Overview
- Shares are up 34% year to date after touching a record $894.93 on Feb. 25, bringing the 12‑month gain to roughly 160%.
- Rising electricity demand from AI data centers, transport electrification and grid modernization is driving multi‑year growth for power equipment, grid solutions and storage.
- 2025 results showed 34% organic order growth to $59.3 billion, revenue up 9% to $38.1 billion and a total backlog of about $150 billion.
- Profitability improved with $8 billion added in equipment backlog margin dollars, a roughly 50% larger equipment backlog at $64 billion and a six‑point equipment margin gain, with Power margins lifted largely by gas power.
- Q4 delivered $11 billion in revenue (+4% YoY), 65% organic order growth and doubled free cash flow, and the company guided to $44–$45 billion in 2026 revenue, $5–$5.5 billion in FCF and a path to a 20% adjusted EBITDA margin by 2028, alongside plans to double the 2026 dividend and expand buybacks to $10 billion; at least one analyst raised a price target and reiterated a Buy while noting execution and offshore wind risks.