New York, Feb 27, 2026, 14:00 EST — Regular session
GE Vernova Inc slipped roughly 1.5% Friday as equities lost ground, pressured by renewed “higher-for-longer” rate chatter after U.S. producer prices surged. Shares were trading near $863 in early afternoon action, having swung between $853.38 and $875.31. Twelve Data
The stock had just surged to $894.93 on Wednesday, brushing against its 52-week high. Then came the pullback. In this kind of market, high-multiple stocks don’t need much — even a small move in rates can throw them off balance.
The Producer Price Index (PPI), tracking prices businesses receive, climbed 0.5% in January, the Labor Department reported—coming in hotter than economists had anticipated. Core PPI, which excludes food and energy, surged 0.8%. Economists are now rethinking the timetable for a potential Federal Reserve rate cut. “I would expect the Fed to remain on pause for at least the next several months,” said Ben Ayers, senior economist at Nationwide. Reuters
That was enough for Wall Street to pull back. “Inflation has reared its ugly head again and I think valuations in tech have risen too much,” Ben Fulton, CEO of WEBs Investments, said to Reuters. Reuters
GE Vernova’s been pitched as a bet on the coming surge in power and grid infrastructure, but investors are still watching whether it can deliver. Last month, the company boosted its 2026 guidance: it’s now aiming for revenue between $44 billion and $45 billion, with free cash flow seen landing in the $5.0 billion to $5.5 billion range—free cash flow being what’s left after covering operating and maintenance outlays. Still, management called out another expected loss in the wind segment on a segment EBITDA basis, the profit measure before interest, taxes, depreciation, and amortization.
GE Vernova wrapped up its acquisition of the remaining 50% of transformer manufacturer Prolec GE in early February, shelling out $5.275 billion. The buyout was split evenly between cash and debt, according to the company. “Our customers are asking for more capacity from the grid,” Electrification CEO Philippe Piron said. GE Vernova
Investors are watching the split: hefty power and electrification contracts on one hand, while the wind segment remains a volatile force that can jolt results.
Late January brought word from the company that Vineyard Wind delays might weigh on revenue and push its wind unit further into the red. Still, GE Vernova flagged growing electricity demand from data centers and artificial intelligence. CEO Scott Strazik noted that for 2025, the company has locked in over $2 billion in electrification orders linked directly to data centers.
The January personal consumption expenditures (PCE) inflation numbers—delayed this time—are up next on March 13. This is the Fed’s preferred inflation indicator.
GE Vernova’s first-quarter earnings webcast lands April 22. Investors are keyed in on backlog conversion, any movement on grid capacity additions, and if wind margins are starting to settle.
