EPS Estimate: $1.93 (Up from 91 cents year-over-year)
Revenue Estimate: $9.28 billion (Up from $8.03 billion YoY)
Valuation: P/E of 56.0x (Indicates premium valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with a consensus price target of $848.17. Recent analyst moves include:
JP Morgan: Overweight (Raises target to $1,150 on April 16)
Oppenheimer: Outperform (Raises target to $1,139 on April 16)
Citigroup: Neutral (Raises target to $1,110 on April 13)
Susquehanna analyst Charles Minervino recently raised its price forecast for the company to $1,080. The analyst writes that GE Vernova’s nuclear narrative is building alongside its grid story, with the BWRX-300 seeing construction underway in Canada and regulatory review progressing in the U.S.
That backdrop can matter for the upcoming earnings date as investors look for multi-year demand signals beyond near-term power equipment cycles, says the analyst.
Wind-Turbine Supply Deal
On Monday, the company signed a wind-turbine supply agreement tied to a new Spanish wind farm.
As per the deal, GE Vernova will supply 15 of its 6.1 MW-158m "workhorse" onshore wind turbines for Renovalia's Santa Maria de las Fuentes wind farm in Spain, with the order booked in the fourth quarter of 2025.
The company also pointed to Spain's target of installing 62 GW ...
