GE Vernova Inc. (NYSE:GEV) stock is down during Monday’s premarket session. The company is entering into a gas turbine and generator reservation agreement with Maxim Power Corp.
This news comes as broader markets experienced slight declines, with the S&P 500 down 0.21% on the previous trading day.
GEV Secures Turbine Slot for 2030 Delivery
Maxim Power announced that it has secured a manufacturing slot for a 7HA.02 gas turbine and generator package from GE Vernova, with a target delivery by 2030.
To hold this slot, Maxim is required to provide a non-refundable deposit, which will be credited toward the final purchase price in a definitive sales agreement.
The agreement is part of Maxim’s Prairie Lights Power project in Alberta, which is expected to see total spending of up to $60 million in 2026.
The turbine selection will require an amendment to the project’s regulatory permits, but this is anticipated to be a routine process.
Recent Turbine, Wind Orders Win
Last week, GE Vernova announced an agreement with Xcel Energy (NASDAQ:XEL) to support energy projects through the 2030s. The partnership aims to improve reliability, affordability and sustainability for Xcel Energy customers.
GEV Shows Strong Short-Term Trend
GEV stock is currently trading 12.1% above its 20-day simple moving average (SMA) and 23.4% above its 100-day SMA, indicating a strong short-term trend. Over the past 12 months, shares have increased by 102.43% and are currently positioned closer to their 52-week highs than lows.
The RSI is at 68.08, which is considered neutral territory, while MACD is above its signal line, indicating bullish momentum. The combination of a neutral RSI and bullish MACD suggests mixed momentum.
- Key Resistance: $795.50
- Key Support: N/A
GE Vernova’s Role in Renewable Energy
GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity.
The recent agreement with Maxim Power Corp. highlights GE Vernova’s role in advancing energy projects, particularly in the growing renewable energy sector. As the demand for reliable electricity sources increases, GE Vernova’s innovations in power generation and electrification solutions position it well within the market.
GEV’s Financial Update and Analyst Outlook
GE Vernova Inc. is slated to provide its next financial update on April 22, 2026.
- EPS Estimate: $1.93 (Up from 91 cents YoY)
- Revenue Estimate: $9.22 billion (Up from $8.03 billion YoY)
- Valuation: P/E of 44.1x (Indicates premium valuation)
Analyst Consensus & Recent Actions:
The stock carries a Buy Rating with an average price target of $782.24. Recent analyst moves include:
- RBC Capital: Outperform (Raises Target to $800.00) (Jan. 30)
- Goldman Sachs: Buy (Raises Target to $925.00) (Jan. 29)
- Citigroup: Neutral (Raises Target to $779.00) (Jan. 29)
Valuation Insight: While the stock trades at a premium P/E multiple, the strong consensus and rising estimates suggest analysts view the growth prospects as justification for the 1% upside to analyst targets.
GEV’s Benzinga Edge Scorecard
Below is the Benzinga Edge scorecard for GE Vernova, highlighting its strengths and weaknesses compared to the broader market:
– Value: 6.23 — The stock is trading at a premium relative to peers.
– Momentum: 91.86 — Stock is outperforming the broader market.
The Verdict: GE Vernova’s Benzinga Edge signal reveals a strong momentum score, indicating that the stock is performing well compared to the market. However, the value score suggests that it may be trading at a premium, which could be a consideration for potential investors.
GEV’s Top ETF Exposure
- Defiance AI & Power Infrastructure ETF (NASDAQ:AIPO): 7.50% Weight
- Invesco S&P Spin-Off ETF (NYSE:CSD): 6.31% Weight
- iShares US Power Infrastructure ETF (NYSE:POWR): 5.66% Weight
Significance: Because GEV carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
GEV’s Premarket Price Action
GEV Price Action: GE Vernova shares were down 0.52% at $775.30 during premarket trading on Monday, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
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