GE Vernova lifts outlook on AI power demand: what it means for U.S. power, grid and data centre stocks

GE Vernova raised its 2026 revenue and profit margin outlook after strong demand for gas turbines and grid equipment linked to AI-driven data centre electricity demand. The stock jumped more than 13 percent to an all-time high, while the company also said its backlog rose to $163 billion and could reach $200 billion by 2027. The bullish part of the story is gas power and electrification. The weak part is wind, where revenue fell 23 percent and losses widened.

Winners

Gas turbine and power generation equipment

Rising electricity demand from AI-linked data centres is boosting orders for gas turbines and power equipment. GE Vernova also said it expects at least 110 GW of combined gas turbine backlog and slot r ...