GEV or VWDRY: Which Wind Turbine Stock Offers Greater Prospect Now?

By Aparajita Dutta | August 27, 2025, 9:33 AM

Supportive government policies, rapidly rising electricity demand, offshore wind expansion, and the improving economics of wind technology are fueling unprecedented investment in the wind industry amid the relentless global shift toward clean energy. GE Vernova (GEV) and Vestas Wind Systems (VWDRY), two prominent wind turbine manufacturers, are capitalizing on this investment trend by advancing the scale and efficiency of their turbines while expanding their geographic reach.

GE Vernova stands out as a U.S.-based energy leader, offering a broad portfolio that spans onshore and offshore wind, grid and storage solutions, as well as next-generation power technology ranging from hydro to nuclear. On the other hand, Vestas Wind Systems, a Danish wind power giant, focuses singularly on the design, manufacturing, installation and service of wind turbines.

Against this backdrop, both GEV and VWDRY offer access to the core of the green energy transition. To see which one offers better prospects right now, we need to look at their strengths and weaknesses, outlined below.

Financial Stability & Future Growth Drivers: GEV vs VWDRY

GE Vernova’s cash and cash equivalents as of June 30, 2025, totaled $7.89 billion, while both the current and long-term debt values were nil. A comparative analysis of these figures reflects that GE Vernova boasts a strong solvency position, which, in turn, should enable the company to duly meet its commitment to invest $9 billion in cumulative research and development (R&D) and capital expenditure through 2028.

As part of this plan, GE Vernova’s Wind segment aims to invest nearly $100 million in its manufacturing facilities in Pensacola, FL; Schenectady, NY; and Grand Forks, ND, as well as in its remanufacturing facility in Amarillo, TX. GEV also has plans to invest a total of nearly $20 million to expand capacity at its Grid Solutions facilities in Charleroi, PA, which should duly support the smooth integration of renewable electricity across the United States.

On the other hand, Vestas Wind Systems had cash and cash equivalents of approximately $3.54 billion as of June 30, 2025. As of the same date, the company’s long-term debt totaled approximately $3.03 billion, while its current debt was nearly $0.87 billion. A comparative analysis of these figures implies that VWDRY also boasts a solid solvency position, which should enable it to invest in product innovation and ramp up its manufacturing capacity for existing products, such as the V236-15.0 megawatt (MW) platform, to seize expanding market opportunities.

In terms of growth drivers, increasing demand for both offshore and onshore wind is boosting the overall prospect for the wind industry, as renewables are steadily outperforming fossil-fuel-based electricity in terms of cost-effectiveness. This demand trend should benefit both GEV and VWDRY as both are making notable efforts to expand their business reach in the wind industry.

In May 2025, it was announced that Vestas will acquire a blade factory from GEV’s LM Wind Power business in Goleniów, Poland. While this deal will strengthen VWDRY’s European manufacturing capacity to meet rising wind energy demand, for GE Vernova, it streamlines operations and frees up capital to reinvest in core EU facilities, enhancing focus on producing wind products for European customers.

Apart from the growth traits of the wind energy industry, increasing demand for efficient grid and storage solutions, along with rising use of non-fossil energy sources like hydro and nuclear, has been playing the role of an additional growth catalyst for GEV. VWDRY lags behind as it remains solely focused on wind turbine development and associated services.

Risks of Investing in GEV vs VWDRY

Since both GEV and VWDRY operate in the wind industry, they share some common risks. Notably, the offshore wind segment has been witnessing rising material costs, persistent supply-chain issues, and regulatory delays, thereby impacting project viability and causing delays in hitting ambitious deployment targets. This remains a major risk for wind stocks like GEV and VWDRY.

Further, the already disruptive supply chain of the industry has been exacerbated by the increased import tariffs imposed by the U.S. government in early 2025, which bears every possibility of further pushing up the costs of raw materials, installation as well as delay in project completion.

Apart from these shared risks, GEV faces some unique threats on account of its diversified portfolio, particularly from its nuclear exposure. Since GEV’s operations involve the handling, use, transportation, and disposal of radioactive and hazardous materials, including nuclear fuel, nuclear power devices and their components, the company is subject to international, federal, state, and local regulations governing the usage and disposal of such materials. If GEV fails to follow any of these regulations, or if damage occurs during the transport or disposal of these materials, the company may face significant costs.

How Do Zacks Estimates Compare for GEV & VWDRY?

The Zacks Consensus Estimate for GE Vernova’s 2025 sales and earnings per share (EPS) implies an improvement of 6.7% and 44.1%, respectively, from the year-ago quarter’s reported figures. The stock’s near-term EPS estimates have also moved north over the past 60 days.