Erste Group Bank Decreases Earnings Estimates for GE Vernova

GE Vernova Inc. (NYSE:GEV) – Equities research analysts at Erste Group Bank cut their FY2027 EPS estimates for GE Vernova in a note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings per share of $24.64 for the year, down from their previous estimate of $24.73. The consensus estimate for GE Vernova’s current full-year earnings is $15.46 per share.

A number of other equities analysts also recently weighed in on the stock. Oppenheimer upped their price target on shares of GE Vernova from $1,303.00 to $1,338.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on GE Vernova from $1,302.00 to $1,330.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of GE Vernova in a research report on Tuesday, July 21st. Mizuho boosted their target price on GE Vernova from $913.00 to $949.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Wall Street Zen lowered GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,133.15.

GE Vernova Stock Down 1.6%

GEV stock opened at $897.30 on Tuesday. GE Vernova has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a quick ratio of 0.62, a current ratio of 0.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $238.98 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 3.28 and a beta of 1.21. The company has a 50 day moving average of $1,027.25 and a two-hundred day moving average of $976.33.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.70). The company had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.79 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 earnings per share.

Institutional Trading of GE Vernova

Large investors have recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG raised its stake in shares of GE Vernova by 37.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company’s stock valued at $27,116,000 after acquiring an additional 6,313 shares in the last quarter. World Investment Advisors lifted its holdings in GE Vernova by 19.9% in the 4th quarter. World Investment Advisors now owns 13,497 shares of the company’s stock worth $8,821,000 after purchasing an additional 2,241 shares during the last quarter. RiverFront Investment Group LLC boosted its position in GE Vernova by 239.2% during the fourth quarter. RiverFront Investment Group LLC now owns 2,191 shares of the company’s stock worth $1,432,000 after purchasing an additional 1,545 shares during the period. Citizens Financial Group Inc. RI bought a new stake in GE Vernova during the second quarter worth approximately $8,337,000. Finally, Morse Asset Management Inc grew its holdings in GE Vernova by 25.8% during the fourth quarter. Morse Asset Management Inc now owns 4,645 shares of the company’s stock valued at $3,036,000 after purchasing an additional 952 shares during the last quarter.

Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Potential Venezuela agreements could create new project opportunities. GE Vernova is reportedly among the companies preparing to finalize energy agreements in Venezuela. The country’s amended hydrocarbons law could give foreign participants greater flexibility to operate and expand projects, although execution and political risks remain. Firms including Chevron, ONGC, GE Vernova on track to sign final pacts in Venezuela
• Positive Sentiment: Steam-turbine aftermarket growth supports GE Vernova’s services business. The global market is projected to expand from $12.5 billion in 2025 to $16.02 billion by 2031, driven by aging power fleets, life-extension programs and maintenance demand. GE Vernova could benefit from its installed base and recurring parts and service revenue. Global Steam Turbine Aftermarket Market to Reach USD 16.02 Billion by 2031
• Neutral Sentiment: New CFO appointment introduces a leadership transition. GE Vernova reportedly selected Rivian executive Claire McDonough as its next chief financial officer. Investors will likely watch for details on her priorities, financial controls and capital-allocation strategy. GE Vernova Taps Rivian’s Claire McDonough as New CFO
• Negative Sentiment: Speculation about SpaceX competition is weighing on sentiment. Reports suggest SpaceX may pose a new threat to GE Vernova, though neither company has commented and the nature of the potential competition remains unclear. The uncertainty is contributing to selling pressure. GE Vernova Stock Drops. Is SpaceX Coming for Them Too?
• Negative Sentiment: Recent weakness reflects broader sector selling and valuation concerns. GEV’s decline has extended a pullback affecting some power-infrastructure peers. With the stock trading below its short- and long-term moving averages and its latest quarterly EPS below expectations, investors may be taking profits despite strong revenue growth. GE Vernova Slides, Vertiv Holdings and Eaton Sit Out the Selloff

GE Vernova Company Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.