GE Vernova's stock has surged 8x since its April 2024 low. Power and electrification segments fueled growth as AI demand accelerated. Analysts project 60% annual EBITDA growth through 2028.
General Electric spun off its energy division as GE Vernova on April 2, 2024. The stock opened at $143 a share and three days later touched an all-time low of $122.46. A $5,000 investment at that low would be worth more than $40,400 today, according to a Motley Fool analysis.
GE Vernova runs three businesses: Power, which generated 55% of 2025 orders; Electrification, 33%; and Wind, 13%. Power and Electrification together account for 88% of the order book. Those two segments have grown fast as cloud providers, data center operators, and AI developers buy more gas turbines, grid equipment, and software. The Wind segment has lagged, held back by supply-chain problems.
Orders rose 7% organically in 2024, then jumped 34% in 2025, the company reported. Analysts expect revenue and adjusted earnings before interest, taxes, depreciation, and amortization to grow at compound annual rates of 17% and 60%, respectively, from 2025 through 2028.
The stock now carries an enterprise value of $252 billion, or about 40 times this year's projected adjusted EBITDA. That multiple looks steep. The projected growth rates could support it if the AI-driven demand for power equipment keeps accelerating.
AlphaScala's proprietary rating gives GE Vernova a score of 62 out of 100, labeled "Moderate." The stock closed at $200.75 on Friday, up 2.93% on the day.
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