GE Vernova hits record high on raising 2025 forecast, beating Q2 profit estimates

GE Vernova T&D India

23/07/2025 14:54

Updates

** Shares of GE Vernova GEV.N hit record high, last up 13.5% at $623.10

** Co raises 2025 financial outlook; expects revenue to move towards the higher end of $36-$37 bln

** GEV expects free cash flow (FCF) of $3-$3.5 billion, up from previous expectation of $2-$2.5 billion

** Co posts adj. profit of $1.77/share, beating analysts estimates of $1.51/share - data compiled by LSEG

     ** GEV says guidance includes impacts of U.S. President Donald trump's tariffs as currently outlined and resulting inflation, which is now expected to be towards the lower end of about $300-$400 million

** FCF outlook raise more than 44% at midpoint the primary positive surprise - Jefferies analyst

** Up to last close, stock up 66.9% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))