GE Vernova shares rise 4.58% on nuclear permit and wind settlement

Shares rose 4.58% to $994.05 following September announcements. NRC issued first domestic BWRX-300 construction permit to TVA. Vineyard Wind litigation settled, removing legal overhang from wind segment. Secured Rotor Life Extension contract with Egyptian Electricity Holding Company.

GE Vernova secures Egypt turbine life extension deal for 1,250 MW capacity

GE Vernova signed a deal to extend the life of five gas turbines totaling 1,250 MW in Egypt. Work is scheduled between 2028 and 2035 for Kureimat, Nubaria and Cairo North plants. Stock fell 0.73% to $943.33 but remains 48.42% higher over the past 12 months. Analysts have a consensus Buy rating with an average price target of $1,187.83. Technical indicators show price below 50-day and 100-day SMAs despite long-term uptrend.

GE Vernova targets $200B backlog by early 2027 on AI demand

GE Vernova CEO Scott Strazik targets a $200 billion order backlog by early 2027. Q2 order backlog stood at $176 billion, driven by AI data center demand. Company plans a 50% increase in gas power capacity this year. Management projects $100 billion in cumulative future services revenue by 2027. Shares traded flat in premarket action, up 0.25% to $927.24.

GE Vernova stock rises as gas power commitments beat guidance

GE Vernova (NYSE: GEV) stock rose 4.10% to $918.97 following the Morgan Stanley Laguna Conference. Second-half Gas Power contract commitments are tracking to exceed the 20-gigawatt guidance. Management projects 50% growth in gas capacity additions by the end of 2026. Fourth-quarter contract commitments are expected to surpass third-quarter totals. Order backlog stood at $176 billion in the second quarter, with revenue visibility into 2030.

GE Vernova wins Stage 3 deal for Australia's Supernode battery project

GE Vernova won the Stage 3 contract for Quinbrook's Supernode battery project in Australia. The deal adds 260 MW and 1,216 MWh of four-hour storage capacity to the site. GE Vernova now provides technology for all three stages, totaling 780 MW. Shares rose 1.66% to $982.01 in premarket trading on Friday. The project marks GE Vernova's first grid-forming battery storage in Australia.

GE Vernova mostly sold out through 2030 as AI demand surges

GE Vernova reported Q2 2026 revenue of $11.104 billion, up 22%, but missed EPS estimates. The company is 'mostly sold out through 2030' with 125 GW of gas turbines under contract, driven by AI and electrification demand. Wind segment losses widened to $275 million.