GE Vernova raised its multi-year financial outlook, predicting $52 billion in revenue and a 20% EBITDA margin by 2028, up from previous targets. The company doubled its dividend and expanded share repurchase authorization to reward investors. CFO expects $22 billion in free cash flow from 2025-2028.

CEO sees electrification and energy infrastructure as key to economic growth. Power and Electrification divisions driving projections, aiming for 22% EBITDA margins and high-teens revenue growth by 2028. Wind business faces losses, but recovery expected by 2028. Plans for recurring revenues and energy tech investments.

Global energy shift towards electrification and grid resilience. GE Vernova positioned to benefit from demand growth in AI computing, industrial electrification, and renewables. Gas-fired turbines crucial for stable power generation. Revenue projections for 2025-2028, rising backlog to $200 billion by 2028, excluding planned acquisition.

GE Vernova’s financial reset reflects confidence in market opportunities. Strong growth expected in Power and Electrification segments, with plans for profitability through recurring revenues and energy tech investments. Upgraded guidance aligns with global energy sector trends towards electrification and grid resilience.

Read more at Yahoo Finance: GE Vernova Doubles Dividend and Lifts Outlook as Energy Demand Boosts Growth