GE Vernova Inc. (NYSE:GEV) is scheduled to release its first quarter 2025 financial results on April 23, 2025.

As per data from Benzinga Pro, analysts expect adjusted earnings per share of 42 cents with sales of $7.54 billion.

BofA Securities analyst Andrew Obin writes, “We expect GE Vernova to be one of the few companies in our coverage to reiterate 2025 guidance ($36-$37bn revenue, high-single-digit adj. EBITDA margin).”

He adds peer Siemens Energy AG’s (OTC:SMEGF) (OTC:SMNEY) March quarter results and FY25 guidance raise add to conviction.

Also Read: BofA Sees Mostly Inline Q1 For Industrials, Highlights 3M, JCI, GE Vernova As Top Picks

“We believe an inline quarter and maintained 2025 guidance would be enough to drive a relief rally in GEV shares.”

BofA Securities forecasts a 1Q25 adjusted EBITDA of $0.3 billion, which aligns with the consensus.

The analyst reiterates a Buy rating with a price target of $485.

Earlier this month, GE Vernova announced its plan to supply seven high-efficiency 7HA.02 gas turbines capable of running on hydrogen, with initial deliveries set for 2026.

This transformation aims to support the increasing demand for artificial intelligence and high-performance computing from leading technology companies driving America’s digital future.

Analyst Obin adds that during recent earnings calls, U.S. electric utilities said it’s getting harder to secure gas turbines because there are fewer available production slots. They also noted that turbine prices are rising and companies are now being charged again to reserve manufacturing slots.

BofA Securities writes the recent order announcements (e.g., 4.5 gigawatt order) are positive.

Siemens Energy’s total orders rose 52% y/y on an organic basis, or a 1.45x book-to-bill.

BofA Securities sees “tariff exposure as manageable and views GEV as a beneficiary of U.S. deregulation efforts in power generation.”

GE Vernova spends about $20 billion on materials, which accounts for 55%-60% of its product costs. Only about 5% of that comes from imports — mostly from Mexico, with smaller amounts from Canada and China.

Tariffs on steel and aluminum are expected to have a limited impact, estimated at under $200 million.

Most of GEV’s Vernova service contracts last around 15 years and include inflation protections.

Equipment contracts are shorter but include large upfront and milestone payments. GE Vernova also uses strategies such as hedging, supply agreements and raw material stockpiling to reduce tariff-related costs.

Recent U.S. deregulation efforts are seen as a boost for natural gas power.

These include fast-tracking new power projects, revisiting emissions rules and reviewing state-level greenhouse gas regulations that affect interstate issues.

GEV Price Action: GE Vernova stock is down 4.69% at $308.39 at publication Monday.

Read Next:

• Chevron & TotalEnergies Fire Up Ballymore: Deepwater Gulf Project Targeting 150 Million Barrels Over Life

Photo: GE Vernova’s onshore wind turbine, Courtesy GE Vernova