GE Vernova's stock soars 80% post-spin-off on clean energy bets
GE Vernova (GEV) has seen dramatic shifts in its stock performance since its spin-off in April 2024. The company's share price climbed from around $140 to over $250 by February 2026, marking an 80% increase despite periodic volatility. This surge follows major investments and strategic projects aimed at advancing clean energy solutions.
The US Department of Energy awarded GE Vernova $1.46 billion in 2023 to fund the Net-Zero 1 project. This financial boost helped drive the stock's upward trajectory, though fluctuations occurred due to market conditions and project milestones. The company's current price-to-earnings (P/E) ratio stands at 48.5, reflecting investor confidence in its long-term growth.
The Net-Zero 1 (ATJ-30) initiative is expected to add roughly $150 million in adjusted EBITDA per plant. It also aims to reduce risks for future net-zero projects, reinforcing GEV's position in sustainable energy. Meanwhile, the commercialisation of ETO technology could cut capital and operational costs for sustainable aviation fuel (SAF) plants by up to 35%. This advancement may open a new high-margin revenue stream through technology licensing.
GE Vernova has also focused on monetising its Carbon and Verity platforms. By the end of 2025, carbon removal (CDR) sales are projected to reach $3–5 million, further boosting recurring revenue. Historically, the stock has shown sharp movements, including gains over 50% in under two months during key periods. However, it has also faced steep declines—dropping 65%, 58%, and 55% in past market downturns.
GE Vernova's stock performance remains tied to its clean energy projects and technological innovations. The Net-Zero 1 project and ETO advancements could significantly improve profitability and operational efficiency. Investors continue to watch for further developments that may drive future growth.
