GE Vernova Inc. (GEV) has experienced significant growth in its Electrification segment, recording a year-over-year revenue increase of 14% in Q1 2025, following prior growth rates of 11%, 22%, and 19% in the preceding quarters. This surge is primarily driven by strong demand for grid equipment like transformers and switchgears, as the global energy transition towards cleaner energy accelerates. Notably, GEV’s Electrification segment is well-positioned for continued growth amidst increasing investments in grid infrastructure, particularly in North America and Asia.
In comparison, Siemens Energy reported a 33.7% revenue increase in its Grid Technologies business and 41.6% order growth for Q2 fiscal 2025, while Eaton Corp. noted a 12% sales improvement for Electrical Americas in Q1 2025. GEV shares have surged 211.6% in the past year, outperforming the industry’s 53.6% gain, with a forward P/E ratio of 56.25, a 165.1% premium over the industry average of 21.21.
Sales estimates for GEV indicate a year-over-year improvement of 6.4% in 2025 and 10% in 2026, with the company currently holding a Zacks Rank #3 (Hold).
