GE Vernova stock has risen more than eightfold since hitting its 2024 low of $122.46. That means a $5,000 investment made during the slump would now be worth over $40,400. The stock has become a fast-moving name as investors bet on the energy needs of the cloud, AI and data center sectors.
GE Vernova spun off from General Electric on April 2, 2024, and began trading on its own at $143 per share. But the stock soon fell to $122.46, its lowest point, on April 5. From there, demand for energy infrastructure surged, especially in the data center industry, which requires massive amounts of reliable power.
The company's Power and Electrification segments, which make up 88% of its 2025 orders (Power at 55% and Electrification at 33%), have been the main growth drivers. These businesses have expanded to meet the rising demand for power infrastructure. In contrast, the Wind segment has struggled with supply chain delays and weaker performance.
GE Vernova's order growth picked up pace from 7% in 2024 to 34% in 2025. With that momentum, analysts are projecting long-term gains. They expect revenue to grow at a 17% compound annual rate through 2028, and adjusted EBITDA to increase by 60% annually. This has made the company a key player for investors looking to ride the AI and cloud power wave.
Despite an enterprise value of $252 billion — a 40 times multiple on this year's adjusted EBITDA — the stock's fast growth justifies the high price tag. It's not the cheapest option, but it's one of the fastest.