GE Vernova posts $176 B backlog, earnings miss drives 9% share fall

GE Vernova reported second‑quarter revenue of $11.1 billion, up 22% year over year, and a record backlog that grew to $176 billion. Despite the strong top‑line growth, adjusted earnings of $2.47 per share missed analysts’ $3.18 estimate and EBITDA of $1.25 billion fell short of the $1.28 billion forecast, prompting a 9% drop in the stock price after the release.

The wind‑power division posted a loss of $275 million, with revenue down 10% and orders falling 39%, while the company warned that new tariffs could add $100‑200 million to full‑year costs. GE Vernova nonetheless raised its full‑year revenue guidance to $44.5‑45.5 billion. Analysts maintain a 12‑month price target of about $1,240, and the stock later recovered some of the loss.

Separately, Pine Valley Investments Ltd Liability Co increased its stake in GE Vernova by 93.8% in the first quarter, holding 5,662 shares worth roughly $4.94 million. Other investors such as Brighton Jones LLC and Schnieders Capital Management also adjusted their positions, and several brokerages reiterated buy or outperform ratings on the stock.