GEV

X-Energy and GE Vernova both develop small modular nuclear reactors. GE Vernova is an established industrial giant with a massive $176 billion backlog.

GE Vernova (GEV +0.27%) and Bloom Energy (BE +8.27%) are addressing the AI data center power shortage from opposite directions. One brings generation and grid scale.

GE Vernova demonstrates impressive growth across Power and Electrification segments, but shares remain significantly overvalued relative to fundamentals. Despite strong backlog expansion to $176.28 billion and raised 2026 guidance, current valuation multiples are difficult to justify even with robust future growth. Management expects 2026 revenue of $45.5–$46.5 billion and EBITDA around $5.98 billion, with projections for further rapid growth through 2028.

GEV and DUK are positioned to benefit from rising electricity demand, with growth driven by power generation, grid investment and data centers.

GE Vernova Inc. remains a Buy, with attractive GARP characteristics and strong EPS growth despite recent underperformance since its July peak. Q2 saw robust revenue and order growth, margin expansion, and raised FY 2026 guidance, but profitability missed consensus, prompting mixed sentiment. My GEV valuation target is revised to $1080 (from $1160) on lower normalized EPS ($27), reflecting concerns about the AI buildout's pace.

GE Vernova's backlog keeps exploding and its CEO says the company will be mostly sold out through 2030, yet most AI power investors are looking at entirely the wrong part of the supply chain.

The American nuclear renaissance is less of a one-man show and more of an international effort. Recent reports out of South Korea indicate the possibility of the country assisting the U.S. with constructing eight reactors.

Of these three, Caterpillar's traditional business is the most exposed to higher interest rates. GE Vernova's strong backlog offers multiyear protection from any temporary economic weakness.

Eos Energy Enterprises is scaling production of its zinc-based battery systems as a safer alternative to lithium-ion. GE Vernova dominates the global power landscape with an installed base generating roughly 25% of the world's electricity.

GE Vernova NYSE: GEV expects to reach its previously stated $200 billion backlog target early in 2027, supported by continued demand for power-generation and electrification equipment, Chief Executive Officer and President Scott Strazik said at Morgan Stanley's Laguna Conference.