GE Vernova Positions for Long-Term Growth Amid AI-Driven Power Demand

GE Vernova (GEV) has seen a substantial valuation increase since its 2024 spin-off from General Electric, driven by a global shift toward expanded electrical infrastructure. The company's growth is currently anchored by its Power and Electrification segments, which are benefiting from the massive energy demands of the cloud and AI sectors. In 2025, the company reported that organic total orders grew by 34%, a sharp increase from the 7% growth recorded in 2024. Specifically, the Power segment—which accounts for 55% of 2025 orders—saw a 51% increase, while the Electrification segment grew by 23%. These gains helped offset slower growth in the Wind segment, which has been hampered by supply chain delays. With an enterprise value of $236 billion, GEV currently trades at 41 times its adjusted EBITDA. While this valuation is high, it is supported by a broader macroeconomic trend: the International Energy Agency (IEA) estimates that global electricity consumption could rise by up to 40% by 2035. This demand spans fossil fuels, nuclear power, and renewables, all of which are integrated into GE Vernova's diversified portfolio. Looking ahead, analysts expect the company to maintain strong momentum. Revenue and adjusted EBITDA are projected to grow at compound annual growth rates (CAGRs) of 15% and 55%, respectively, through 2028. If these growth trajectories hold, the company is well-positioned to capitalize on the electrification of the global economy.