Key Stats for GE Vernova Stock
- 1- Year Price Change for GE Vernova stock: 74%
- $GEV Share Price as of Jan. 16: $682
- 52-Week High: $731
- $GEV Stock Price Target: $753
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What Happened?
GE Vernova (GEV) stock jumped over 6% on Friday after the Trump administration pushed major tech companies to pay for new power plants.
The plan targets the PJM Interconnection grid, which serves 65 million people across 13 states and Washington, D.C.
Energy Secretary Chris Wright and Interior Secretary Doug Burgum announced the initiative at the White House alongside governors from Maryland, Pennsylvania, and Virginia.
The goal is simple: make hyperscalers like Amazon, Google, and Microsoft fund the power infrastructure their energy-hungry data centers need.
- Tech companies have already agreed to bankroll $15 billion in new generation capacity for the grid.
- The administration is now calling on PJM to hold an emergency capacity auction to quickly bring this power online.
- They also want PJM to cap the prices that existing power plants can charge to protect ratepayers from rising bills.
The push comes as electricity prices in the PJM region have exploded. Data centers alone account for $23 billion in added capacity costs, according to watchdog group Monitoring Analytics. Those costs get passed straight to consumers.
GE Vernova stock rose because the company stands to benefit directly from this boom in power plant construction.
CEO Scott Strazik said in a recent investor update:
“We project at least $52 billion of revenue by ’28, 20% EBITDA margins with both power and electrification at 22%.”
The company has already secured 80 gigawatts of new gas turbine contracts this year, with about half in backlog and half in reservation agreements.
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What the Market Is Telling Us About GE Vernova Stock
Investors are betting that GE Vernova stock will capture a large share of the upcoming infrastructure build-out.
The company manufactures gas turbines, transformers, switchgear, and grid software—exactly what utilities and hyperscalers need to add capacity fast.
Pennsylvania Governor Josh Shapiro even threatened to withdraw his state from PJM if the grid operator doesn’t accept the reforms. “If PJM does not change and does not reflect what we are putting forth here today, Pennsylvania will be forced to act and forced to go it alone,” he said.
GE Vernova stock got an extra boost because the company is positioned as the dominant supplier in this market.
- The firm controls over 50% of U.S. electricity generation and a third of global capacity outside China.
- With demand for AI data centers skyrocketing, utilities need reliable baseload power, and gas turbines are the fastest way to add it.
The company is already ramping up production. GE Vernova expects to hit a run rate of 20 gigawatts of gas turbine output annually by Q3 2026.
It’s also adding 2 gigawatts of capacity from older 7E industrial turbines in France and another 2 gigawatts from its Greenville, South Carolina facility.
For now, GE Vernova stock looks like a direct play on the government’s push to have tech firms fund the grid upgrades America desperately needs.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
