Sounds like a business to be in.
From Al Root at Barron's, February 9:
GE Vernova is enjoying the fruits of an energy supercycle.
On Monday, Canadian electricity producer Maxim Power announced a sales reservation agreement with GE Vernova “to hold a manufacturing slot for a 7HA.02 gas turbine and generator package.” That requires Maxim to provide a nonrefundable deposit payable in 2026. Pricing for the turbine will be negotiated later.
Reservations and deposits are the normal course of business for GE Vernova. Still, the company is rapidly selling out its capacity through the end of the decade.
“By the time we get to 100 gigawatts [in backlog], which we’re now projecting by the end of the year, that 100 gigawatts directionally will have both 2029 and 2030 largely sold out based on where we see it today,” said CEO Scott Strazik on Jan. 28. “But sitting here today on January 28, there are still slots available for 2029.”
They may not be available for long. GE Vernova ended 2025 with 83 gigawatts of gas power generation in its backlog. GE Vernova is raising its annual production capacity to 20 gigawatts this year.
Accelerating demand growth for electricity, driven by power-hungry AI data centers, has led to the boom. The impact of a tightening market is evident everywhere. Earlier this month, Xcel and GE Vernova signed a “landmark Strategic Alliance Agreement,” which included the purchase of five F-class power generation turbines....
....MUCH MORE
Also at Barron's, February 8, an interview with the CEO:
Scott Strazik on How GE Vernova Is Riding the AI Power Surge
The stock traded to a new all-time-high this morning, $806.11, $805.66 last, up $26.31 (3.38%), up 23% year-to-date and 109% over the last twelve months.
Here's the action since GEV was spun out of the old GE via TradingView:
