GEV — GE Vernova

_Last updated 2026-10-23 12:00 ET from report; first written 09:00 ET. Screening/research, not investment advice._

Business

Power generation (gas turbines, nuclear, wind) and grid/electrification equipment — GE Vernova IR.

Catalysts, guidance & news

• −10.64% Oct 22 with AI-power names (Bloom −10.7%, Vistra −10.5% intraday), already −3–5% before the open (FinancialMarkets.com, 2026-10-22). No company-specific catalyst verified.
• Next earnings 2026-10-28 BMO (`elevated`) (TRAI). Sits in TRAI's semis correlation cluster, not with Industrials — top short-momentum row today.
• 12:00 ET update: Oct 22 close $827.42 (O 896, H 901.6, L 813.26), lowest since Mar 31; contractors MTZ/DY/PRIM hit 52-week lows (Kalkine, 2026-10-23). Rebounded premarket with focus shifting to the print (Benzinga, 2026-10-23). Intraday: open −0.29%, low −3.75% in the 9:35 bar, −2.45% at 10:00, +0.11% ($828.37) at 12:05 (Yahoo 5m). No EDGAR filings since Oct 19.
• Earnings confirmed: Wed Oct 28 before the open, webcast 7:30 AM ET (GE Vernova, 2026-10-13). BofA (Obin, Oct 20): orders ~$21B (+44% y/y, book-to-bill 1.70) vs $22.2B consensus; Power $13.4B, Electrification $6.2B, Wind $1.5B (−18%); gas contracts 13 GW in Q3 vs 20 GW in Q2; revenue $12.4B / adj. EBITDA $1.8B (3%/7% above consensus); Buy, PT $1,310 (Benzinga, 2026-10-20). Consensus EPS ~$3.99 / revenue ~$11.99B (MarketBeat via search summary; unverified).
• Prior guide (verified, whiggity 12:00 consult): on Jul 22 (Q2) GEV raised FY26 revenue to $45.5–46.5B (from $44.5–45.5B) and FCF to $11.5–12.5B (from $6.5–7.5B), and kept adj. EBITDA margin at 12–14%. Q2 orders were $24.2B (+88% organic), backlog $176B (GE Vernova Q2 release, SEC EDGAR). Oct 28 lands the same day as KLAC/MSFT/GOOGL after the close.
• Read-through: Bloom Energy −11.5% Oct 23 on a beat-and-raise with −$181M FCF (report §2.3). Same-morning print: VRT; FOMC decision that day; MSFT/GOOGL after the close.
• In today's short_momentum bucket GEV has no clusterFlag even though it is in cluster 1 (S-023). Replay (my calc): short_momentum n5, mean +1.76% — anecdote.

TRAI data (2026-10-23 8:53 AM ET premarket run; daily stats = Oct 22 session)

• Sector (TRAI): Industrials. Oct 22: -10.64%, relVol 2.67, ATR 6.01%, beta60 1.97, indicated gap -0.38%, signals: short_momentum (TRAI /api/latest).
• Next earnings: 2026-10-28 BMO, gap risk elevated (TRAI /api/events, asOf 2026-10-23).
• Typical earnings reaction (last 4): avg |gap| 4.45% (1.1 ATR), max |gap| 8.56%, gap fill rate 50%, continuation 50%, avg day-1 move in gap direction +0.07% (TRAI /api/events).
• Recent events: 2025-10-22 BMO: gap +3.70%, day-1 -5.11%, close-close -1.59%, EPS surprise -11.67%; 2026-01-28 BMO: gap -0.19%, day-1 +2.92%, close-close +2.73%, EPS surprise 316.08%; 2026-04-22 BMO: gap +8.56%, day-1 +4.78%, close-close +13.75%, EPS surprise 771.56%; 2026-07-22 BMO: gap -5.36%, day-1 -3.52%, close-close -8.69%, EPS surprise -22.44% (TRAI /api/events).
• Correlation cluster 1 (avg ρ 0.588, 60d): ON, MCHP, TXN, ADI, CAT, ANET, VRT, GEV, ETN, AVGO, MU, TSM, ASML, KLAC, AMAT, LRCX, MRVL, ARM, AMD, INTC, NVDA, ORCL, SMCI, DELL (TRAI /api/correlations, asOf 2026-10-22).
• Highest 60d correlations: ETN 0.82, CAT 0.74, VRT 0.73, ASML 0.72, ANET 0.71 (TRAI /api/correlations).

Sector note

• AI power & data-center infrastructure

Report links

• 2026-10-23 09:00 — semis selloff
• 2026-10-23 12:00 — AI power, industrials, healthcare

2026-11-06 12:00 update — India 6 GW HVDC booking

• Primary 2026-11-06: PGCIL ±800 kV / 6 GW (2×3000 MW) HVDC Barmer–South Kalamb; booked Q4 2026; full EPC of converter stations; Indian LCC valve manufacturing.
• SM residual on 8:58 run (Thu −7.48%) — suspended; do not reactivate SM on the press release (S-141 class). Yahoo ~12:10 ET ~+0.6%.
• Remains cluster 1 with semis / ETN / CAT / VRT (GEV–ETN ρ 0.876), not with UNP/HON.
• Source: 2026-11-06 12:00 report.