TLDR
- GE Vernova hit an all-time high of $1,182.31 on July 6, up 121.61% over the past year and 70.6% year-to-date
- Jim Cramer called GEV his favorite power stock and confirmed it’s a “very big position” in his Charitable Trust
- Q1 2026 revenue came in at $9.3 billion, up 16% year-over-year, with EPS of $1.98 beating estimates
- Orders hit $18.3 billion in Q1, up 71% organically; total backlog now stands at $163 billion
- Full-year 2026 free cash flow guidance was raised to $6.5–$7.5 billion, up from $5.0–$5.5 billion
GE Vernova (GEV) hit an all-time high of $1,182.31 on July 6, 2026, with the stock trading around $1,183 and a market cap of $310.9 billion. The move extends a run that has seen GEV gain over 120% in the past year.
The stock has gained 70.6% year-to-date, making it one of the standout performers in the energy sector. That kind of return draws attention — and it’s getting it.
On June 30, Jim Cramer named GE Vernova his favorite power stock on Mad Money’s Lightning Round. He confirmed it sits in his Charitable Trust as a “very big position” — a public, accountable declaration, not just a passing comment.
“GE Vernova of those is my favorite. It’s one that the Charitable Trust has a very big position… I say still buy GE Vernova,” Cramer said.
The stock wasn’t cheap when Cramer made the call. GEV closed July 2 at $1,113.11, and even at that price, its three-year return of 867.92% shows just how much the story has evolved.
Q1 Numbers Back the Conviction
The Q1 2026 results, reported April 22, gave the bull case some hard numbers to work with.
Revenue came in at $9.3 billion, up 16% year-over-year. EPS of $1.98 beat the $1.84 consensus estimate by 7.6%.
Orders were the real headline. Q1 orders hit $18.3 billion, up 71% organically, with growth across all three segments — Power, Wind, and Electrification. Total backlog reached $163 billion, growing $13 billion in a single quarter.
Free cash flow of $4.8 billion more than quadrupled year-over-year. Adjusted EBITDA nearly doubled to $0.9 billion, with margins expanding 390 basis points to 9.6%.
CEO Scott Strazik pointed to gas turbine momentum. Gas Power equipment backlog and slot reservation agreements grew from 83 to 100 gigawatts in Q1. The company now targets at least 110 gigawatts by year-end 2026.
Guidance Raised Across the Board
Following Q1, GEV raised full-year 2026 guidance across every major metric.
Revenue guidance moved to $44.5–$45.5 billion. Adjusted EBITDA margin guidance rose to 12–14%, up from 11–13%. Free cash flow guidance jumped to $6.5–$7.5 billion from $5.0–$5.5 billion.
The company ended Q1 with a $10.2 billion cash balance and returned $1.4 billion to stockholders through buybacks and dividends.
Analyst support has also been building. Bernstein initiated coverage with an outperform rating. Jefferies raised its price target to $1,210 while maintaining a Buy rating, citing a strong order backlog extending into 2031.
InvestingPro’s analysis flags the stock as currently overvalued relative to its Fair Value estimate — worth noting for anyone sizing a position.
Technically, the stock hit resistance near $1,170–$1,180 on July 2 before the pullback. The 50-day, 100-day, and 200-day moving averages sit at roughly $1,052, $959, and $794 respectively.
Q2 2026 earnings are due July 22. Analysts hold a Zacks Rank of 2 (Buy) with a positive Earnings ESP of 10.35%, with estimates trending upward ahead of the print.
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