# GE Vernova LLC (GEV.US)

Canonical: https://gigainvestors.com/s/GEV

Analysis as of: 2026-10-16T07:28:44.247Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $926.44 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Terry Smith](https://gigainvestors.com/FS): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Andrew Adams](https://gigainvestors.com/MPF): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Ron Muhlenkamp](https://gigainvestors.com/MUHL): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Richard Pzena](https://gigainvestors.com/PIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Christopher Bloomstran](https://gigainvestors.com/SA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Chase Coleman](https://gigainvestors.com/TGM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Arnold Van Den Berg](https://gigainvestors.com/VAN): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Lee Ainslie](https://gigainvestors.com/mc): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Dan Davidowitz](https://gigainvestors.com/pcm): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 21% since Jun 2026 · "GE Vernova (GEV) Just Turned AI Data Centers Into A $5 Billion Order Tailwind" (finance.yahoo.com, Oct 2026)

Story as of 2026-10-16T09:58:48.679Z; price observation 2026-10-15.

- 2025-04-23: GE Vernova Swings to Profit as Backlog Rises ([finance.yahoo.com](https://finance.yahoo.com/m/254f0a7e-dd68-3524-9e64-3e5cdbb04d43/ge-vernova-swings-to-profit.html))

- 2025-07-23: GE Vernova Q2 2025 slides: Revenue growth and margin expansion drive raised guidance ([investing.com](https://www.investing.com/news/company-news/ge-vernova-q2-2025-slides-revenue-growth-and-margin-expansion-drive-raised-guidance-93CH-4147939))

- 2026-02-01: GE Vernova Flaunts $150 Billion Backlog, Doubles Dividend ([finance.yahoo.com](https://finance.yahoo.com/news/ge-vernova-flaunts-150-billion-143103043.html))

- 2026-04-22: AI Data Center Boom Supercharges GE Vernova Earnings. This Is How Much. ([finance.yahoo.com](https://finance.yahoo.com/m/480c5c59-1d86-3bab-9ded-15a8834f4f6c/ai-data-center-boom.html))

- 2026-06-30: AI-Driven Turbine Demand Propels GE Vernova, IBD Stock of the Day, Toward All-Time High ([finance.yahoo.com](https://finance.yahoo.com/m/caae505a-de0c-3913-9891-c32711a20648/ai-driven-turbine-demand.html))

- 2026-07-22: GE Vernova shares fall as wind losses overshadow record backlog and data center demand ([finance.yahoo.com](https://finance.yahoo.com/energy/articles/ge-vernova-shares-fall-wind-152600279.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in specialty industrial machinery; annual sales are USD 38.1 billion.

- Source: https://eodhd.com/api/fundamentals/GEV.US.json#2025-12-31 (filed 2026-01-29); FY2025: revenue 38068000000; grossProfit 7535000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); GEV.US: 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.

### Why customers stay

Margins ranged from 14.5% to 19.8% during 2023–25.

- Source: https://eodhd.com/api/fundamentals/GEV.US.json#2023-12-31 (filed 2026-01-29); FY2023: grossProfit / revenue = 14.5%.

- Source: https://eodhd.com/api/fundamentals/GEV.US.json#2024-12-31 (filed 2026-01-29); FY2024: grossProfit / revenue = 18.1%.

- Source: https://eodhd.com/api/fundamentals/GEV.US.json#2025-12-31 (filed 2026-01-29); FY2025: grossProfit / revenue = 19.8%.

### Where the cash goes

Reinvests 8.7% of cash earnings; paid dividends in 1 of 5 years.

- Source: https://eodhd.com/api/fundamentals/GEV.US.json#2024-12-31 (filed 2026-01-29); FY2024: growth capex 0; upkeep 883000000; cash acquisitions 0; owner earnings 1733000000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/GEV.US.json#2025-12-31 (filed 2026-01-29); FY2025: growth capex 424000000; upkeep 853000000; cash acquisitions 0; owner earnings 4884000000. Growth capex plus acquisitions / owner earnings = 0.08681408681408681.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); Dividend observations: [[2021,0],[2022,0],[2023,0],[2024,0],[2025,275000000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/api/fundamentals/GEV.US.json#2025-12-31 (filed 2026-01-29); FY2025: cash repurchases 3316000000 USD.

### Are managers owners

Insiders own 0.1% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); GEV.US SharesStats.PercentInsiders = 0.126 percentage points; cache date 2026-10-16.

### What could break it

"We may fail to execute and accurately estimate long-term service obligations." (SEC filing, Jan 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1996810/000199681026000015/gev-20251231.htm (filed 2026-01-29); We may fail to execute and accurately estimate long-term service obligations.

