine guidance to 130 GW. Slot conversions are now key, with 62 GW due by mid-2026. BNP maintains a Neutral rating and $1,090 target, citing rising construction costs and focus on conversion pace.

GE Vernova (GEV) is awaiting payment from Venezuela before repairing the country's power grid, according to CEO Scott Strazik. This follows GEV's Q3 earnings beat and raise. The company has secured contractors and finished engineering work.

GE Vernova (GEV) expects 2026 revenue of $46.5B-$47.5B and free cash flow of $16B-$17B. The company reports $30B in new orders and a backlog expansion to $200B. GEV also announced a $20B buyback plan and a $9B Trench deal.

GE Vernova (GEV) shares fell 3.82% to $860.91 on October 28 after announcing a $9B acquisition of Trench and raising its 2026 free-cash-flow forecast to $16B-$17B, up from $11.5B-$12.5B. Financing will come from cash and debt, with closing expected in late 2027. The company's valuation metrics include a P/E ratio of 24.64 and a P/B ratio of 19.17, according to GuruFocus.