NEW YORK, March 2, 2026, 19:14 EST — After-hours trading in progress.
- Shares of GE Vernova edged up 0.9% in after-hours action, last changing hands at $881.18.
- The $600 million sale of its Proficy software unit to TPG is now complete, the company said.
- Investors are zeroed in on the ongoing squeeze in gas-turbine supply, with eyes also on results due April 22.
GE Vernova picked up 0.9% to close at $881.18 in after-hours trading Monday, pushing the power equipment giant’s valuation close to $167 billion. The Cambridge, Massachusetts company said it has completed the $600 million Proficy software sale to TPG, a private-equity firm. Proficy, with more than 20,000 customers, will now run on its own, while GE Vernova turns its focus to the GridOS grid-software platform. 1
Investors are pressing for sharper definition around GE Vernova—what it is, and just as importantly, what it isn’t—right as power demand starts to steer where capital flows in the sector. Spinning off this business eliminates a unit that never quite fit with turbines and grid equipment.
Reuters Events on Monday pointed to a scramble for gas turbines, as U.S. suppliers including Siemens Energy and Mitsubishi try to keep up with swelling data-center demand and a spate of new gas plant announcements. Planned U.S. gas-fired capacity for 2025 is now at 252 gigawatts—over three times what it was. Building costs for combined-cycle plants, which use both gas and steam turbines, have climbed to $2,400 per kilowatt or more. “Lead times for large gas turbines are exceeding five years,” said Bobby Noble at the Electric Power Research Institute. NRG’s incoming CEO Robert Gaudette put it this way: “The conversation will go from you don’t have turbines to you don’t have humans to actually build the power plants.” 2
Proficy specializes in factory software, giving manufacturers and infrastructure operators tools to keep tabs on machines and manage production. That’s a far cry from the scramble over turbine slots now dictating project timelines.
GE Vernova hasn’t spelled out how it’ll use the $600 million. Traders are eyeing hints the company could boost grid software or services, maybe even push manufacturing—lead times keep stretching.
Supply remains strained, but that’s not translating to profits everywhere. On its Jan. 28 earnings call, GE Vernova said it expects wind adjusted EBITDA to post about a $400 million loss for 2026, before factoring in interest, taxes, and some other items. 3
Turbine bottlenecks easing ahead of schedule, or any changes in permitting and policy slowing the current spree of gas-plant orders, could quickly erode pricing power.
April 22 marks the date to watch as GE Vernova prepares for its Q1 earnings webcast. Investors are listening for specifics on orders, delivery timelines, and what leadership has to say about portfolio plans after the Proficy divestiture. 4
