GE Vernova in February 2026: Is It Time to Buy Shares?

GE Vernova, which was spun off from General Electric in 2024, has become one of the most compelling investment stories in the clean energy and infrastructure space. The question isn’t whether the company has impressed investors—it clearly has, with its stock more than doubling over the past 12 months compared to just 15% gains in the S&P 500. The real question is whether it remains attractive for those considering their entry point in February 2026.

Why GE Vernova’s Stock Surged: Understanding the Business Drivers

To understand whether you should buy shares of GE Vernova, it’s essential to grasp what’s driving the company’s exceptional performance. The company operates three distinct business segments, each responding differently to the evolving energy landscape.

The Power segment is the clear star performer, accounting for 55% of 2025 orders. This division manufactures heavy-duty gas turbines, steam turbines for coal and nuclear facilities, and provides ongoing maintenance and upgrade services. With cloud data centers and AI computing consuming ever-increasing amounts of electricity, utility companies worldwide are scrambling to upgrade their power generation and distribution infrastructure. In Q4 2025 alone, the Power segment’s organic orders grew 77% year-over-year—a remarkable acceleration from 24% growth in Q4 2024.

The Electrification business, comprising roughly a third of orders, sells transformers, breakers, substations, and grid automation systems. This segment has been equally impressive. After stumbling in early 2025 with negative growth, Electrification rebounded sharply in the second half of the year, posting 50% organic order growth in Q4 2025. The same AI-driven power surge that benefited the Power segment is directly fueling demand for grid modernization and capacity expansion.

The Wind segment remains the laggard. Onshore and offshore wind projects faced execution challenges and supply chain delays throughout 2025. However, even this struggling division showed signs of stabilization, ending the year with 53% organic order growth. Management attributes this recovery to improved operational execution and supply chain normalization.

Growth Trajectory Through 2028: Organic Expansion and Margin Expansion

Understanding GE Vernova’s growth outlook is crucial for anyone contemplating whether to buy shares at current levels. The company projects double-digit organic revenue growth for both Power and Electrification through 2028, while gradually right-sizing the Wind business to stabilize profitability.

These aren’t just optimistic projections—they’re backed by tangible market tailwinds. Cloud computing facilities, data centers, and AI infrastructure require dramatically more electrical capacity than traditional industries. Simultaneously, grid modernization initiatives are accelerating globally as countries prioritize infrastructure resilience and renewable energy integration.

From 2025 to 2028, GE Vernova expects total revenue to grow from $38 billion to $56 billion—a 14% compound annual growth rate (CAGR). More impressively, adjusted EBITDA margins are projected to expand from 8% to 20% over the same period. This margin expansion is particularly significant because it demonstrates the company’s ability to scale efficiently and convert revenue growth into bottom-line profitability.

Making the Investment Decision: Valuation, Risks, and Opportunity

So is this an opportune time to buy shares of GE Vernova? At an enterprise value of $201 billion, the company trades at 35 times its current year adjusted EBITDA—a reasonable multiple given the projected growth trajectory and margin expansion ahead. For context, this valuation reflects solid fundamentals without excessive speculation.

The investment case hinges on three factors working in GE Vernova’s favor. First, the demand tailwinds from AI and cloud infrastructure appear durable, not cyclical. Second, the company’s order backlog provides revenue visibility into 2026 and 2027. Third, margin expansion potential offers a compelling return driver beyond revenue growth.

However, potential investors should acknowledge the risks. The Wind segment’s turnaround remains unproven. Supply chain normalization could reverse if global conditions deteriorate. Regulatory changes affecting energy policy could disrupt growth assumptions. These aren’t dealbreakers, but they warrant serious consideration.

For investors seeking straightforward exposure to the AI-enabled energy infrastructure boom, GE Vernova presents a compelling opportunity to buy shares at a valuation that appropriately reflects both opportunity and risk. The company checks the essential boxes for long-term growth: structural demand drivers, favorable unit economics, and a credible management team executing a coherent strategy. Whether you choose to buy shares should ultimately depend on your investment time horizon and risk tolerance, but the fundamentals suggest the risk-reward proposition remains attractive heading into 2026.