GE Vernova (GEV)

Hold Recap: Q2 2026

The De-Rating Has Begun: A $24B Order Quarter, a Doubled Cash Guide, and an 8.7% Sell-Off That Pulls GE Vernova Toward Our Entry Zone

Hold Recap: Q1 2026

The Thesis Won and the Stock Tripled: Banking the Outperform Gain and Downgrading GE Vernova to Hold

Outperform Recap: Q4 2025

The Margin Conversion Is Proven: $8B of Backlog Margin, 83 GW of Gas, and a Raised 2028 Framework — Upgrading GE Vernova to Outperform

Hold Recap: Q3 2025

Orders Explode 55%, the Stock Round-Trips to Red: A Great Quarter Hits a Full Valuation — Maintaining GE Vernova at Hold

Hold Recap: Q2 2025

Beat, Raise, and a 14.6% Pop: The Electric-Power Supercycle Is Real, but Fully Priced — Initiating GE Vernova at Hold