Gas Turbine Prices Up ~50% as Customers Book Slots Into 2032, CEO Says
GEV sits 67% above its 52-week low of $530.16.
Summary
On the Q3 call, CEO Scott Strazik said full-year 2026 gas equipment order pricing per kilowatt should run about 50% above 2025, and the company has already sold multiple delivery slots for 2032. Q3 gas turbine orders and slot reservations hit 11 GW against 5 GW shipped, lifting combined backlog and reservations from 116 GW to 122 GW sequentially; management expects to exit 2026 with at least 130 GW under contract versus 83 GW at the start of the year. Demand is broader than AI data centers — roughly 80% of the ~100 customers across 25 countries are traditional buyers, with only 20% tied to data centers. Pricing is already flowing through: Power segment revenue rose 25% and segment EBITDA margin expanded to 21.4%, and the company raised 2026 revenue, margin and free cash flow guidance. The caveat is mix — Strazik said per-kilowatt pricing could ease in Q4 as aeroderivative mix shifts, not because demand is softening. This lands alongside today's $9 billion Trench Group acquisition and the doubled $20 billion buyback, reinforcing the re-rating case on backlog economics.
At the time of this announcement, GEV was trading at $883.18 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $235.2B. 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: Benzinga.