TLDR
- GE Vernova stock rose about 7% Monday and traded at $833.03.
- The company will supply three 5.5 MW onshore wind turbines to Stadtwerke Heidenheim AG.
- The deal includes 20 years of service, and financial terms were not disclosed.
- Deliveries start in August 2027, with commissioning set for December 2027.
- Third-quarter results beat estimates, and 2026 revenue guidance was raised.
GE Vernova (GEV) stock jumped about 7% in Monday’s afternoon session and traded at $833.03. The move came after a wind turbine deal in Germany.
The company will supply three onshore wind turbines to Stadtwerke Heidenheim AG. They are for the Schlotberg-Jüchsen wind project.
Each turbine is the 5.5 MW-158m model. That puts the order at 16.5 MW in total.
The order was booked in the fourth quarter of 2026. The financial terms were not disclosed.
What the Deal Includes
The contract also covers 20 years of maintenance and service. That keeps GE Vernova tied to the project long after the turbines go up.
This is the sixth wind project between the two companies. Once it is done, Stadtwerke Heidenheim’s installed capacity from GE Vernova turbines in Germany will reach 74 MW.
The turbines will be built at the Salzbergen facility. It is one of 13 GE Vernova locations in Germany.
Deliveries are expected to start in August 2027. The turbines are scheduled to enter service in December 2027.
Raphael Kaim, Head of Renewable Energy at Stadtwerke Heidenheim, said a dependable supplier was critical. The project had faced earlier delays and strict regulatory deadlines.
He credited GE Vernova’s delivery timelines and technical skills for keeping construction on track. Marcas Breatnach, GE Vernova’s Executive Sales Leader for Northern Europe, said the deal builds on a long relationship.
The Stock Behind the Move
GE Vernova stock has made 30 moves of more than 5% over the last year. Monday’s jump fits that pattern.
The stock is up 22.6% since the start of the year. At $833.03, it still sits 29.1% below its 52-week high of $1,175 from June 2026.
An investor who put $1,000 into the March 2024 IPO would now hold about $6,347. That is a rise of more than sixfold.
In October, GE Vernova reported third-quarter diluted GAAP earnings of $4.81 per share. Analysts had expected $4.01.
Revenue rose 27% to $12.642 billion, topping the $11.991 billion estimate. The company then raised its 2026 revenue guidance to $46.5 billion-$47.5 billion from $45.5 billion-$46.5 billion.
Wall Street rates the stock a Buy, with an average target of $1,137.50 from 25 analysts. HSBC upgraded it to Buy on Oct. 30, while Guggenheim and Argus trimmed targets to $1,400 and $1,100 in early November.
Before Monday’s rally, the stock was up 1.93% at $789.06 in premarket trading. A later quote showed it at $778.45, down 6.14%.
