New York, Jan 16, 2026, 10:42 AM EST — Regular session
- Shares of GE Vernova jumped 5.6%, reaching $678.21 in early trading.
- The White House is backing a plan that would force PJM to hold an emergency auction aimed at increasing generation capacity amid rising data-center demand.
- GE Vernova is set to release its quarterly earnings on Jan. 28.
Shares of GE Vernova (GEV) jumped 5.6% to $678.21 by 10:42 a.m. EST Friday, following news of a proposed emergency power auction on the PJM grid that boosted demand for turbine and grid suppliers.
Governors from PJM states are set to join the White House in signing a deal aimed at tackling rising electricity prices, Reuters reports. The proposal would impose two-year price caps on upcoming PJM auctions and require new data-center operators like Amazon and Google to pay a bigger share of the grid expansion costs. PJM, which supplies power to around 67 million people in 13 states, was notably absent from the White House event, the report added. (Reuters)
Jefferies analysts dubbed GE Vernova the “clearest winner” in the proposed shift, highlighting the boost from new-build power plant spending tied to 15-year contracts funded by major tech firms. They pegged the auction’s potential to accelerate 5 to 7.5 gigawatts of new capacity — a key measure of generation capability — with project costs around $2,000 to $3,000 per kilowatt, Investing.com reported. (Investing)
The trend extended to other power and infrastructure stocks. Constellation Energy dropped 9.0%, Vistra lost 6.7%, and Talen Energy plunged 9.8%. On the upside, Quanta Services climbed 5.0%, with PPL up 2.6% in early action.
The policy push is crucial as PJM has turned into a bottleneck for new demand from data centers, with officials now openly discussing interventions that might change how new generation is compensated. For GE Vernova, investors spot a clear connection between any faster buildout and increased orders for gas turbines, services, and grid equipment.
The trade still hinges on politics and procedure. If PJM pushes back, or if the auction plan and price caps get tangled in rulemaking or lawsuits, new projects might face delays and the short-term surge in equipment demand could vanish.
GE Vernova will report its fourth-quarter and full-year 2025 earnings on Wednesday, Jan. 28, ahead of the market open, the company announced. A webcast is set for 7:30 a.m. ET. (GE Vernova)
Traders are focused on the White House event details and any reaction from PJM along with the utilities within its territory. All eyes then shift to Jan. 28.
