Changes in US stocks | Increased 2026 revenue guidance GE Vernova (GEV.US) surged more than 10% before the market

The Zhitong Finance App learned that on Wednesday, GE Vernova (GEV.US) surged more than 10% in the premarket to $689.07. According to the news, the company previously announced that it would double dividends, increase share repurchase authorizations, and raise profit expectations. The turbine maker raised its quarterly dividend to $0.50 per share and raised the share repurchase authorization from $6 billion to $10 billion, mainly due to a large and growing backlog of orders, strong profit margins, and better hiring prices.

GE Vernova also released preliminary results guidance for 2026, with projected revenue of $41 billion to $42 billion and free cash flow of $4.5 billion to $5 billion, while raising this year's free cash flow forecast from $3 billion to $3.5 billion to $3.5 billion to $3.5 billion, and maintaining revenue expectations of $36 billion to $37 billion, trending towards the top of the range. Scott Strazik, CEO of GE Vernova, said: “The company is in the early stages of creating significant value, and the financial situation will be more robust in the future.”