New York, Feb 10, 2026, 11:35 EST — Regular session trading underway.
- GE Vernova slipped roughly 0.7% in late-morning trading in New York, giving back some ground after finishing higher the previous session.
- Maxim Power of Canada has locked in a 7HA.02 gas turbine slot for 2030, putting down a non-refundable deposit set for 2026.
- Eyes are on GE Vernova as investors gear up for its first-quarter earnings webcast, set for April 22.
GE Vernova lost ground Tuesday, slipping 0.7% to $796.29 by late session. Monday’s close was $801.54. The stock’s range: $787.91 on the low end, up to $809.01. It kicked off the day at $803.00, with investors mulling fresh signs of customers locking in sizable gas turbine orders years ahead.
Timing is key here. Analysts at ICF expect U.S. peak power demand to climb by around 120 gigawatts in the next five years, with industrial users driving about 24 gigawatts of that increase. Andrew Flanagan, CEO of RWE Clean Energy, told Reuters Events that U.S. electricity demand could jump about 25% by 2030.
The surge in load growth has thrown “slot reservation” agreements into focus. These deals let customers pay upfront to secure a spot in the manufacturing queue, even before nailing down exact prices or signing a full sales contract.
The broader market edged up. The SPDR S&P 500 ETF Trust ticked higher by roughly 0.1%, with the Invesco QQQ Trust up 0.2%. Eaton, which supplies electrification gear, gained close to 1%. Quanta Services, a power contractor, dipped around 0.1%.
Maxim Power on Monday announced it’s secured a manufacturing slot with GE Vernova for a 7HA.02 gas turbine and generator, aiming for delivery in 2030. The company said a non-refundable deposit is due in 2026, with a final sales contract still to be hammered out. The equipment is headed for Maxim’s approved 400-megawatt Prairie Lights project in Alberta, where spending could reach $60 million in 2026.
GE Vernova announced it has wrapped up a major outage at InterGen’s Coryton combined-cycle plant, east of London, and installed two “High Efficiency” upgrades in the process. The company says output at the 800-megawatt facility has climbed by as much as 85 megawatts, with a 2.46% jump in efficiency. “We were impressed by the tenacity of GE Vernova’s service teams,” InterGen Managing Director Daniel Fosberg said. Joseph Anis, who heads GE Vernova Gas Power for Europe, Middle East & Africa, pointed to the project as proof of GE’s “continued commitment to keeping our customers’ gas turbine fleets competitive.” GE Vernova
GE Vernova’s shares have been moving since the late-January update, when it flagged that its wind division might take a roughly $250 million revenue hit in 2026, citing installation setbacks on an offshore Massachusetts project. The company also cautioned that if 11 turbines at Vineyard Wind aren’t installed, it could face a low double-digit percentage revenue decline and about $400 million in losses. During the same disclosure, GE Vernova put its 2026 revenue outlook at $44 billion to $45 billion. CEO Scott Strazik, for his part, described the company as carrying “significant momentum” into 2026, highlighting strength in power and electrification. Reuters
But booking turbine orders years ahead? It’s a double-edged sword. Delays can hit if permitting stalls, grid hookups lag, or funding dries up. GE Vernova’s wind division is hardly in the clear, especially after Vineyard Wind’s setbacks surfaced in January.
GE Vernova reports its first-quarter results on April 22, with a webcast set for that day. Traders are set to zero in on order intake, margin movement, and any fresh signals on the timing of wind projects.
