New York, Feb 13, 2026, 14:50 EST — Regular session
- GE Vernova slipped roughly 1% as the afternoon session wore on.
- The stock retreated after hitting an intraday high of $846 on Thursday, its all-time peak.
- Data-center power spending is in focus for investors as they look for clues before GE Vernova’s next earnings report.
GE Vernova shares lost ground Friday, giving back more after hitting record highs just days earlier. Traders cashed out profits from what’s been a high-flying power-demand story. The stock was off roughly 1% to $808.44 by the afternoon.
Why does it matter? GE Vernova has turned into a packed trade on surging electricity needs—think data centers, grid buildouts. The stock’s climbed fast; lately, any tweak in risk appetite shows up almost instantly in shares that are already counting on more upside.
GE Vernova reached as high as $846 during Thursday’s session, but the stock slipped for a second day straight following Wednesday’s 4.16% surge. Despite Friday’s pullback, shares remained roughly 4% higher than where they finished last Friday, according to daily closing data. (Investing)
This week’s jump across “AI infrastructure” names followed a round of upbeat news from companies tied to data-center expansion. Vertiv, a supplier of power and cooling systems for data centers, posted its fourth-quarter numbers on Feb. 11 and flagged a notable spike in orders. (Vertiv)
Utilities are flagging a surge in demand outpacing what their previous models projected. On Thursday, PG&E narrowed its 2026 profit outlook, pointing to robust electricity demand fueled by data centers and the push for electrification. The company also highlighted a growing queue of data-center projects advancing into the engineering phase. (Reuters)
GE Vernova helped spark the stock’s rally heading into early 2026, thanks to a bullish forecast and hefty new orders. Back in late January, the company reported its backlog climbed to $150 billion and bumped up its 2026 revenue target to a range of $44 billion to $45 billion. Free cash flow? GE Vernova expects $5.0 billion to $5.5 billion. “We increased our backlog to $150 billion … and are entering 2026 with significant momentum,” CEO Scott Strazik said.
Relying on so-called “slot reservation agreements” — SRAs, where clients put money down to lock in future turbine production slots — has become more common for the company as wait times grow. GE Vernova reported 24 gigawatts in new gas equipment orders last quarter, of which 21 GW came from SRAs.
Thursday brought fresh moves from GE Vernova, which rolled out new education partnerships in Houston and revealed an upgrade to its Houston Learning Center. The facility, key to its gas-power services arm, is getting a modernization. “World-class technologies require a world-class workforce,” said Steve Kessinger, vice president of global services at GE Vernova’s Gas Power business. (GE Vernova)
Even after the rally, there’s not much cushion for errors—critics keep circling the wind unit. GE Vernova expects its wind operations to rack up roughly $400 million in EBITDA losses in 2026, despite solid demand for power and electrification. (Reuters)
Traders now look to see if the surge in power and electrification orders actually turns into higher-margin backlog, or if it fizzles. Another thing on their radar: data-center customers. Will they keep locking in capacity, or start hitting pause on projects? Next up, GE Vernova’s Q1 earnings webcast is set for April 22. (GE Vernova)
