New York, February 23, 2026, 16:17 (EST) — Trading after the bell.
GE Vernova Inc. edged up 0.1% to $831.30 in late trading Monday. The stock bounced between $812.83 and $833.01 during a volatile session, with roughly 1.4 million shares traded.
Stocks ended subdued, with risk appetite fading. The Dow dropped 1.6%, S&P 500 lost 1.2%, as Trump’s surprise 15% tariff announcement injected fresh uncertainty into U.S. trade policy. (Reuters)
Despite that headwind, suppliers linked to generation and grid projects continued to draw interest, thanks to the data-center power narrative. Amazon plans to put $12 billion into new data centers in Louisiana, and it’s teaming up with Southwestern Electric Power Company to handle the electrical side. (Reuters)
Utilities are ratcheting up their spending. Dominion Energy bumped its five-year capital plan to $64.7 billion for 2026-2030, reporting contracts for almost 48.5 gigawatts of data-center capacity. Customers on that list: Alphabet, Amazon, Microsoft, Meta, and Equinix. (Reuters)
Demand isn’t limited to the U.S. Earlier this month, Siemens Energy pointed to AI-fueled growth as a boost for profit, citing gains in gas turbines and grid equipment. (Reuters)
GE Vernova is sticking with its strategy across gas turbines and grid equipment, though the wind unit remains a tougher nut. In its fourth-quarter and full-year 2025 release, the company reported backlog at $150 billion. Gas-power equipment backlog and slot reservation agreements jumped to 83 gigawatts, up from 62. CEO Scott Strazik pointed to “significant momentum” going into 2026. Slot reservation agreements let customers lock in factory space for future turbine shipments. (GE Vernova)
The wind business is still unpredictable. Back in January, GE Vernova warned that setbacks at the Vineyard Wind project might prevent the installation of 11 turbines, which could slash 2026 wind revenue by around $250 million and tack on about $400 million in losses. Tariffs imposed last year also dented results, costing roughly $70 million. (Reuters)
GE Vernova is highlighting capital returns to investors. The board declared a quarterly dividend of $0.50 per share, payable April 14 to shareholders on record by March 17. (GE Vernova)
This week brings a fresh signal on AI spending patterns: Nvidia is set to report fourth-quarter earnings, with a conference call scheduled for Wednesday, Feb. 25 at 5 p.m. ET. Details are available from the NVIDIA Newsroom.
GE Vernova’s first big marker ahead is its Q1 2026 earnings webcast, set for April 22. (GE Vernova)
