GE Vernova Stock Gains Momentum Amid Record Backlog and Key Contracts

Shares of GE Vernova are attracting renewed institutional attention, fueled by a record order backlog and recent major contract wins in its electrification segment. Market experts are now focused on a pivotal challenge: the company’s ability to convert its $135 billion backlog into profitable revenue by 2026. Recent developments provide both encouraging signals and notable headwinds for this industrial energy spin-off.

A significant boost comes from GE Vernova’s strengthened position in the high-voltage direct current (HVDC) transmission market. Research notes from Nuvama Wealth Management and Nomura highlighted this following the finalized contract with AESL Projects for the Khavda–South Olpad HVDC project. This deal, valued at approximately $1.2 billion (around Read more...