Welcome to our dedicated page for GE Vernova news (Ticker: GEV), a resource for investors and traders seeking the latest updates and insights on GE Vernova stock.
GE Vernova Inc. reports developments across a global electric power business organized around Power, Wind, and Electrification. Its updates cover gas turbines, nuclear reactor technology, hydroelectric and steam technologies, onshore and offshore wind equipment, grid solutions, power conversion, electrification software, and solar and storage systems used to generate, transmit, convert, and store electricity.
Recurring news includes customer alliances and equipment reservation agreements for gas, wind, and grid projects; dividend declarations and share repurchase authorizations; senior note offerings and other capital-structure actions; and completed portfolio changes such as the consolidation of Prolec GE within the Electrification segment. Prolec GE adds transformers, transformer components, and transformer services for electricity generation, transmission, and distribution markets.
GE Vernova (NYSE: GEV) completed acquisition of the remaining 50% stake in Prolec GE for $5.275 billion, funded with an equal mix of cash and debt. Prolec GE’s ~10,000 employees across seven Americas manufacturing sites (five in the U.S.) will operate within the Electrification segment as GE Vernova.
The deal consolidates a 30-year joint venture, is described as immediately accretive, and is reflected in GE Vernova’s updated 2026 financial guidance with impacts through 2028.
GE Vernova (NYSE: GEV) launched a registered public offering of senior notes, with net proceeds intended for general corporate purposes, including financing the acquisition of the remaining 50% stake in Prolec GE expected to close on February 2, 2026.
Citigroup, J.P. Morgan and Morgan Stanley are joint book-running managers. The offering is subject to market and other conditions and will be made only by means of a prospectus supplement and accompanying base prospectus available on EDGAR.
GE Vernova (NYSE: GEV) announced a quarterly dividend increase to $0.50 per share from $0.25, payable February 2, 2026, to holders of record as of January 5, 2026.
The Board also raised the share repurchase authorization to $10 billion from $6 billion and has repurchased $3.3 billion of the prior authorization as of December 3, 2025. The repurchase authorization has no expiration date and may be suspended or discontinued at any time.
Future dividends remain at the Board's discretion and will depend on earnings, financial condition, cash needs, prospects, and other factors.
GE Vernova (NYSE: GEV) raised its multi-year outlook and announced shareholder returns on December 9, 2025. The company now expects $52B revenue and 20% adjusted EBITDA margin by 2028 (up from $45B and 14%). It raised cumulative free cash flow guidance to $22B+ (2025–2028), plans ≈$10B cumulative capex and R&D, and forecasts backlog reaching ~$200B by year-end 2028. The board doubled the quarterly dividend to $0.50 and increased buyback authorization to $10B.
GE Vernova (NYSE: GEV) set a new GUINNESS WORLD RECORDS title for the largest online toy drive in 24 hours on Dec. 2, collecting 23,385 toys to be distributed in the U.S. by Toys for Tots.
The GE Vernova Foundation is matching donations to Save the Children and, with partner contributions from Hasbro and Mattel, the initiative will distribute over 70,000 STEM toys worldwide. GE Vernova also opened an "Innovators Toy Land" STEM pop-up at Rockefeller Center featuring hands-on exhibits and school field trips.
GE Vernova (NYSE: GEV) is hosting Innovators Toy Land at Rockefeller Center on December 8, 2025 and launched a global Innovators Toy Drive on Global Giving Tuesday in partnership with Toys for Tots and Save the Children.
The free, public pop-up (9:00AM–4:30PM; private event 10:30AM–1:00PM) features hands-on STEM exhibits from brands including Lite-Brite, Rubik's Cube, Snap Circuits and Slinky to demonstrate power, circuits, carbon capture, AI inspection, motion and pattern-solving. Local STEM schools will attend special field trips. The drive will collect STEM-inspired toys for global distribution to support early curiosity and STEM access.
GE Vernova (NYSE: GEV) signed its first onshore wind repower upgrade contract outside the United States with Taiwan Power Company, supplying 25 repower upgrade kits for GE Vernova 1.5 MW‑70.5m turbines plus a five‑year O&M services agreement. The order was booked in Q3 2025, initial components are scheduled for delivery in Q4 2025, and retrofit installations will occur throughout 2026–2027.
This milestone leverages GE Vernova’s U.S. repowering experience (over 6,000 turbines repowered) and its global installed base (~57,000 turbines, ~120 GW) to support Taiwan’s decarbonization and energy‑security goals.
GE Vernova (NYSE: GEV) will acquire the remaining 50% stake in Prolec GE from Xignux for $5.275 billion, funding the purchase roughly equally with $~2.64B cash and $~2.64B debt. The deal is expected to close by mid-2026 subject to regulatory approvals. Prolec GE forecasts $3.0B revenue and ~25% adjusted EBITDA margin in 2025; standalone projections show EBITDA rising to $0.9B in 2026 and $1.1B in 2028. GE Vernova says the acquisition is immediately accretive before synergies and expands Electrification segment exposure in North America.
GE Vernova (NYSE: GEV) has announced a quarterly dividend of $0.25 per share, payable on November 17, 2025, to shareholders of record as of October 20, 2025.
The Board of Directors will make future dividend declarations based on various factors including earnings, financial condition, cash requirements, and prospects. The company maintains comprehensive financial information and updates on its investor relations website.
GE Vernova (NYSE: GEV) has announced a significant expansion of its Pennsylvania operations, planning to add 250 new jobs at its Charleroi factory over the next two years. The company will invest up to $100 million in Pennsylvania, creating approximately 700 new jobs across multiple factories to manufacture high voltage switchgear products for electrical grids.
This expansion is part of GE Vernova's larger initiative announced since January, which now totals 1,750 planned new U.S. jobs and $680 million in U.S. investments. Additionally, the company has secured an order for seven 7HA.02 natural gas turbines for the Homer City Energy Campus, which will power a 3,200-acre data center campus designed for AI and high-performance computing needs, with completion expected in 2027.