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Earnings reports and order momentum at AI-related companies indicate more orders coming for GE Vernova's gas turbines. The company's customers are willing to pay upfront to secure gas turbine equipment in the future.
While the stock market has spent the last two years obsessed with microchips and artificial intelligence (AI) software, a quiet revolution has taken place in the physical world. The massive data centers required to run AI models have an insatiable appetite for electricity, and the aging global power grid is struggling to keep up.
GEV, CEG & MNTK are poised to gain from wind and EV growth, fueled by policy support and tech gains, even as tariffs and expiring tax credits push clean energy costs higher.
India's infrastructure boom is creating opportunities for U.S. industrial companies with the scale and capabilities to serve the world's most populous nation.
CALGARY, Alberta, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announces that it has entered into a gas turbine and generator reservation agreement (the “Agreement”) with GE Vernova (NYSE: GEV). The Agreement allows MAXIM to hold a manufacturing slot for a 7HA.02 gas turbine and generator package (the “Gas Turbine”) with a target delivery by 2030. To hold this manufacturing slot, MAXIM is required to provide a non-refundable deposit which is payable in 2026. Under the Agreement, the parties agree to negotiate in good faith to reach a definitive sales agreement for the purchase of the Gas Turbine. The purchase price for the Gas Turbine will be agreed to in the definitive agreement and the deposit will be credited towards the final purchase price.
GE Vernova's gas turbine orders and backlog are surging due to AI-driven power demand. Slot reservation agreements for gas turbine equipment signal robust future demand and customer commitment.
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Amazon.com and Alphabet recently confirmed a gigantic expabnsion in capital spending to fund AI growth, GE Vernova expects to more than double its earnings over the next few years. These 10 Stocks Could Mint the Next Wave of Millionaires ›
Data centers are bypassing utility grids and locking big orders for GE Vernova's turbines. GE Vernova ended 2025 with a backlog of $150 billion.
GE Vernova shares climb 9.7% in a month as AI-driven power demand, wind repowering orders and grid investments support growth.
GE Vernova (GEV) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SCHENECTADY, N.Y.--(BUSINESS WIRE)--GE Vernova's Onshore Wind business announced today that it received orders in 2025 to repower 1.1 gigawatts (GW) of onshore wind turbines in the U.S. The projects will use nacelles and drive trains manufactured in the U.S. at GE Vernova's Pensacola, Florida facility, where approximately 20 percent of the workers are veterans, supporting U.S. energy abundance, affordability, and security. Uzair Memon, Chief Commercial Officer for GE Vernova's Onshore Wind Serv.
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Electricity consumption by U.S. data centers is expected to grow by 133% by 2030. In 2025, GE Vernova more than tripled the value of orders it signed directly with data centers.
CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova (NYSE: GEV) is pleased to announce the closing of its previously announced registered public offering of Senior Notes. GE Vernova intends to use the net proceeds from the offering for general corporate purposes, including financing a portion of the acquisition of the remaining fifty percent stake of Prolec GE that closed on February 2, 2026. The offering consists of the following tranches: $600 million aggregate principal amount of 4.250% Senior Not.
GE Vernova's stock has more than doubled over the past year. Its Power and Electrification businesses are booming as the AI market expands.
In 2025, GE Vernova more than tripled its direct orders for data centers over the previous year. GE Vernova has grown its backlog to $150 billion.
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CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova Inc. (NYSE: GEV) today announced it has completed the acquisition of the remaining 50% stake of Prolec GE, its former unconsolidated joint venture with Xignux (“Prolec GE”). The transaction, originally announced in October 2025, closed following receipt of all required regulatory approvals, for a purchase price of $5.275 billion, funded as previously disclosed with an equal mix of cash and debt. Prolec GE is an electric industry leader in North Amer.
CAMBRIDGE, Mass.--(BUSINESS WIRE)--GE Vernova (NYSE: GEV) today announced that it has launched a registered public offering of senior notes, subject to market and other conditions. The net proceeds from the offering are intended to be used for general corporate purposes, including financing a portion of the acquisition of the remaining fifty percent stake of Prolec GE that is expected to close on February 2, 2026. Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Morgan Stanley &am.