Core Viewpoint - GE Vernova, the energy division of General Electric, has seen its stock price more than double in the past year, significantly outperforming the S&P 500, which rose only 15% [1] Group 1: Business Segments - The Power business accounted for 55% of GE Vernova's orders in 2025, focusing on heavy-duty gas turbines, steam turbines, and maintenance services for nuclear plants [2] - The Electrification business, which includes transformers and electrical grid services, made up nearly one-third of the orders [3] - The Wind business, primarily selling onshore and offshore wind turbines, contributed the remaining orders [3] Group 2: Organic Orders Growth - The Power segment showed strong organic order growth, with year-over-year increases of 24%, 28%, 44%, 50%, and 77% from Q4 2024 to Q4 2025 [4] - The Electrification segment experienced fluctuations, with growth rates of 122%, (3%), (31%), 102%, and 50% over the same period [4] - The Wind segment faced challenges but recovered in the second half of the year, with growth rates of (41%), (43%), (5%), 4%, and 53% [4] Group 3: Market Drivers and Challenges - The growth in cloud, data center, and AI markets has driven utility companies to upgrade their power plants and grids, benefiting the Power and Electrification segments [5] - The Wind segment struggled with project delays and supply chain issues but stabilized in the latter half of the year [5] Group 4: Future Outlook - GE Vernova anticipates continued double-digit organic revenue growth for its Power and Electrification segments through 2028, with expanding adjusted EBITDA margins [6] - The company expects revenue to grow at a 14% CAGR from $38 billion to $56 billion between 2025 and 2028, with adjusted EBITDA margins increasing from 8% to 20% [7] - With an enterprise value of $201 billion, GE Vernova is considered reasonably valued at 35 times this year's adjusted EBITDA, making it an attractive option for investors looking to capitalize on the AI-driven energy boom [7]

THE SECURITIES ACT OF 1933 GE Vernova Inc. (Exact name of Registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Table of Contents As filed with the Securities and Exchange Commission on May 6, 2024 Registration Statement No. 333-277900 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER Delaware 3511 92-2646542 (Primary Standard Industrial Classification Code Number) 58 Charles Stree ...