GE Vernova LLC (NYSE:GEV) has set a new record on Wall Street, with its stock reaching an all-time high of $506.33, pushing its market capitalization to approximately $136 billion. The company’s shares have seen extraordinary growth, rising 181% over the past 12 months and gaining 44% in just the last six months. This surge reflects rising investor confidence and the company’s accelerating momentum in the power and electrification sectors.
The climb in GE Vernova’s valuation highlights its successful strategic direction and growing appeal to institutional and retail investors. Its performance signals resilience and a promising future, particularly in the evolving energy infrastructure space.
Recent analyst upgrades have reinforced the bullish sentiment surrounding the stock. BofA Securities lifted its price target for GE Vernova to $550, pointing to stronger-than-expected growth in the Power segment, with a projected 25% compound annual growth rate (CAGR) from 2024 through 2028.
Similarly, BMO Capital Markets revised its price target upward to $522, citing the company’s strong commercial performance, including the addition of over 12 gigawatts of new slot reservation agreements since the start of 2025—likely to drive significant backlog growth.
Credit rating agency S&P Global Ratings recently upgraded GE Vernova’s outlook from stable to positive, reflecting notable improvements in profitability. Adjusted EBITDA margins have risen to 6.4%, with expectations to approach 10% within the next 12 to 24 months.
Other major firms remain bullish as well. Wells Fargo maintained its Overweight rating and a $474 price target, pointing to sustained demand for GE Vernova’s heavy-duty gas turbines, which are already booked out through 2028. JPMorgan also held its Overweight position, spotlighting the high-growth potential of the Electrification segment, particularly within Grid Solutions—touted as the fastest-expanding area of GE Vernova’s portfolio.
JPMorgan analysts expect the Electrification business to outperform guidance for fiscal 2025, supported by increased pricing power and cross-selling opportunities, which could further expand market share.
Taken together, these developments paint a strong picture of GE Vernova’s future prospects as it capitalizes on energy transformation trends and continued demand for next-generation power solutions.