GE Vernova Stock Surges on Strong Earnings and Increased Backlog
GE Vernova's stock rose 14.6% this week following strong first-quarter earnings, driven by increased backlog and slot reservation agreements for power equipment. The company now expects to reach $200 billion in backlog by 2027, up from a previous target of 2028, signaling strong growth potential in AI infrastructure.
Tickers: $GEV
Topics: AI Infrastructure Backlog Growth Earnings Power Equipment Stock Performance