GE Vernova stock gains 0.63 percent near its yearly high

Published on 09/22/2026 at 14:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GE Vernova stock closed at USD 946.22 on September 21, 2026, with a USD 252 billion market value. Its backlog reached USD 176.3 billion in Q2 2026.

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GE Vernova Inc. (ISIN US36828A1016) closed at USD 946.22 on the NYSE on September 21, 2026, up 0.63 percent from the prior close. The stock remains below its 52-week high of USD 1,195.94, while the company valuation stood at USD 252 billion.

Backlog reaches USD 176.3 billion

The operating picture remains defined by contracted demand. According to The Motley Fool on September 21, 2026, GE Vernova reported USD 176.3 billion in remaining performance obligations in the second quarter of 2026. That figure represents contracted work still to be delivered and gives the stock a substantial order-visibility component.

The same Q2 2026 report cited a Gas Power equipment backlog of 116 gigawatts. The comparison between the USD 176.3 billion obligation base and the 116 gigawatts of Gas Power equipment backlog shows that the backlog is not concentrated in a single contract metric, but spans equipment, services and other commitments.

Analyst target remains elevated

At the Morgan Stanley Laguna Conference, Bernstein reaffirmed a Buy rating and a USD 1,298 price target, according to TheStreet on September 21, 2026. The target is USD 351.78 above the September 21 closing price, an implied difference of about 37.2 percent based on those two quoted values.

The counter-factor is valuation sensitivity. The stock's 52-week range extends from USD 530.16 to USD 1,195.94, so the current price is USD 416.06 above the low and USD 249.72 below the high. That wide range places execution, order conversion and expectations at the center of the investment case.

GE Vernova stock closes at USD 946.22

GE Vernova stock closed at USD 946.22 on the NYSE on September 21, 2026, after trading between USD 945.42 and USD 962.85. Market capitalization was USD 252 billion, and reported volume was 4.9 thousand shares against average volume of 2.6 million shares.