Intelligence Feed event · Equity · 2026-10-02

    Evercore ISI raises GE Vernova EPS estimates on projected $200B power backlog

    Question

    Evercore ISI raises GE Vernova EPS estimates on projected $200B power backlog

    Direct answer

    GE Vernova gained nearly 4% after Evercore ISI reiterated an Outperform rating and established a $1,350 price target. The firm lifted 2027-2028 earnings per share estimates by 3% to 4%. The upward revisions reflect compounding demand for gas turbines, grid solutions, and power equipment driven by data center power requirements, with the company's backlog expected to reach $200 billion next year.

    Original publisher
    Market Ontology
    Evidence through
    2026-10-02
    Published
    2026-10-20
    Revision
    1 · 2026-10-20

    Cite as: Market Ontology, “Evercore ISI raises GE Vernova EPS estimates on projected $200B power backlog”, revision 1, evidence through 2026-10-02. https://marketontology.com/market-events/2026-10-02/evercore-isi-raises-ge-vernova-eps-estimates-on-projected-200b-power-backlog-7e0881

    EQUITY
    Evercore ISI raises GE Vernova EPS estimates on projected $200B power backlog
    GE Vernova gained nearly 4% after Evercore ISI reiterated an Outperform rating and established a $1,350 price target. The firm lifted 2027-2028 earnings per share estimates by 3% to 4%. The upward revisions reflect compounding demand for gas turbines, grid solutions, and power equipment driven by data center power requirements, with the company's backlog expected to reach $200 billion next year.
    GEV
    Impact
    67
    OCT 2
    SIG
    85%
    GEV
    Evercore ISI raises GE Vernova EPS estimates on projected $200B power backlog
    GE Vernova gained nearly 4% after Evercore ISI reiterated an Outperform rating and established a $1,350 price target. The firm lifted 2027-2028 earnings per share estimates by 3% to 4%. The upward revisions reflect compounding demand for gas turbines, grid solutions, and power equipment driven by data center power requirements, with the company's backlog expected to reach $200 billion next year.
    → Surging utility electrification orders expand GE Vernova's (GEV) forward backlog to $200B, lifting 2027-2028 earnings per share projections.
    Impact
    GE Vernova gained nearly 4% after Evercore ISI reiterated an Outperform rating and established a $1,350 price target. The firm lifted 2027-2028 earnings per share estimates by 3% to 4%. The upward revisions reflect compounding demand for gas turbines, grid solutions, and power equipment driven by data center power requirements, with the company's backlog expected to reach $200 billion next year.
    Affected
    GEV
    Transmission
    Surging utility electrification orders expand GE Vernova's (GEV) forward backlog to $200B, lifting 2027-2028 earnings per share projections.

    How this development reaches the affected companies

    AssetExposure and channelDirectionEvidence
    GEVupward consensus earnings revisions and expanding order backlogUp1-4wEvercore raised 2027-2028 EPS estimates by 3-4% with a $1,350 target and $200B backlog outlook.

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    What happened next

    AssetCallBase close+1 day+5 days+20 days
    GEVUpagreed988.70 2026-10-02+0.13%PendingPending

    Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.

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