GE Vernova (GEV) Stock Is Up, What You Need To Know

GE Vernova (GEV) Stock Is Up, What You Need To Know What Happened? Shares of energy transition company GE Vernova (NYSE:GEV) jumped 4.5% in the afternoon session after the company projected strong backlog growth at the Morgan Stanley Laguna Conference, estimating its total order backlog will surpass $200 billion in early 2027. During the conference presentation, management detailed that the company's backlog reached $176 billion in the second quarter of 2026. This expansion is driven by stronger pricing, higher gas-turbine production run rates, and over $5 billion in electrification orders from data centers in the first half of the year.