GE Vernova (GEV.TO) Stock Analysis & Winston Score

GE Vernova makes equipment and provides services for generating and delivering electricity. It builds gas turbines, wind turbines, and other power generation technology, and also makes the grid equipment that moves electricity from power plants to homes and businesses. The company was spun off from General Electric in 2024 and is one of the largest energy technology companies in the world. GE Vernova earns revenue by selling power equipment, servicing its large installed base of turbines, and providing electrification and grid solutions. It operates globally, serving utilities, governments, and industrial customers across more than 100 countries. Its massive installed base of gas turbines creates a durable stream of recurring service revenue, giving it a strong competitive position. Key growth drivers include rising global electricity demand, grid modernization spending, and the energy transition, though the company faces ongoing challenges in improving profitability in its wind business.