GE Vernova shareholders earned a 49.2% return over the past year, including dividends. The shares cost $548 at the start of the period and now trade at $833. Third-quarter revenue reached $12.6 billion, up from $10.0 billion a year earlier. Net income rose to $1.3 billion from $452 million, lifting net margin from 4.5% to 10.2%. The company has a backlog near $197 billion and has agreed a $9 billion purchase of Trench Group. Persistent wind losses remain a concern. A bullish view puts fair value at $638, assuming 9.4% revenue growth and margins reaching 12.1%. A bearish view puts it at $280, citing trade protectionism, policy uncertainty, and tariff pressure on wind.

GE Vernova reported third-quarter revenue of $12,642 million and net income of $1,291 million. The company also beat earnings expectations and raised guidance. Its shares closed at $862.25, down 12.8% over 30 days and 15.3% over 90 days. They are still up 26.9% this year, and total shareholder return over one year is 48.7%. A popular narrative on Simply Wall St puts fair value at $1,269.77, implying the stock is 32% undervalued. It rests on surging power demand from AI data centres, electrification, and grid upgrades. A discounted cash flow model disagrees, estimating value at $715.64 and calling the shares overvalued. Risks include deeper offshore wind losses and a slowdown in AI-driven power buildouts.

GE Vernova said on October 28 that it has signed 52 gigawatts of new gas power agreements so far in 2026, lining up work for its largest business. In the third quarter, it signed 11 gigawatts of gas turbine orders and slot reservations against 5 gigawatts shipped. Total gas capacity under contract rose from 116 to 122 gigawatts. Power brought in $19.8 billion of the company's $38.1 billion fiscal 2025 revenue. Management raised its 2026 organic revenue growth forecast for Power to 19% to 21%, from 18% to 20%. Free cash flow reached $5.41 billion in the quarter, against $733 million a year earlier, helped by down payments. The company expects at least 130 gigawatts under contract by year-end, which implies 13 gigawatts or more of new agreements in the fourth quarter. It also agreed to buy Trench Group for $9 billion.