US Stock Market Move | Raise 2026 revenue guidance, GE Vernova (GEV.US) surges over 10% in pre-market trading.

On Wednesday, GE Vernova (GEV.US) surged over 10% in pre-market trading, reaching $689.07. On the news front, the company had previously announced a doubling of its dividend, an increase in stock buyback authorization, and raised profit expectations. The turbine manufacturer raised its quarterly dividend to $0.50 per share and increased its stock buyback authorization from $60 billion to $100 billion, largely due to a significant and growing backlog of orders, strong profit margins, and more favorable hiring prices. GE Vernova also released preliminary performance guidance for 2026, expecting revenue of $41 to $42 billion, free cash flow of $4.5 to $5 billion, and raised this year's free cash flow forecast from $3 to $3.5 billion to $3.5 to $4 billion, while maintaining revenue expectations of $36 to $37 billion, leaning towards the top end of the range. CEO Scott Strazik stated, "The company is in the early stages of creating significant value, and the future financial position will be more robust."