In pre-market trade the stock is up $79.13 (+7.98%) at $1,070.65.
From Investor's Business Daily, April 22:
GE Vernova (GEV) crushed earnings views early Wednesday while first-quarter revenue also topped while the artificial intelligence energy play also guided higher. GEV stock rose solidly before the open, signaling a new high.
GE Vernova Earnings
GEV Vernova reported GAAP earnings of $17.44, up 1,530% vs. a year earlier and obliterating views for $1.95, FactSet shows. Revenue rose 16% to $9.34 billion, returning to double-digit growth and slightly topping forecasts for $9.252 billion.The company, which is sold out for years due to AI data centers' massive power needs, now boasts a backlog of $163 billion, up $13 billion vs. Q4.
GE Vernova now sees 2026 revenue at $44.5 billion-$45.5 billion, up from $44 billion-$45 billion. Analysts have looked for $44.66 billion. The company also guided up on adjusted EBITDA margin and free cash flow....
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