**General Electric Spinoff GE Vernova Surges Nearly 750% Since Market Debut**
General Electric (NYSE: GE) spun off its energy division as GE Vernova (NYSE: GEV) two years ago, and since then, its stock has surged approximately 750%. The company operates in three segments: Power (55% of 2025 orders), Electrification (33%), and Wind (13%). In 2025, total orders grew 34% organically, driven by a 51% increase in Power and a 23% increase in Electrification, despite a slowdown in Wind growth.
By the first quarter of 2026, GE Vernova’s backlog had reached $163 billion, more than triple its projected revenue of $45.5 billion for the same year. This demand is fueled by growth in the AI sector, with analysts expecting its revenue and earnings per share to increase at CAGRs of 16% and 24%, respectively, from 2025 to 2028. As of now, GE Vernova’s shares are priced at $1,110, reflecting a valuation of 36 times this year’s earnings.
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