Venture Global expands power business targeting data centers amid Market Perform rating

Venture Global is expanding its power business by securing deals with GE Vernova and Baker Hughes to build natural gas-fired power plants for data centers, aiming to meet the high electricity demands of AI systems. The company also plans to grow its grid-independent power network for enhanced reliability. Bernstein has given Venture Global a Market Perform rating, suggesting the stock is expected to perform in line with peers, supporting a hold recommendation. Details on financial terms, capacity, and timelines remain undisclosed.

Venture Global's market capitalization stands at $31.80 billion as of Oct 19, 2026, 22:21 WIB, with a dividend yield of 1.26%, reflecting its position in the energy sector. The stock price on Pluang is USD 12.64, down 0.59% for the day, indicating a slight pullback despite the company's expansion efforts. Trading volume is robust at 22,583,016 shares, showing active investor interest around the time of these new power project announcements.