GE Vernova Inc. (NYSE:GEV) on Monday announced an agreement with Stadtwerke Heidenheim AG to manufacture and deliver three 5.5 MW-158m onshore wind turbines for Germany’s Schlotberg-Jüchsen wind farm.
The contract also includes a 20-year maintenance and service agreement, extending the companies’ partnership and supporting Germany’s renewable energy expansion. The order was booked in the fourth quarter of 2026.
The financial terms of the contract were not disclosed.
Project Details And Timeline
This marks the sixth wind energy project between the companies. Once completed, Stadtwerke Heidenheim’s installed capacity from GE Vernova turbines in Germany will reach 74 MW.
The turbines will be manufactured at GE Vernova’s Salzbergen facility, one of the company’s 13 locations in Germany.
Deliveries are expected to begin in August 2027, with the turbines scheduled to enter service in December 2027.
Read Also:GE Vernova CEO Says Gas Turbine Prices Are Up 50% — And Customers Are Booking into 2032
Management Commentary
Marcas Breatnach, Executive Sales Leader for Northern Europe at GE Vernova, said the agreement builds on the companies’ longstanding relationship. He also highlighted GE Vernova’s continued investment in its Salzbergen facility and its efforts to strengthen Germany’s domestic manufacturing and supply chain capabilities.
Raphael Kaim, Head of Renewable Energy at Stadtwerke Heidenheim, said securing a dependable supplier was critical given the project’s previous delays and strict regulatory deadlines. He cited GE Vernova’s delivery timelines and technical capabilities as important factors in keeping construction and commissioning on schedule.
Recent Earnings Snapshot
In October, GE Vernova reported third-quarter 2026 results, with earnings and revenue above Wall Street expectations, driven by Power and Electrification. Diluted GAAP EPS came in at $4.81, beating the $4.01 analyst estimate, while revenue rose 27% year over year to $12.642 billion from $9.969 billion, topping the $11.991 billion estimate.
GE Vernova raised 2026 revenue guidance to $46.5 billion-$47.5 billion from $45.5 billion-$46.5 billion, compared with the $46.244 billion analyst estimate.
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $1137.50 (high: $1400.00; low: $540.00) across 25 analysts. Recent analyst moves include:
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Argus Research: Buy (Lowers Target to $1100.00) (Nov. 3)
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Guggenheim: Buy (Lowers Target to $1400.00) (Nov. 2)
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HSBC: Upgraded to Buy (Raises Target to $1100.00) (Oct. 30)
How GE Vernova (GEV) Ranks On Momentum And Value
Below is the Benzinga Edge scorecard for GE Vernova, highlighting its strengths and weaknesses compared to the broader market:
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Momentum: Neutral (Score: 37.97) — The stock’s trend signals are mixed, with recent pressure still evident versus key moving averages.
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Value: Weak (Score: 13.13) — The valuation profile screens as expensive versus typical value benchmarks, even after the pullback.
The Verdict: GE Vernova’s Benzinga Edge signal reveals a mixed setup where momentum is only moderate while value screens weak. For longer-term investors, that combination often argues for patience—watching for technical repair (reclaiming key moving averages) before treating rebounds as durable trend reversals.
GEV Price Action: GE Vernova shares were up 1.93% at $789.06 during premarket trading on Monday, according to Benzinga Pro data.
Photo via Shutterstock
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This article GE Vernova Lands Wind Turbine Order With 20-Year Service Deal originally appeared on Benzinga.com
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