### What the price says

The price is 6.7 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); Closing price 926.44 USD; reporting-to-trading FX 1; FY2025 annual sales per share 137.92753623188406; price multiple 6.716860355153935. FY2025 cash earnings/share 17.695652173913043. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2024-03: $136.75 per share

- 2024-04: $153.71 per share

- 2024-05: $175.90 per share

- 2024-06: $171.51 per share

- 2024-07: $178.24 per share

- 2024-08: $201.00 per share

- 2024-09: $254.98 per share

- 2024-10: $301.66 per share

- 2024-11: $334.12 per share

- 2024-12: $328.93 per share

- 2025-01: $372.88 per share

- 2025-02: $335.18 per share

- 2025-03: $305.28 per share

- 2025-04: $370.82 per share

- 2025-05: $472.98 per share

- 2025-06: $529.15 per share

- 2025-07: $660.29 per share

- 2025-08: $612.97 per share

- 2025-09: $614.90 per share

- 2025-10: $585.14 per share

- 2025-11: $599.77 per share

- 2025-12: $653.57 per share

- 2026-01: $726.37 per share

- 2026-02: $873.60 per share

- 2026-03: $872.90 per share

- 2026-04: $1,083.46 per share

- 2026-05: $968.32 per share

- 2026-06: $1,174.86 per share

- 2026-07: $990.29 per share

- 2026-08: $898.53 per share

- 2026-09: $950.49 per share

- 2026-10: $1,004.04 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1996810/000199681026000015/gev-20251231.htm); period 2025-12-31, filed 2026-01-29.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [David Hoeft](https://gigainvestors.com/DAC): 122,871 GEV shares; USD 144,356,000 reported position value; 0.08% of portfolio; reduce; quarter 2026 Q2.
- [Terry Smith](https://gigainvestors.com/FS): 409,835 GEV shares; USD 481,499,000 reported position value; 3.53% of portfolio; new; quarter 2026 Q2.
- [Andrew Adams](https://gigainvestors.com/MPF): 846 GEV shares; USD 994,000 reported position value; 0.01% of portfolio; hold; quarter 2026 Q2.
- [Ron Muhlenkamp](https://gigainvestors.com/MUHL): 1,426 GEV shares; USD 1,675,000 reported position value; 0.49% of portfolio; hold; quarter 2026 Q2.
- [Richard Pzena](https://gigainvestors.com/PIM): 184 GEV shares; USD 216,000 reported position value; 0% of portfolio; new; quarter 2026 Q2.
- [Christopher Bloomstran](https://gigainvestors.com/SA): 1,994 GEV shares; USD 2,343,000 reported position value; 0.26% of portfolio; hold; quarter 2026 Q2.
- [Chase Coleman](https://gigainvestors.com/TGM): 797,511 GEV shares; USD 936,964,000 reported position value; 3.91% of portfolio; reduce; quarter 2026 Q2.
- [Arnold Van Den Berg](https://gigainvestors.com/VAN): 193 GEV shares; USD 227,000 reported position value; 0.05% of portfolio; new; quarter 2026 Q2.
- [Lee Ainslie](https://gigainvestors.com/mc): 1,109 GEV shares; USD 1,303,000 reported position value; 0.01% of portfolio; new; quarter 2026 Q2.
- [Dan Davidowitz](https://gigainvestors.com/pcm): 196,612 GEV shares; USD 230,991,000 reported position value; 1.99% of portfolio; new; quarter 2026 Q2.

# GEV — Ge Vernova Inc

Held by 10 investors · USD 1,800,568,000 total · 2026 Q2 · reported price USD 1174.86 (split-adjusted).
Page: https://gigainvestors.com/s/GEV

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Chase Coleman (https://gigainvestors.com/TGM) | USD 936,964,000 | 3.9% | reduce -18.04% |
| Terry Smith (https://gigainvestors.com/FS) | USD 481,499,000 | 3.5% | new |
| Dan Davidowitz (https://gigainvestors.com/pcm) | USD 230,991,000 | 2.0% | new |
| David Hoeft (https://gigainvestors.com/DAC) | USD 144,356,000 | 0.1% | reduce -4.89% |
| Christopher Bloomstran (https://gigainvestors.com/SA) | USD 2,343,000 | 0.3% | hold |
| Ron Muhlenkamp (https://gigainvestors.com/MUHL) | USD 1,675,000 | 0.5% | hold |
| Lee Ainslie (https://gigainvestors.com/mc) | USD 1,303,000 | <0.1% | new |
| Andrew Adams (https://gigainvestors.com/MPF) | USD 994,000 | <0.1% | hold |
| Steven Check (https://gigainvestors.com/CHE) | USD 785,996 | 0.0% | sold |
| Arnold Van Den Berg (https://gigainvestors.com/VAN) | USD 227,000 | 0.1% | new |
| Richard Pzena (https://gigainvestors.com/PIM) | USD 216,000 | 0.0% | new |

## Total held by quarter

- 2024 Q2: USD 836,810,365 · 6 holders · USD 171.51
- 2024 Q3: USD 753,573,203 · 7 holders · USD 254.98
- 2024 Q4: USD 179,896,347 · 5 holders · USD 328.93
- 2025 Q1: USD 376,243,823 · 5 holders · USD 305.28
- 2025 Q2: USD 669,606,923 · 5 holders · USD 529.15
- 2025 Q3: USD 808,707,579 · 6 holders · USD 615.00
- 2025 Q4: USD 729,743,216 · 6 holders · USD 653.58
- 2026 Q1: USD 966,599,426 · 6 holders · USD 872.90
- 2026 Q2: USD 1,800,568,000 · 10 holders · USD 1174.86