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GE Vernova shares fall after wind orders drop and losses widen
GE Vernova reported an 88% year over year jump in backlog, but its wind segment is projected to post a $400 million loss in 2026 as orders fell 40% in the latest quarter.
GE Vernova’s stock has surged and then cooled, after the company’s shares rose 80% in the first half of 2026 but have since slipped more than 10% from their peak, trading under $1,000 now, according to The Motley Fool via Yahoo Finance.
On the fundamentals, GE Vernova beat second quarter expectations and reported an 88% year over year increase in backlog, taking total backlog to $176 billion that is expected to provide revenue visibility across near and intermediate time frames. The outlet also notes GE Vernova raised its full year 2026 guidance, with free cash flow potentially reaching $12.5 billion.
The pullback risk is tied to the wind business, where orders decreased 40% year over year in the latest quarter and wind losses are widening. The outlet expects the wind segment to deliver a $400 million loss this year.
Despite that drag, GE Vernova’s power and electrification segments are described as more than offsetting, and the article points to continued demand linked to AI infrastructure build outs through 2027 and beyond. Even so, the stock is still characterized as trading at a premium, with a forward price to earnings ratio nearing 35 and a market cap nearly double versus a year ago.