GE Vernova Landed 5 Grid Equipment Reservations From Venture Global. Here’s Where the Stock Could Go by 2030

Target Price (Mid): ~$3,400Street Target: ~$1,224Potential Total Return: ~267%Annualized IRR: ~36% / yearWhat Happened?GE Vernova (GEV) closed at $926.

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Here’s Where the Stock Could Go by 2030 Wiltone Asuncion Fri, October 16, 2026 at 1:50 PM PDT 4 min read GEV -0.57% VG +1.76% BKR +2.39% GE Vernova Landed 5 Grid Equipment Reservations From Venture Global.

Here's Where the Stock Could Go by 2030 ©@Ali Raza via Canva, @Tromp Willem van Urk via Canva Key Stats for GE Vernova Stock Current Price: $926.44 GE Vernova (GEV) closed at $926.44 on October 15, 2026, 21.14% below its June 30 record close of $1,174.86 but still up about 42% in 2026.

JPMorgan and Susquehanna trimmed their price targets on October 9 and October 14 and kept positive ratings.

Most of the debate is about gas turbines.

CEO and President Scott Strazik told Morgan Stanley's Laguna conference on September 16 that Electrification backlog has grown to $45 billion from $6 billion at the end of 2021.

Third-quarter results arrive October 28, according to GE Vernova's investor relations materials.

Venture Global (VG) announced its agreements with GE Vernova and Baker Hughes (BKR) on October 15.

Its 8-K describes two deals, both signed October 9: Grid agreement: GE Grid Solutions, part of GE Vernova's Electrification segment, will supply transformers and gas-insulated switchgear for up to 21 power island projects.

Five equipment packages are reserved, with purchase orders starting in late 2026.

Power agreement: Venture Global expects to order its first power island by the end of 2026.

Eight more are reserved with GE Vernova, with orders expected from early 2027.

Beyond reservation fees, neither agreement binds anyone to the rest.

The roughly $17.2 billion total assumes every order proceeds, and the split between the two agreements is not disclosed.

GE Vernova bought the remaining 50% of Prolec GE on February 2, 2026.

Strazik said there is "even more opportunity to fulfill within the existing footprint than I anticipated prior to close." He expects 2028 financials "to be materially better than the incremental revenue and margin than we projected in October," when the deal was announced in 2025.