On August 18, GE Vernova Inc. rose 3.28% in regular trading, trading at $1,098.08/share, with turnover of $951 million. The rally was catalyzed by multiple major investment banks issuing reports highlighting that global gas turbines have entered a \"super cycle.\"
According to the latest industry research, global gas turbine orders in Q2 reached approximately 38GW, surging 71% year-over-year to a record high, with the United States accounting for nearly half of total volume. GE Vernova's most recent quarterly results underscored this trend, with Q2 orders hitting $24.2 billion and organic growth of 88%. CEO Scott Strazik stated the company is \"mostly sold out\" through 2030, expecting at least 125GW of gas equipment under contract by year-end, while targeting 30GW annual production capacity by 2030. The company also raised its full-year free cash flow guidance to $11.5-$12.5 billion and revenue outlook to $45.5-$46.5 billion, supported by surging demand from AI data centers and grid modernization.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)