GE Vernova (GEV) Shares Climb After Upgraded Guidance and 100% Dividend Increase

GE Vernova Inc. (NYSE: GEV) experienced a significant surge in its stock price on Wednesday, December 10, 2025, following the company’s announcement of raised revenue guidance and a doubled quarterly dividend. The power equipment manufacturer’s shares jumped over 11% in early trading, reaching an all-time high of $707.74 as investors responded enthusiastically to the company’s bullish outlook.

The strong performance reflects growing confidence in GE Vernova’s positioning within the rapidly expanding electric power infrastructure market, particularly as artificial intelligence and data-heavy industries drive unprecedented electricity demand.

AI-Driven Electricity Needs Fuel GE Vernova’s Growth Outlook

GE Vernova announced comprehensive improvements to its financial outlook during its investor day presentation, significantly exceeding market expectations. The company raised its long-term revenue forecast to $52 billion by 2028 with low double-digit compound annual growth rates, up substantially from the previous target of $45 billion with high single-digit growth.

Additionally, the company increased its share repurchase authorization from $6 billion to $10 billion and doubled its quarterly dividend from $0.25 to $0.50 per share, demonstrating confidence in its cash generation capabilities.

The company also raised its 2025 free cash flow guidance to a range of $3.5 billion to $4 billion, up from the prior estimate of $3 billion to $3.5 billion. For 2026, GE Vernova expects to generate between $4.5 billion and $5 billion in free cash flow. Analysts noted that the company has a track record of overdelivering on targets, suggesting these projections could prove conservative.

The stock, which has climbed more than 370% since its spin-off from General Electric in March 2024, closed the previous trading day at $625.30 before surging to $695.77 (+11.27%) as of 10:31 AM EST on December 10, 2025.

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• GE Vernova’s Market Momentum Supported by Multi-Year Backlog Growth

GE Vernova’s optimistic outlook is underpinned by robust demand across its core business segments. The company expects 16% to 18% organic revenue growth in its power segment and 20% growth in its electrification business for 2026. In terms of production capacity, GE Vernova anticipates annualized gas turbine output to reach 20 gigawatts by mid-2026 and approximately 24 gigawatts by 2028.

The company also projects 80 gigawatts of signed combined-cycle gas turbine contracts by year-end, with all available production slots sold out through 2028 and visibility extending to 2030.

Industry analysts attribute this momentum to the surge in electricity demand from artificial intelligence infrastructure and data centers transitioning to higher voltage setups amid constrained grid capacity. William Blair analyst Jed Dorsheimer characterized the investor day as having “fired on all cylinders,” while Oppenheimer analysts highlighted GE Vernova’s expertise in high- and medium-voltage technologies as positioning the company to become a primary technology partner for multiple hyperscalers.

The company is also working with the U.S. government to boost yttrium stockpiles as China’s export controls tighten supplies of this rare earth element used in energy, aerospace, and semiconductor applications.

Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.