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GE Vernova stock doubles as AI-driven power demand boosts contracts and cash flow.

Market News
24 Apr 2026
Forbes
View Source
Bullish
pluang ai news

GE Vernova's stock nearly doubled in six months, driven by soaring demand for electricity from AI data centers, which led to $2.4 billion in electrification contracts in Q1 2026 alone. The company's backlog grew to $160 billion, reflecting secured contracts and strong revenue prospects. While the wind division faces losses, robust free cash flow of $4.8 billion and increased shareholder returns support the stock's high valuation. Looking ahead, GE Vernova expects higher 2026 revenue and cash flow, with investors watching for wind segment profitability and sustained gas turbine demand.

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