New York, Feb 27, 2026, 14:00 EST — Regular session
GE Vernova Inc shares fell about 1.5% on Friday, easing with a broader equities retreat after a jump in U.S. producer prices revived “higher-for-longer” rate talk. The stock was around $863 by early afternoon, after moving between $853.38 and $875.31. 1
That pullback comes after a quick run-up that pushed the stock to $894.93 on Wednesday, near the top of its 52-week range. In that kind of tape, even a modest shift in rates can rattle high-multiple names. 2
The Producer Price Index (PPI) — a gauge of prices received by businesses — rose 0.5% in January, above economists’ forecasts, the Labor Department said. So-called core PPI, which strips out food and energy, jumped 0.8%, and economists pushed out expectations for the next Federal Reserve rate cut. “I would expect the Fed to remain on pause for at least the next several months,” Ben Ayers, senior economist at Nationwide, said. 3
Wall Street took it as another reason to trim risk. “Inflation has reared its ugly head again and I think valuations in tech have risen too much,” Ben Fulton, CEO of WEBs Investments, told Reuters. 4
GE Vernova has been treated as a way to play the buildout of power and grid gear, but it is still an execution story. The company last month lifted its 2026 outlook, targeting revenue of $44 billion to $45 billion and free cash flow — cash left after spending to run and maintain the business — of $5.0 billion to $5.5 billion, and it flagged another year of losses in wind (using segment EBITDA, a profit metric before interest, taxes, depreciation and amortization). 5
In early February, GE Vernova completed its purchase of the remaining 50% stake of transformer maker Prolec GE for $5.275 billion, funded with an equal mix of cash and debt, the company said. “Our customers are asking for more capacity from the grid,” Electrification CEO Philippe Piron said. 6
Investors also keep one eye on the mix: big-ticket power and electrification orders on one side, and a wind business that can still swing results on the other.
The company said in late January that delays on Vineyard Wind could hit revenue and deepen losses in its wind unit, even as it pointed to rising electricity use tied to data centers and artificial intelligence. CEO Scott Strazik said GE Vernova signed more than $2 billion of electrification orders directly tied to data centers in 2025. 7
Next on the macro calendar is the delayed January personal consumption expenditures (PCE) inflation report on March 13, a key gauge for the Fed. 8
For GE Vernova, the next hard catalyst is its first-quarter earnings webcast on April 22, when investors will look for updates on backlog conversion, grid capacity additions and whether wind margins are stabilising. 9
