Overview

* GE Vernova ( GEV ) Q3 revenue rises 12%, beating analyst expectations

* Company to acquire remaining 50% of Prolec GE for $5.275 bln

* Orders in Q3 reached $14.6 bln, up 55% organically

Outlook

* GE Vernova ( GEV ) reaffirms 2025 revenue guidance towards higher end of $36-$37 bln

* Company expects 2025 adjusted EBITDA margin of 8%-9%

* GE Vernova ( GEV ) anticipates 2025 free cash flow of $3.0-$3.5 bln

Result Drivers

* ORDERS GROWTH - Orders increased by 55% organically, driven by strong demand in Power and Electrification

* BACKLOG EXPANSION - Gas Power equipment backlog and slot reservation agreements grew from 55 to 62 GW

* STRONG DEMAND - CEO Scott Strazik noted strong demand for equipment and services, contributing to backlog growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $10 bln $9.15

Revenue bln (21

Analysts

)

Q3 Net $500 mln

Income

Q3 $14.60

Orders bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 23 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy"

* Wall Street's median 12-month price target for GE Vernova Inc ( GEV ) is $693.50, about 15.6% above its October 21 closing price of $585.33

* The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 58 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)