GE Vernova Stock Rises as Earnings Top Estimates

GE Vernova (GEV) shares climbed Wednesday after the company reported better second-quarter results than analysts had expected.

The former General Electric division posted earnings per share of $1.86 on revenue that rose 11% year-over-year to $9.11 billion, above analysts’ estimates compiled by Visible Alpha.

Shares of were up more than 4% in premarket trading shortly after the results were released. They entered the day up nearly 70% since the start of this year.

Looking ahead, the company said it expects full-year revenue to come in towards the higher end of the $36 billion to $37 billion range it laid out earlier this year, while also lifting its adjusted EBITDA margin and free cash flow estimates.

Last quarter, GE Vernova topped estimates, though the company warned it expected tariffs and inflation to cause a $300 million to $400 million hit to its earnings this year, which it now says will likely be toward the lower end of $300 million.

A number of bullish analysts have said GE Vernova could be poised to benefit from growing demand for power, with the stock hitting a record high last week. It’s been a little over a year since its April 2024 spin-off from General Electric, completing the conglomerate’s shift into three separate public companies. GE Aerospace (GE) topped estimates and lifted its outlook last week.