GE Vernova Falls 1.3% as $200 Billion Backlog Test Approaches

This article first appeared on GuruFocus. GE Vernova's CEO expects the power and grid equipment maker's backlog to reach $200 billion very early in 2027. GE Vernova (NYSE:GEV) shares fell about 1.3% to $939.62 at 10.58am ET time on Thursday morning. The stock slipped even as management pointed to more orders ahead. Warning! GuruFocus has detected 3 Warning Sign with WMT. Is GEV fairly valued? Test your thesis with our free DCF calculator. The company ended the second quarter with $176 billion in backlog. Reaching $200 billion would add $24 billion, or roughly 13.6%. Strong demand for turbines and grid equipment gives GE Vernova a long runway of work. Turning that work into revenue and service income is the next test.GE Vernova Falls 1.