GE Vernova Stock Soars on Record Backlog and Shareholder Returns

The shares of energy infrastructure specialist GE Vernova have delivered an exceptional performance in 2025, emerging as a standout within the S&P 500. The stock's value has doubled, a surge fueled by substantial new orders and a well-defined strategy to capitalize on the global transition in energy markets.

A key driver behind the equity's impressive 100% gain this year is the soaring global demand for dependable power infrastructure, particularly to support the expansion of artificial intelligence data centers. This demand is reflected in the company's latest quarterly results, which show revenue climbing 12% year-over-year to $10 billion for the third quarter. Even more significant is the company's colossal order backlog, which now stands at $135 billion. This provides exceptional visibility for GE Vernova's operations for years to come.

Robust Capital Return to Investors

Management's confidence in the firm's trajectory is clearly demonstrated through a significantly enhanced capital return program. The board has not only increased the share repurchase authorization from $6 billion to $10 billion but has also declared a doubling of the quarterly cash dividend. Starting in February 2026, shareholders are set to receive $0.50 per share.

Should investors sell immediately? Or is it worth buying Ge Vernova?

Concurrent with these financial moves, the company is making strategic personnel adjustments within its international subsidiaries, such as those in India. These changes are linked to the dynamic growth of its electricity business, where the order backlog is projected to double by 2028.

Future Outlook: Converting Orders into Profits

While the stock's current valuation sits notably above its historical average, market analysts justify this premium by pointing to anticipated robust earnings growth. The outlook for 2026 remains positive, powered by the continued execution of the gigantic order book. According to company leadership, the critical factor for long-term success will be the ability to transform these orders into high-margin service revenue. Recent major contract signings for gas power plants, totaling 18 gigawatts in capacity, underscore the persistent strong demand for GE Vernova's solutions.