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.
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