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GE Vernova Analysts Increase Their Forecasts After Better-Than-Expected Q2 Earnings

Core Insights - GE Vernova Inc. (GEV) reported better-than-expected second-quarter 2025 earnings, with earnings per share of $1.86, surpassing the consensus estimate of $1.69, and revenue of $9.11 billion, exceeding Wall Street's expectations of $8.78 billion [1][2]. Financial Performance - The company experienced a productive second quarter, growing its backlog by over $5 billion and increasing Gas Power slot reservation agreements from 50 to 55 gigawatts [2]. - GE Vernova raised its 2025 revenue guidance to the higher end of the $36 billion to $37 billion range, with an estimate of $36.952 billion [2]. - The adjusted EBITDA margin forecast was lifted to 8% to 9%, up from previous high-single-digit estimates [2]. - Free cash flow guidance was increased from a range of $2.0 billion to $2.5 billion to $3.0 billion to $3.5 billion [2]. Stock Performance and Analyst Ratings - Following the earnings announcement, GE Vernova shares fell 1% to trade at $622.50 [3]. - Analysts have made several adjustments to their price targets for GE Vernova, with Baird raising it from $568 to $706, Barclays from $580 to $706, Wells Fargo from $474 to $697, Susquehanna from $662 to $736, JP Morgan from $620 to $715, and Citigroup from $544 to $670 [8].