New York, Feb 12, 2026, 13:57 EST — Regular session
GE Vernova Inc. shares edged lower on Thursday, easing back after a sharp run that took the power-equipment maker to a new 52-week high a day earlier. The stock was down 0.6% at $819.07 in afternoon trade, after swinging between $811.96 and $845.50.
The move matters because GE Vernova’s stock has become a busy proxy for spending on electricity generation and grid gear, a theme tied to data centers and broader electrification. When the wider market turns defensive, even small shifts can show up quickly in the higher-multiple names.
On Wednesday, GE Vernova jumped 4.16% to close at $823.67, setting a new 52-week high, according to MarketWatch data. The stock’s rise has tracked upbeat signals from companies tied to the data-center buildout, which investors have used as a read-through on power demand. 1
Vertiv Holdings, which sells power and cooling equipment for data centers, reported fourth-quarter organic orders growth of about 252% and said backlog climbed to $15.0 billion, up 109% from a year earlier. Vertiv put its book-to-bill ratio — orders divided by sales — at about 2.9 and forecast 27% to 29% organic sales growth in 2026. “We expect this momentum to continue,” Chief Executive Giordano Albertazzi said. 2
Aehr Test Systems said it received an initial production purchase order from its lead customer for package-level burn-in of a next-generation, higher-power AI processor used in data-center training and inference. Chief Executive Gayn Erickson called it a “key early production win” with a “world leading hyperscaler,” with deliveries scheduled for summer 2026. 3
GE Vernova in late January lifted its 2026 revenue forecast to $44 billion to $45 billion, and CEO Scott Strazik told analysts the company was entering 2026 with “significant momentum.” Orders in the quarter rose 65% organically to $22.2 billion, and gas power equipment backlog and slot reservation agreements — upfront payments to lock in turbine production slots — expanded to 83 gigawatts from 62 gigawatts. But the company warned its wind unit could take about a $250 million revenue hit this year on delays at the Vineyard Wind offshore project and flagged about $400 million of losses tied to 11 turbines that weren’t installed. 4
The company has also been bulking up its grid exposure. GE Vernova said it closed its $5.275 billion purchase of the remaining 50% stake in transformer-maker Prolec GE on Feb. 2, funded with an equal mix of cash and debt, and days later completed a $2.6 billion senior notes sale to help finance the deal. 5
In the broader market, investors rotated out of tech shares after disappointing economic data and earnings reports, pushing the Nasdaq down 1.6%, the S&P 500 down 1.2% and the Dow down 1.1% in early afternoon trade, according to Investopedia. Weekly jobless claims came in at 227,000 and existing home sales for January were 3.91 million, while the 10-year Treasury yield slipped below 4.11%, the report said. 6
Next up for GE Vernova is its first-quarter earnings webcast on April 22, when investors will be looking for fresh order and margin signals in power and electrification. 7
