Honestly, if you had looked at GE Vernova (GEV) a year ago, you might have seen just another industrial spin-off trying to find its feet. Fast forward to right now, Friday, January 16, 2026, and the vibe has completely shifted. This isn't just a stock; it’s basically becoming the poster child for the "electrification of everything."
As of mid-day trading today, the GEV stock price today per share is hovering around $681.88, marking a massive jump of over 6% in just a few hours. The stock opened at $665.06 and has been pushing toward a session high of nearly $693. Over 3 million shares have already changed hands.
It’s wild.
What is Driving the GEV Stock Price Today Per Share?
The market is reacting to a cocktail of massive infrastructure demand and a pivot in how investors view power companies. You’ve got data centers—driven by the AI boom—screaming for more juice, and GE Vernova is the one selling the "straws" and the "water."
Earlier this month, analyst GLJ Research sent shockwaves through the sector by hiking their price target for GEV to a staggering $1,087. That is not a typo. While most of the Street is sitting in the $700 to $850 range, this ultra-bullish outlook is based on the idea that the company's Power Services business is entering a "pricing golden age."
The Data Center Hunger
Big tech companies—the "hyperscalers"—are basically building cities of servers. They need grid stability and massive amounts of electrical equipment. GE Vernova recently reported a surge in orders for their Electrification segment, with a backlog that has effectively doubled to $60 billion.
When you see the GEV stock price today per share move like this, it’s usually because big institutional players are realized that "boring" power equipment is now "high-growth" tech infrastructure.
Breaking Down the 2026 Outlook
We are currently in a bit of a quiet period before the big Q4 and full-year 2025 earnings call scheduled for January 28, 2026. But the guidance already out there is pretty spicy. For 2026, the company is eyeing:
- Revenue: Projected between $41 billion and $42 billion.
- Profitability: Adjusted EBITDA margins are expected to climb to the 11%-13% range.
- Cash Flow: They are looking at $4.5 billion to $5.0 billion in free cash flow for this year alone.
Management also doubled the quarterly dividend to $0.50 per share, which was just paid out to those holding the stock as of early January. It's a clear signal: they have more cash than they know what to do with, so they’re giving it back while also bumping their share buyback program to $10 billion.
The Wind Segment Headache
It isn't all sunshine and rainbows. The Wind division is still a bit of a mess. It’s expected to lose about $400 million this year. Offshore wind projects are notoriously difficult and expensive, and GEV is still working through some "lumpy" legacy contracts that aren't very profitable. However, the market seems to be ignoring the wind losses because the Gas Power and Electrification segments are performing so well.
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Is the Current Valuation Overheated?
You’ve got to be careful here. At a price-to-earnings (P/E) ratio often crossing 100x, GEV is trading more like a software company than a manufacturer of turbines. Some analysts, like those at Baird, have grown cautious, pointing to a potential oversupply in power capacity down the road.
Basically, you’re paying a premium for the future. If the AI-driven demand for power slows down, or if interest rates stay higher for longer—making those massive infrastructure projects more expensive—the stock could see a sharp correction.
But right now? The momentum is undeniable.
What You Should Do Next
If you are watching the GEV stock price today per share with an itch to buy or sell, keep a close eye on the January 28 earnings report. That will be the moment of truth where we see if the "backlog" is actually turning into "bottom-line profit."
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For long-term holders, the focus should be on the 2028 targets. The company wants to hit $52 billion in revenue by then. If they stay on that track, today’s "expensive" price might look like a bargain in two years.
Actionable Insights:
- Monitor the $731 resistance level: This is the 52-week high. If it breaks that, there's very little "overhead" to stop it from running toward $800.
- Watch the Wind segment's "path to profitability": Any news about narrowing losses in the wind division usually acts as a massive catalyst for the stock.
- Check the "Hyperscaler" news: Keep an eye on announcements from Amazon, Google, or Microsoft regarding their power infrastructure deals; GEV is often the silent partner in those headlines.
The energy transition is no longer a theoretical "green" goal; it's a multi-billion dollar industrial reality. GEV is sitting right in the middle of it.