GE Vernova Q1 Earnings: Backlog and Pricing Point Higher

GE Vernova delivered the kind of quarter that reinforces why it’s made the Top 15 AI list for a few quarters now. Orders were strong and the company is reporting strength across many products for rare diversification among the high-quality power names. Q1 organic orders rose 71% to $18.3 billion, while backlog reached $163 billion up from $116 billion when GE Vernova was spun off. More importantly, management expected to see $200 billion in backlog by 2027, a full year earlier than expected: “In the last 90 days, we've added $13 billion to our total backlog and now expect to reach $200 billion in backlog in '27 versus our previous expectation of '28.”

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