GE Vernova Stock Charges Higher After Hours: Here's Why
GE Vernova Inc (NYSE:GEV) shares are rising in extended trading Tuesday after the company doubled its dividend and raised its multi-year outlook.
- GE Vernova stock is charging ahead with explosive momentum. Why are GEV shares rallying?
What Happened: As part of its 2025 Investor Update event, GE Vernova announced a series of updates, including strong guidance looking out to 2028.
The company said its full-year 2025 revenue guidance of $36 billion to $37 billion is trending towards the higher end of the range. GE Vernova also introduced 2026 revenue guidance of $41 billion to $42 billion and said it expects to reach $52 billion in annual revenue by 2028, up from a prior forecast of $45 billion.
“At GE Vernova, we are in the early chapters of an incredible value creation opportunity with a stronger financial trajectory ahead,” said Scott Strazik, CEO of GE Vernova.
“Electric power will be critical to unlocking economic growth in the decades ahead and we are well-positioned with our large installed base and platform of advanced solutions to serve this growing, long-cycle market.”
The company said it has signed 18 GW of gas turbine contracts quarter-to-date and expects to reach 80 GW of combined slot reservation agreements and backlog by the end of the year. Moreover, GE Vernova’s total backlog is expected to grow from $135 billion to $200 billion by the end of 2028.
GE Vernova also anticipates at least $22 billion of cumulative free cash flow from 2025 to 2028, up from a prior outlook of at least $14 billion.
“We are executing efficiently, and there is more to come as we enter 2026 with significant momentum,” Strazik added.
GE Vernova declared a quarterly dividend of 50 cents per share, payable in the first quarter of 2026. The company’s board also authorized an increase of its share repurchase program to $10 billion from $6 billion previously.
Beyond 2028, GE Vernova said it’s well-positioned to deliver “substantially higher” returns, driven by a large and growing equipment and services backlog, more profitable gas power services revenue and expanded investments in AI, robotics and automation.
GEV Price Action: GE Vernova shares were up 6.10% in after-hours, trading at $663.43 at the time of publication on Tuesday, per Benzinga Pro.
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