What's Happening With GE Vernova Stock Friday?
GE Vernova shares are trading flat Friday as investors continue to weigh robust backlog growth showcased at a major industry conference.
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GE Vernova shares are trading flat Friday as investors continue to weigh robust backlog growth showcased at a major industry conference.
The global gas turbine market is projected to grow at a 5.40% CAGR from 2026 to 2035, driven by coal-to-gas power plant conversions, AI-driven data center demand, and adoption of hydrogen and ammonia-ready combustion technologies. North America leads with 29.50% market share, while Asia Pacific records the fastest growth at 8.30% CAGR. Data centers emerge as the fastest-growing sector with 11.20% CAGR.
Shares of GE Vernova are rising Wednesday on upbeat commentary from executive leadership at the 14th Annual Morgan Stanley Laguna Conference.