GE Vernova Hits New Highs After Q1 Beat and Higher 2026 Outlook
Rising orders tied to grid upgrades plus data centers signal durable demand, analysts say.
Overview
- GE Vernova shares climbed to record levels after the company topped first‑quarter estimates and raised its 2026 revenue and free‑cash‑flow targets.
- The quarter produced $13 billion in new orders, and management now expects to reach a $200 billion backlog in 2027 instead of 2028.
- Adjusted EBITDA jumped 87% to $896 million, revenue grew 16%, net profit reached $4.75 billion, and free cash flow came in at $4.8 billion.
- Power and Electrification outperformed and offset ongoing weakness in Offshore Wind, according to analysts reviewing the results.
- Wall Street raised targets following the report, including Goldman Sachs, Jefferies, Barclays, TD Cowen, and Argus, while BNP Paribas cut its rating to hold after the stock’s surge.