NEW YORK, Feb 16, 2026, 15:08 EST — The market has closed.
GE Vernova Inc. on Monday announced it’s landed a deal with Lincoln Electric System to deliver two LM6000VELOX aeroderivative gas turbine packages for the Terry Bundy Generating Station, located in Lincoln, Nebraska. According to the company, once up and running, the new units will bring roughly 100 megawatts of additional power output to the facility.
GE Vernova shares finished Friday off 1.7% at $802.13. Not much noise in the headlines right now—this deal drops into a quiet patch, and U.S. traders won’t see action on it until markets are back open Tuesday.
The order landed on the books in the fourth quarter of 2025, according to the company, and the expanded facility should come online in 2029. That detail is key: the deal likely shows up in previously reported bookings and guidance, despite the headline surfacing only now.
GE Vernova calls the LM6000VELOX an aeroderivative turbine—the kind of tech spun out of aviation engines—and says it’s capable of ramping up to max output in just 10 minutes. The company figures both turbines, once in place, should put out around 100 MW under normal conditions.
Jason Fortik, vice president at Lincoln Electric System, said the utility chose GE Vernova after years of experience with similar models. “These turbines give us confidence that we can expand capacity,” he said. GE Vernova’s Gas Power Americas chief executive Dave Ross added, “We are proud to help meet the Lincoln area’s growing energy demand.” Turbomachinery Magazine
The stock dropped 1.77% Friday, extending its losing streak to a second day, despite gains in the wider market. Shares closed roughly 5% under their 52-week peak from Feb. 12 — still the highest point in the past year. Trading volume landed below the 50-day average, according to MarketWatch data.
With U.S. stock markets closed Monday for Washington’s Birthday—listed among the NYSE’s 2026 holidays—trading picks up again Tuesday.
The turbines won’t be spinning until 2029, and delays in permitting, construction, or supply chains aren’t unusual for power projects. The order’s in the bag, but for bulls, it comes down to whether GE Vernova can keep landing more turbine deals quickly enough to back up the stock’s current level.
Investors are eyeing Wednesday, when the Federal Reserve will publish minutes from its Jan. 27-28 meeting at 2 p.m. ET—details in those notes could sway expectations for interest rates and jolt rate-sensitive shares. The Fed said statistical releases delayed by the holiday will instead hit on Tuesday.
GE Vernova has its first-quarter earnings webcast set for April 22, the company’s investor calendar shows.
