AI Data Center Boom Drives 137% Surge in GE Vernova Gas Turbine Orders
GEV sits 66% above its 52-week low of $530.16.
Summary
GE Vernova's Q2 gas turbine new orders hit 12.1 GW, up 137% year over year, with power segment backlog climbing to $111.6 billion and the order book stretching to 5.31 years. Bloom Energy also posted explosive growth, with revenue up 165.5% to $1.065 billion and full-year guidance raised to $3.9B-$4.2B. The AI data center power shortage is clearly translating into massive order flow for both companies. This follows GE Vernova's raised 2026 revenue forecast in July and its $166M manufacturing expansion in Pennsylvania. The supply chain is bifurcating between companies with real orders and those still in qualification stages, which could impact supplier stocks. Watch for further order announcements as data center buildouts accelerate.
At the time of this announcement, GEV was trading at $882.21 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $235.1B. The 52-week trading range was $530.16 to $1,195.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.