GEV

GE Vernova

Gas turbines + grid; capacity sold out.

Last

$985.92

Change

-0.16%

Market cap

$265.7B

60-day price

Near-term (0-6mo)

Earnings 4/22 — gas turbine order intake (HA-class especially), grid solutions backlog, and margin trajectory. Oppenheimer PT $1,139 and JPMorgan PT $1,150 suggest street expects strong guidance.

Mid-term (6-24mo)

GE Vernova is the closest pure-play on 'grid is the bottleneck' — manufactures gas turbines, grid transformers, HVDC systems. Multi-year backlog ($20B+ last reported) provides revenue visibility. Capacity expansion plans are the key physical metric.

Catalysts

Q1 earnings 4/22 — 6 days away
Gas turbine delivery schedule
Grid transformer lead time data
New capacity expansion announcements

Risks

Valuation at ~$986 is pricing in significant backlog execution
Supply chain for transformer steel/copper
Service margin sustainability

Options flags

earnings_soon · Apr 16, 2026

Earnings on 2026-04-22 (5d out). Expect elevated IV into print; avoid buying OTM monthlies the day before.

monthly_liquid · Apr 16, 2026

Monthly Apr 16, 2026 chain likely liquid. Prefer ATM/ITM-20 over OTM to force discipline.

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