GE Vernova shares fell as investors focused on weak spots in third-quarter 2026 results, despite a stronger headline performance: revenue of $12.6 billion beat the $12 billion analysts expected, and diluted EPS of $4.81 compared with the $4.01 forecast. The concern is the wind business. The company now projects wind revenue to decline in the mid-single-digit range in 2026, instead of the low-double-digit decline it initially guided, and expects a segment EBITDA loss of $400 to $500 million, versus the earlier $400 million estimate. At 3:01 p.m. ET the stock was down 1.1%, after an earlier 6.6% drop. GE Vernova still projects 2026 revenue of $46.5 to $47.5 billion and free cash flow of $16 to $17 billion. The article argues the stock remains worth considering despite the weaker wind outlook.
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GE Vernova shares fell on Wednesday despite the gas turbine maker beating expectations and raising its full-year outlook. Third-quarter revenue rose about 27% to $12.64 billion, above the $11.99 billion LSEG estimate, while EPS jumped 193% to $4.81 versus a consensus of $3.94. The company also agreed to buy Trench Group, a privately held maker of electric-grid equipment. The sell-off appears linked to guidance that fourth-quarter gas turbine pricing per kilowatt will be below third-quarter levels and to uneven quarterly growth in Gas Power in 2027, even as backlog rose from 116 GW to 122 GW and management expects 130 GW by year-end. The author argues the decline is too critical and does not reflect the company's underlying business strength.
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GE Vernova shares fell more than 2% Wednesday morning, though they pulled back from intraday lows and are still up 34% this year. Despite strong third-quarter results, with diluted earnings of $4.81 and revenue growth, the company reported weakness in new orders, which weighed on the stock.
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GE Vernova reported third-quarter 2026 revenue of $12.64 billion, up 27% from a year earlier, and adjusted EPS of $4.81, both above Wall Street estimates. Orders reached $29.3 billion, up 96% organically, and backlog hit a record $197 billion, prompting the company to raise its 2026 free cash flow guidance to $16 billion to $17 billion and its revenue range to $46.5 billion to $47.5 billion. It also agreed to acquire Trench Group for $9 billion, which is projected to generate $1.9 billion in 2028 revenue, with closing not expected until late 2027. Despite the beat, GE Vernova shares fell 6% in the early session after rising 30% year to date, while Vertiv jumped 13% following its own beat and raised outlook. A more cautious reading holds that expectations were already high and the deal offers a distant payoff alongside added debt.
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