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With gains of 25.20% between April 1 and April 27, GE Vernova Inc. (NYSE:GEV) is included in our list of the 7 Energy & Utility Stocks that are on Fire in April.
GE Vernova Inc. (NYSE:GEV) engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity in the United States, Europe, Asia, the Middle East, and Africa.
GE Vernova Inc. (NYSE:GEV) rallied to an all-time high following its impressive Q1 2026 report on April 22, with the company exceeding estimates in both earnings and revenue. Adjusted EBITDA for the quarter soared by 87% YoY to $896 million, while net profit also skyrocketed to $4.75 billion, up from $264 million in the same period last year. Notably, the firm’s free cash flow of $4.8 billion in the quarter was more than it delivered in the whole of 2025.
GE Vernova Inc. (NYSE:GEV) booked orders of $13 billion in Q1, with the firm now expecting to reach its $200 billion backlog goal in 2027, versus its previous forecast of 2028. Following the strong results, the company also raised its FY 2026 revenue guidance to $44.5-$45.5 billion, up from $44-$45 billion previously. Moreover, it also boosted its free cash flow forecast for the year to between $6.5 billion and $7.5 billion, up from its previous target of $5 billion to $5.5 billion.
Following the impressive Q1 report, the analysts from firms like Goldman Sachs, Jefferies, and several others raised their respective price targets on GE Vernova Inc. (NYSE:GEV), further bolstering investor confidence in the stock.
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