What Is Driving The Move In GE Vernova Stock?

Shares of GE Vernova (GEV) returned 60.1% over the year to October 8, 2026, easily outpacing the 16.3% return for the S&P 500.

Customers spent those twelve months placing steady orders for gas ...

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Trefis Team Fri, October 9, 2026 at 4:58 PM PDT 3 min read GEV +0.73% ^GSPC -0.02% ETN +0.38% HON -1.12% NEE -0.37% Image from Pixabay Shares of GE Vernova (GEV) returned 60.1% over the year to October 8, 2026, easily outpacing the 16.3% return for the S&P 500.

Customers spent those twelve months placing steady orders for gas turbines and power equipment for data centers .

During that timeframe, on July 22, 2026, management raised its 2026 revenue and free cash flow guidance.

What has that changed at GE Vernova, and what has it not?

When management reported its second quarter of 2026 on July 22, GE Vernova held a backlog of signed but undelivered work totaling $176 billion.

That figure rose $13 billion from the prior quarter, and management said the company is on track to reach $200 billion in 2027.

New orders are arriving at higher prices as well.

Management said gas power equipment orders in the first half of 2026 were priced more than 20% above those of the fourth quarter of 2025.

The company is converting more of those orders into sales each year.

Revenue over the last twelve months grew 13.0%, accelerating from 8.5% growth the year before.

Management now expects 2026 revenue of $45.5 billion to $46.5 billion, representing $1 billion more than it expected before.

GE Vernova's operating margin has climbed as well.