GEV vs CEG: GE Vernova vs Constellation Energy Stock Comparison: AI Score, Valuation, Performance and Upside
GE Vernova is the equipment and services play on AI-driven power demand — it builds the gas turbines and grid infrastructure powering new data centers. Constellation Energy is the generation play — it owns the nuclear plants providing 24/7 carbon-free electricity data centers need. GE Vernova benefits from capex orders; Constellation benefits from higher power prices and long-term PPAs.
Use this GEV vs CEG comparison to evaluate two ways to invest in the AI data center power supercycle. GE Vernova profits from building the power infrastructure; Constellation profits from generating the electricity. Both benefit from surging demand, but through different business models.
GEV holds the edge across 3 of 5 key metrics in this comparison. GEV has delivered stronger 1-year price return (+51.60% vs -20.79%), though CEG has the better forward P/E setup (20.74x vs 36.48x for GEV). CEG leads on both revenue growth (23.00%) and operating margin (8.66%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for GEV (+35.15%) than for CEG (+25.86%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to the equipment and services side of the AI data center power buildout
- Believe gas turbine demand will remain strong as utilities build new dispatchable generation capacity
- Value the high-margin services backlog from GE Vernova's massive installed base of power equipment
- Want grid modernization exposure alongside traditional power generation equipment
- Prefer direct exposure to power generation and nuclear energy as the premium clean baseload source
- Value long-term power purchase agreements with hyperscalers as providing revenue visibility and pricing power
- Believe nuclear energy will command an increasing premium as the only scalable 24/7 zero-carbon power source
- Want utility-like stability combined with AI data center demand growth at premium power prices
| Metric | GEV | CEG |
|---|---|---|
| AI scorei | 52.0 | 50.3 |
| AI ranki | #369 | #472 |
| Latest closei | $946.22 | $262.11 |
| 1M returni | -1.11% | -3.95% |
| 6M returni | +7.20% | -9.54% |
| 1Y returni | +51.60% | -20.79% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | GEV | CEG |
|---|---|---|
| 1Y ago | $14.68K (+46.8%) started 2025-09-22 | $7.55K (-24.5%) started 2025-09-22 |
| 5Y ago | $66.83K (+568.3%) started 2024-04-01 | $66.47K (+564.7%) started 2022-01-19 |
| 10Y ago | $66.83K (+568.3%) started 2024-04-01 | $66.47K (+564.7%) started 2022-01-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | GEV | CEG |
|---|---|---|
| Market capi | $243.67B | $98.05B |
| Trailing P/Ei | 26.24 | 27.03 |
| Forward P/Ei | 36.48 | 20.74 |
| Price/Salesi | N/A | 3.87 |
| EV/Revenuei | 5.59 | 3.91 |
| Analyst targeti | $1,236.43 | $348.30 |
| Target upsidei | +35.15% | +25.86% |
| Metric | GEV | CEG |
|---|---|---|
| Revenue growthi | 21.90% | 23.00% |
| Earnings growthi | 32.80% | -46.80% |
| EPS growthi | +32.80% | -46.80% |
| FCF margini | +38.01% | -21.19% |
| Operating margini | 7.47% | 8.66% |
| Profit margini | 23.04% | 11.08% |
| ROIC proxyi | 82.58% | 15.06% |
| Return on equityi | 82.58% | 15.06% |
| Dividend yieldi | 0.22% | 0.62% |
| Payout ratioi | 5.73% | 15.92% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 1.03 | 1.12 |
| Debt/equityi | 28.36 | 76.42 |
| Current ratioi | 0.85 | 1.46 |
| Quick ratioi | 0.56 | 0.47 |
Over the past year, GEV and CEG have moved weakly in the same direction (correlation of 0.37), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | GEV | CEG |
|---|---|---|---|
| 1Y | Growthi | +46.84% | -24.49% |
| CAGRi | +46.94% | -24.53% | |
| Volatilityi | 52.69% | 47.38% | |
| Sharpe ratioi | 0.91 | -0.45 | |
| Sortino ratioi | 1.39 | -0.62 | |
| Max drawdowni | 25.54% | 41.45% | |
| Current drawdowni | 19.46% | 35.11% | |
| Avg drawdowni | 8.70% | 23.47% | |
| Ulcer Indexi | 10.77% | 26.03% | |
| Max daily dropi | 10.50% | 10.90% | |
| Max wkly dropi | 15.05% | 15.28% | |
| 5Y | Growthi | +567.27% | +543.93% |
| CAGRi | +115.25% | +48.95% | |
| Volatilityi | 53.30% | 48.89% | |
| Sharpe ratioi | 1.63 | 0.97 | |
| Sortino ratioi | 2.48 | 1.49 | |
| Max drawdowni | 38.29% | 50.70% | |
| Current drawdowni | 19.46% | 35.11% | |
| Avg drawdowni | 7.78% | 12.88% | |
| Ulcer Indexi | 11.24% | 17.15% | |
| Max daily dropi | 21.52% | 20.85% | |
| Max wkly dropi | 17.79% | 19.29% | |
| 10Y | Growthi | +567.27% | +543.93% |
| CAGRi | +115.25% | +48.95% | |
| Volatilityi | 53.30% | 48.89% | |
| Sharpe ratioi | 1.63 | 0.97 | |
| Sortino ratioi | 2.48 | 1.49 | |
| Max drawdowni | 38.29% | 50.70% | |
| Current drawdowni | 19.46% | 35.11% | |
| Avg drawdowni | 7.78% | 12.88% | |
| Ulcer Indexi | 11.24% | 17.15% | |
| Max daily dropi | 21.52% | 20.85% | |
| Max wkly dropi | 17.79% | 19.29% |
| Category | GEV | CEG |
|---|---|---|
| Company | GE Vernova Inc. | Constellation Energy Corporation |
| Sector | Industrials | Utilities |
| Industry | Specialty Industrial Machinery | Utilities - Independent Power Producers |
| Core business | Global energy equipment and services company spun off from GE, providing gas turbines, wind turbines, grid solutions, and power plant services. Powers roughly 25% of the world's electricity. | Operator of the largest US nuclear fleet with 21 reactors, retail and wholesale electricity businesses, and long-term power purchase agreements with hyperscalers and data center operators. |
| Investor focus | Gas turbine order growth driven by AI data center power demand, grid modernization revenue, wind turbine margin recovery, and services backlog expansion. | Nuclear fleet utilization, AI data center power agreements (Microsoft, others), clean energy premium pricing, and the Calpine acquisition expansion. |
- Dominant gas turbine franchise (HA turbines) is the primary beneficiary of new natural gas power plant builds for AI data centers
- Massive installed base of power equipment creates a durable, high-margin services and parts revenue stream
- Grid solutions business benefits from the multi-decade grid modernization cycle required for electrification and renewable integration
- Largest nuclear power operator in the US with the lowest-carbon large-scale baseload fleet
- High-value long-term power purchase agreements with hyperscalers who need 24/7 carbon-free electricity
- Nuclear energy increasingly valued as the only scalable, always-on, zero-carbon power source for data centers
- Onshore wind business has historically generated losses — margin recovery timeline remains uncertain
- Gas turbine demand is cyclical and tied to utility capex decisions that can shift with policy or regulation
- Post-spinoff execution as an independent company — building standalone infrastructure and culture
- Nuclear plant maintenance, safety, and regulatory risk are inherent to nuclear operations
- Power purchase agreement pricing tied to clean energy policy and regulation
- Calpine acquisition integration execution and leverage management
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.
Full valuation workup with AI Score, Monte Carlo forecast, and bull/bear case — free preview, premium data from $3.99.