GE Vernova (GEV) CEO Scott Strazik outlined a strong growth trajectory at the Morgan Stanley Laguna Conference on September 16. The company's backlog stood at $176 billion in the second quarter. GE Vernova expects this backlog to surpass $200 billion by early 2027.
Robust spending on electrification and clean energy fuels this growth. Data center build-outs accounted for over $5 billion in orders in the first half of 2026. The company acknowledged uneven demand in onshore wind. It noted higher pricing and plans to increase gas-turbine production to meet strong customer demand. The stock rose over 5%.