$GEV

GE Vernova (GEV) stock rose 48% in the past year. The company's power segment operates a razor/razorblade model, with gas turbine sales leading to long-term services revenue. CEO Scott Strazik highlighted the importance of HA turbines, expecting $100 billion in future services revenue. Q3 saw $197 billion in backlog, 11 GW in new gas orders, and 21 HA turbine orders. The company anticipates continued growth in orders and revenue.

Vertiv (VRT) fell 16% after a 13% drop, due to concerns that Democratic wins may slow data center construction, particularly in Texas. Vistra (VST) also declined 14%, as its Texas-based power plants face risks from potential moratoriums. GE Vernova (GEV) reported strong order backlog, while chipmakers like Applied Materials (AMAT) slid on broader sector pressures.

The article analyzes stock market reactions to the midterm elections, noting that the Dow and S&P 500 rose 3% and 1.6% respectively. Several stocks, including Vertiv (VRT), Centene (CNC), Lockheed (LMT), and GE Vernova (GEV), overreacted to the election results, while others like Vistra (VST) and Oscar (OSCR) had more measured responses.

OKXICE's issuer objection list for its tokenized stock venue grew to 59, including Apple, The Home Depot, and GE Vernova. Objections prevent third-party tokens from trading but allow issuer-created tokens. The venue is a joint venture between Intercontinental Exchange and OKX, with no trading start date set.

GE Vernova (GEV) shares fell 9.6% on Wednesday, marking its largest decline since January 2025. The drop was part of a broader downturn in utilities and equipment suppliers linked to the data center sector.

Wall Street rallied post-midterm elections, but AI-related stocks showed mixed performance. Cloud giants like Amazon (up 7%), Microsoft (up 6%), and Alphabet (up 4%) gained, while smaller AI infrastructure providers like CoreWeave (down 10%) and Iren (down 11%) fell. Analysts noted potential slowdowns in data center buildout due to Democratic wins, impacting AI-related investments.

GE Vernova (GEV) was spun off from General Electric in 2024, focusing on energy. The company is profitable, with Q3 2026 net income of $1.3B. It benefits from stable demand and growth in renewable energy and AI. GEV trades on NYSE, with a market cap of $243.03B and a dividend yield of 0.22%. It is included in ETFs like XLI and VUG.

Data center stocks fell sharply after Democrats won control of the U.S. Congress, with Texas' election results and potential moratoria on new data centers cited as key concerns. Modine (MOD) dropped 24%, Sterling Infrastructure (STRL) 19%, and Comfort Systems (FIX) 16%, while Vertiv (VRT) and GE Vernova (GEV) each fell 11-12%. Despite this, companies reported strong demand and backlogs, with Vertiv's Q3 sales up 61% and GE Vernova's backlog growing to $197 billion.

Constellation Energy (CEG) fell 8% after Democrats won Congress, impacting AI power stocks. Vistra (VST) dropped 14%, while GE Vernova (GEV) and CoreWeave (CRWV) each fell 7%. Analysts expect CEG's EPS to rise from $9.39 in 2025 to $16.80 in 2028, but future growth depends on new contracts. CEG trades at 21x forward earnings, below its 3-year average of 26x.

GE Vernova (GEV) dropped 10%, Vistra (VST) 12%, and Constellation Energy (CEG) 7% after Democrats won Congress, sparking concern about data center regulations. GEV's gas turbine contracts are mostly non-data center. Eaton (ETN) and Caterpillar (CAT) report strong data center demand. Analysts note potential negative sentiment for AI infrastructure stocks.