GE Vernova (NYSE: GEV) stock went on an absolute tear in the first half of 2026, surging 79.8%, according to data provided by S&P Global Market Intelligence.
Shortly after spinning off from General Electric (now GE Aerospace) in April 2024, the market realized that building massive artificial intelligence (AI) data centers isn’t just a software or chip challenge – it’s an energy challenge, and it’s bigger than anything else
Big tech companies suddenly needed astronomical amounts of immediate, reliable, round-the-clock electricity. As the world’s largest manufacturer of natural gas turbines and a leading manufacturer of electrical transmission and distribution equipment, such as transformers and switchgear, GE Vernova had the right solution on scale. The stock nearly doubled in 2025 and continued to rally through the first six months of 2026 as order book exploded.
GE Vernova’s latest numbers, however, have sent the stock tumbling. What does that mean for investors? Every GE Vernova number you must know In early 2026, GE Vernova completed a $5.3 billion buyout of transformer manufacturer Prolec, taking 100% control of a critical supplier and instantly expanding its electrification equipment backlog.