GE Vernova’s shares surged over 15% to a new all-time high after the power equipment maker reported strong quarterly results, exceeding analyst expectations. Revenue for the three months ended June 30 increased 11% year-over-year to $9.11 billion, driven by strong demand for power and electrification solutions.
CEO Scott Strazik attributed the growth to “accelerated electrification” driving investments in reliable power, grid infrastructure, and decarbonization solutions. The company’s electrification equipment backlog increased by $2 billion, with strong demand coming from Europe, North America, and Asia.
Data center electrification demand remains steady, with nearly $500 million in orders for the first half of 2025. GE Vernova’s combined equipment and services backlog expanded to nearly $129 billion, up 11% from a year ago.
The company raised its guidance for revenue, EBITDA margin, and free cash flow, expecting revenue to range between $36 to $37 billion with an EBITDA margin of 8-9%. With no debt and positive cash flows, GE Vernova is well-positioned to return cash to shareholders while investing in future growth.
Analysts have increased their price target to $700 from $550, citing the company’s strong order growth and robust EBITDA margin expansion. However, they will wait for a pullback before adding to their positions due to the stock’s massive run on Wednesday.
Source: https://www.cnbc.com/2025/07/23/were-raising-price-target-on-ge-vernova-by-150-after-blowout-earnings-.html