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Oct 23, 2025 4:00 PM

GE Vernova's Strong Orders And Prolec Deal Signal Major Growth: Analyst

GE Vernova Inc. (NYSE:GEV) reported a strong third quarter with orders surging 55% organically and announced it will acquire full ownership of Prolec GE, boosting its stake in North America’s transformer market and positioning the company to capture growing grid investment opportunities.

Bank of America analyst Andrew Obin revised estimates for GE Vernova following third-quarter results. The analyst maintained the Buy rating with a price forecast of $725.

Earnings Results

On Wednesday, the company reported GAAP earnings per share of $1.64, missing the consensus estimate of $1.92, while total revenue reached $9.969 billion, exceeding the forecast of $9.158 billion.

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