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GEV · Analysis updated Nov 10, 2026, 4:48 PM ET
Why is GE Vernova (GEV) stock moving?
GE Vernova gapped down on Nov 10, opening at $755.53 against a prior close of $829.34. It fell as much as 9.6% intraday, to a low of $747, before recovering to close at $797.04, down 3.9%, on 6.2M shares. CNBC tied the drop to SoftBank revising its power equipment procurement plans for U.S. data centers, which added to broader AI-power and data-center demand worries. The Nov 5 low of $750 and the Nov 10 low of $747 now mark a floor that buyers have defended twice. The recovery from the low suggests demand near these levels. Fundamentals are still strong: Q3 orders of $29.3B (up 96% organically), a record $197B backlog, raised 2026 revenue guidance, and a $20B buyback. Forward P/E has compressed to about 34. Consensus is Moderate Buy with a target near $1,144. Risks are an unresolved policy and AI financing outlook, a Sell rating with a $540 target from GLJ, a stock trading below its 200-day average, and uncertainty around the Trench deal. Volatility should stay elevated, with swings of 4-7% a day now common.
News behind the analysis
- GE Vernova dips on revised power strategy from SoftBankGEV fell close to 7% by 10:35 a.m. ET on Nov 10 after SoftBank revised its power equipment procurement plans for data centers.
- GE Vernova (NYSE:GEV) Shares Gap Down - What's Next?The stock opened at $755.53 against a prior close of $829.34 as AI-power stocks retreated. The record $197B backlog and raised 2026 revenue guidance were noted as support.
- Glj Research Reaffirms Sell Rating for GE VernovaGLJ Research kept its Sell rating and $540 target. The consensus rating is Moderate Buy with a target of about $1,144.
- GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a WeekThe three stocks slid on inflation and AI financing worries despite strong Q3 results. GEV's forward P/E has compressed to about 34.
- Vertiv Stock At $200: Is The Power Trade Back?Power names rallied on Monday, with GEV up 7.1%. GEV is down 9.7% since Nov 3 and 29% below its 1-year high.
- GE Vernova Soars 7% as Constellation Raises Guidance, Easing Data-Center Moratorium FearsGEV jumped 7% after Constellation beat Q3 estimates and raised guidance. Q3 orders rose 96% organically to $29.3B.
- GE Vernova continues wind energy expansion in Germany with new order from Stadtwerke Heidenheim AGGE Vernova will supply three 5.5 MW onshore wind turbines (74 MW total fleet) with a 20-year service agreement.
- GE Vernova signs 3-turbine German wind orderDeliveries are set to begin in Aug 2027. It is the sixth project between the two companies.
- GE Vernova Inc. (GEV) Latest Stock News & HeadlinesCoverage covers hydrogen-testing milestones and a $34.5M Louisiana transformer plant expansion. Financing concerns, policy uncertainty and turbine pricing are pressuring the shares.
- GEV Stock Quote Price and ForecastGEV opened at $755.57, $73.77 below its prior close. It trades below its 200-day average.
About GE Vernova Inc.
GE Vernova is the energy business General Electric spun off in 2024. It makes gas turbines, grid and electrification equipment, and wind turbines, and services them, and it has a very large order backlog of about $197 billion as of Q3 2026.
How it makes money
It makes money in three segments. Power (gas turbines, plus nuclear, hydro and steam) is the largest at roughly half of revenue, about $6 billion of the roughly $12.6 billion in Q3 2026. Electrification (grid equipment such as transformers and switchgear, plus power conversion) is the second engine. Wind (onshore and offshore turbines) is still losing money. Long-term service contracts on its large base of installed equipment bring in a big share of steady, higher-margin revenue. Customer down payments and turbine slot reservations also strengthen cash flow.
What usually moves GEV
- Electricity demand from AI data centers
- Gas turbine orders and pricing
- Grid investment and electrification spending
- Wind segment losses and offshore project issues
- Margin expansion and buybacks