GE Vernova Books $59 B Orders, Stock Soars 99% with $56 B 2028 Goal
GE Vernova shares rallied 99% in 2025 and added 13% in early 2026 after securing $59 billion in new orders and growing its backlog to $150 billion. The company forecasts 2026 revenue of $44–45 billion and aims for $56 billion in sales and $24 billion in cumulative free cash flow by 2028.
1. Surge Driven by Massive Orders
GE Vernova’s stock jumped 99% in 2025 and climbed an additional 13% in early 2026 after winning $59 billion in new equipment orders across natural gas and wind turbines, boosting its total backlog to $150 billion. This influx of orders reflects heightened demand from utilities, industrial clients and hyperscale AI data centers seeking reliable power solutions.
2. Ambitious Revenue and Cash Flow Outlook
Management projects 2026 revenue of $44–45 billion, up sharply from prior years, and has set targets of $56 billion in revenue and $24 billion in cumulative free cash flow by 2028. These goals hinge on continued capital spending in renewable energy, grid modernization and AI facility power infrastructure, positioning GE Vernova for sustained profitable growth.