GE Vernova Inc.(US:GEV) Yahoo Finance·2026-02-07 13:14Core Insights - GE Vernova exemplifies the positive sentiment shift in the clean energy transition and the increasing power demand driven by AI applications, showing strong performance in its latest results and a robust start to 2026 [1] Group 1: Stock Performance - GE Vernova's stock increased by 11.1% in January and is up 12.9% in 2026, with over 100% growth in the past year, marking a significant recovery from its previous struggles as part of General Electric [2] - The company faced concerns at the end of the 2010s regarding its gas turbine equipment and services amid fears of a shift towards solar and wind power, which were perceived to limit growth prospects [2] Group 2: Demand and Orders - The demand for gas turbines has surged due to the challenges of renewable energy intermittency and the rising power needs for AI-driven data centers, leading to increased gas turbine orders measured in gigawatts (GW) [3] - Gas turbine orders are projected to grow significantly, with orders increasing from 9.8 GW in 2022 to 29.8 GW in 2025 [4] - The backlog of gas power equipment has risen from 33 GW at the end of 2024 to 40 GW at the end of 2025, with customers now signing slot reservation agreements (SRAs) to secure future production slots, growing from 29 GW to 43 GW in the same period [5] Group 3: Future Outlook - CEO Scott Strazik provided an optimistic forecast for 2026, expecting to reach approximately 100 GW under contract, with anticipated shipments in the high teens in gigawatts and new contracts exceeding 30 GW [6] - The substantial increase in the installed base of heavy-duty gas turbines is expected to lead to a significant rise in high-margin services revenue in the future [6]