Valued at a market cap of $131 billion, GE Vernova Inc. (GEV) provides various products and services that generate, transfer, orchestrate, convert, and store electricity. The Cambridge, Massachusetts-based company manufactures and services key infrastructure, including wind turbines, gas turbines, hydroelectric systems, and grid and electrification solutions. 

Companies valued at $10 billion or more are typically classified as “large-cap stocks,” and GE Vernova fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the specialty industrial machinery industry. The company’s core strengths lie in its extensive global footprint, diverse energy portfolio, and commitment to decarbonization and electrification. Its integrated offerings span renewable energy, gas power, grid solutions, and energy financing, making it a one-stop provider for modern energy infrastructure. 

This electricity infrastructure provider is currently trading 4.1% below its 52-week high of $500.72, reached on Jun. 3. GEV has rallied 65.9% over the past three months, significantly outpacing the Dow Jones Industrial Average’s ($DOWI) slight downtick during the same time frame.

In the longer term, GEV has surged 196.2% over the past 52 weeks, considerably outperforming DOWI’s 10.2% uptick over the same time frame. Moreover, on a YTD basis, shares of GEV are up 45.9%, compared to DOWI’s marginal gain. 

To confirm its bullish trend, GEV has been trading above its 200-day moving average since mid-January, and has remained above its 50-day moving average since late April. 

On Apr. 23, shares of GEV soared 3.1% after its better-than-expected Q1 earnings release. The company’s revenue grew 10.6% year-over-year to $8 billion and exceeded the consensus estimates by 6.5%. On an organic basis, revenue increased by an even stronger 15.3%, reaching $8.2 billion. On the earnings front, its adjusted EBITDA margin expanded by 310 basis points, while its net income per share of $0.91 rebounded from a loss of $0.47 per share and topped the forecasted figure by a staggering 102.2%. The strong performance was driven by robust revenue and margin growth across all reportable segments. Looking ahead, GEV reaffirmed its fiscal 2025 guidance and expects revenue to be between $36 billion and $37 billion. 

GEV’s outperformance looks pronounced when compared to its rival, Regal Rexnord Corporation’s (RRX) marginal uptick over the past 52 weeks and 8.4% loss on a  YTD basis. 

Looking at GE Vernova’s recent outperformance, analysts remain highly optimistic about its prospects. The stock has a consensus rating of "Strong Buy” from the 26 analysts covering it. While the company is trading above its mean price target of $442.28, its Street-high price target of $546 suggests an upside potential of 13.8%.