GE Vernova's turbine backlog surges, CEO says sold out through 2030, driving strong cash flow and dividend hikes.

GE Vernova is experiencing explosive growth with a backlog of $176 billion, expected to reach $200 billion in 2027. The company is nearly sold out through 2030, driven by high demand for gas turbines and electrification equipment, especially from data centers. Q2 free cash flow hit $5.1 billion, surpassing all of 2025, prompting a dividend doubling and a $10 billion buyback authorization. Despite challenges in its wind segment, GE Vernova's strong order growth and cash flow make it a key player in the AI energy supply chain, with a bullish outlook through 2030.

GE Vernova (GEV) trades at USD 953.31 on Pluang as of Sep 23, 2026, just below its 52-week high of $1.17K and well above the 52-week low of $547.96. Despite a modest 1-day gain of 0.75%, the stock's market cap stands strong at $252.01 billion. This price positioning contrasts with the company's robust backlog growth and cash flow highlights mentioned in the news, reflecting steady investor interest with a balanced 52% buy and 48% sell order activity.