GE Vernova expands gas capacity. GE Vernova stock gains 1.26 percent

Published on 10/02/2026 at 12:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GE Vernova stock costs EUR 886.00 on October 2, 2026 versus EUR 875.00. Q2 revenue reached USD 11.10 billion in the second quarter of 2026.

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GE Vernova (ISIN US36828A1016) was trading at EUR 886.00 at Lang & Schwarz on October 2, 2026 at 12:39 p.m. CEST, up 1.26 percent versus the prior close of EUR 875.00. As Yahoo Finance reported on September 28, 2026, CEO Scott Strazik said at the Morgan Stanley Laguna Conference on September 16 that GE Vernova plans to accelerate gas power capacity additions by 50 percent in 2026. The move links near-term turbine output with a larger services opportunity.

Gas capacity meets a larger backlog

The same Yahoo Finance report said gas equipment backlog and slot reservation agreements could reach at least 125 gigawatts by the end of 2026. It also put total backlog at USD 176.0 billion, with management signaling a possible move above USD 200.0 billion in early 2027.

The backlog is not only an order-volume measure. GE Vernova is using turbine installations to expand recurring aftermarket services, with contracted future services revenue projected at USD 100.0 billion by the end of 2027. That creates a longer revenue runway, while the Wind segment remains a counterweight because softer onshore demand and project costs pressure profitability.

Second-quarter figures raise the bar

GE Vernova reported USD 11.10 billion of revenue in the second quarter of 2026, up 12.00 percent year over year, according to the company's Q2 earnings call transcript published by Yahoo Finance. Orders reached USD 24.20 billion, an 88.00 percent year-over-year increase, while adjusted EBITDA rose 61.00 percent to USD 1.20 billion.

For full-year 2026, management raised revenue guidance to USD 45.50 billion to USD 46.50 billion, up USD 1.00 billion from the previous expectation. Free cash flow guidance also increased to USD 11.50 billion to USD 12.50 billion from USD 6.50 billion to USD 7.50 billion, while adjusted EBITDA margin guidance stayed at 12.00 percent to 14.00 percent.

Stock remains below its yearly high

GE Vernova's USD 263.0 billion market capitalization and USD 530.16 to USD 1,195.94 52-week range frame a valuation that still depends on execution. The next earnings date is October 28, 2026, giving investors a near-term test of order conversion, cash flow quality and the gas capacity ramp.

At Lang & Schwarz, GE Vernova was trading at EUR 886.00 on October 2, 2026 at 12:39 p.m. CEST, plus 1.26 percent versus the prior close of EUR 875.00. The further course of trading is shown by the continuously updated real-time quote of GE Vernova stock.