GE Vernova LLC (GEV)
Official siteINDUSTRIALS • SPECIALTY INDUSTRIAL MACHINERY • NYSE
Market Cap: $242.88B
Last updated: Sep 01, 2026 at 10:00 AM ET
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Related GNG Research
The mid-year 2026 Vulcan AI Spine Model Portfolio Update
Vulcan AI Spine is a 29-stock, 100% invested thematic model to be tracked six-to-nine months through Jan-Apr 2027, largest weight 5.6%, smallest 1.3%, weights used as primary risk control Portfolio allocations are 41.0% Core AI, 28.5% Physical Buildout, 25.0% Power & Utilities, and 5.5% GE Vernova as the bridge, with individual weights summing exactly to 100% Five backbone infrastructure names - NVDA, TSM, GOOGL, AVGO, ASML - comprise 25.1% of the portfolio and 61.2% of Core AI; NVDA interest coverage ~629x, TSM capex 33.5% of sales, ASML 41.5x forward PE Cyclical or expectation-dependent Core AI positions are sized conservatively - MU at 6.4x forward earnings and 80.4% operating margin (3.8% weight), MRVL is -41.1% from its 52-week high, ANET FCF conversion 54.4% Goldman baseline models $7.6tn AI capex 2026-31 - compute $5.1tn, data centers $2.1tn, power $0.358tn - portfolio intentionally overweights power and GEV to capture regulated, uncorrelated cashflows, construction backlog
My 2026 Top 10 AI Power & Utilities Refresh
Core thesis validated - AI-driven data center demand intensified physical bottlenecks (transformers, substations, interconnection queues); AEP ~138, WEC ~119, ETR ~114, CEG fell to ~251 from a $412 high Scarcity failed to translate to market prices where regulators intervene - PJM capacity ran $28.92 to $269.92 to $329.17, collars capped upside, uncapped clears ~18% higher; data centers drove 63% of prior rise, ~$9.3bn Regulatory rulings determine investor returns - Dominion ROE set at 9.8% vs 10.4% request, base-rate increase cut $822m to $566m (31% haircut); five of six regulated names burn free cash flow and issue equity Different business economics - GEV spends 3.8% of sales on CapEx and generates ~$27.67 FCF per share, while regulated utilities spend 50-71% of revenue on CapEx and fund growth via dilution and debt Buy selectively using blended fair value (60% Vulcan, 40% analyst); buy CEG (~26% below), VST (~21% below), NEE (~10% below); DUK/WEC/SO around fair; trim AEP (~14% above), ETR (~10% above), D (~9% above)
The Wall Socket Is the New Bottleneck: How to Own the AI Electricity Value Chain Without Overpaying
AI buildout is moving from a chip story to an electricity story - deliverable megawatts on-site, interconnection queues, permitting and transmission lead times now gate AI capex realization IEA forecasts data-center electricity demand doubling to ~945 TWh by 2030, ~15% CAGR, while Goldman Sachs models AI capex at $765B in 2026 rising toward $1.6T by 2031 Investment framework - five investable layers where margin migrates to choke-point owners: nuclear fuel, existing firm generation, new nuclear optionality, grid/power equipment, renewables and storage Actionable value pick - existing firm-power names appear mispriced: CEG down ~13% TTM and ~20% below GNG fair value with an 835 MW Microsoft PPA and $3.9B capex plan; VST down ~11% TTM, ~8% below, 2026 EBITDA $6.8-7.6B Quality versus valuation trade-off - CCJ shows Altman Z 13.5, Piotroski 8, ROIC 14% but forward P/E ~90 and model flags ~19% above fair value; BWXT high-quality industrial, trading at a premium
The Hedge That Pays Rent: An 8-Name Barbell Built for 2026 Midterms and Geopolitical Risk
8-name barbell built for 2026 midterms and geopolitics - each position has a defined job, no revenue overlap, and at least two names should perform in any of three stress regimes Backtest demonstrates the construction's asymmetry - ~27.5% CAGR over five years with quarterly rebalance, outperformed the index in three crisis windows, and made money in 2022 while the S&P fell 19% Conventional "defensive" screens can fail regime shifts - quality low-beta basket returned 31.2% CAGR but lost 7.9% in 2022, while a thematic defense/energy/gold/grid basket gained 9.3% that year The basket carries beta 0.71 to (SPY), correlation 0.64, Sharpe 1.30, Calmar 1.47, and pays the highest dividend income of any construction tested ($1,736 over 5Y on $10K starting capital). Sizing: 12-18% sleeve of diversified equity portfolio, scale in over 4-6 weeks (pulled-back names first), invalidation triggers if Iran de-escalates AND Fed pivots AND oil falls below $70 simultaneously.
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Frequently Asked Questions About GEV
- What is GEV's current dividend yield?
- GE Vernova LLC (GEV) has a current dividend yield of 0.19%.
- Does GEV pay dividends?
- Yes, GE Vernova LLC pays dividends with a current yield of 0.19%.
- What is GEV's P/E ratio?
- GE Vernova LLC has a price-to-earnings (P/E) ratio of 47.20.
- What is GEV's market cap?
- GE Vernova LLC (GEV) has a market capitalization of $242.88B with a current stock price of $898.23.
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