GE Vernova LLC
- Industry
- Power Equipment
- Exchange
- US
- Country
- USA
- IPO date
- Mar 27, 2024
- Employees
- 78,000
- Website
- www.gevernova.com
Composite valuation range · conservative $170–$250 / fair $430–$560 / optimistic $850–$980. At $996.57, Above the optimistic ceiling · future growth overdrawn.
At publication $1,038.74 (May 25, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
GE Vernova Inc., an energy company, 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. The company operates through three segments: Power, Wind, and Electrification. The Power segment designs, manufactures, and services gas, nuclear, hydro, and steam technologies. It serves industrial, government, and other customers. The Wind segment offers wind generation technologies, including onshore and offshore wind turbines and blades. The Electrification segment provides grid solutions; power conversion; electrification software; and solar and storage solutions technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. The company was incorporated in 2023 and is headquartered in Cambridge, Massachusetts.
History
GE Vernova was incorporated in 2023 and is headquartered in Cambridge, Massachusetts. It completed its spin-off from GE on April 2, 2024, having listed via an IPO dated March 27, 2024. In the first quarter of 2026 the company acquired the remaining 50% stake in Prolec GE for about $5.3 billion in cash, strengthening its North American grid-equipment position. It employs approximately 78,000 people.
Industry position
GE Vernova is a global power-industry company operating through three segments — Power, Wind, and Electrification — covering the generation, transmission, distribution, conversion, storage, and orchestration of electricity. The company discloses that its installed base helps generate about 25% of the world's electricity, including roughly 7,000 gas turbines (about 1,800 under long-term service agreements) and about 59,000 onshore wind turbines (about 24,000 under service agreements). In its 10-K it lists competitors such as Siemens Energy, Mitsubishi Power, Westinghouse and Framatome in Power; Vestas, Siemens Gamesa, Nordex, Envision and Goldwind in Wind; and Hitachi Energy, Schneider Electric, Mitsubishi Electric and ABB in Electrification.