GE Vernova Stock Falls, but 2026 Gas Orders and a $40 Billion Nuclear Plan Keep It in Focus
GE Vernova shares dropped 4% Monday to $818.46 despite company statements on rising 2026 gas orders and new U.S.-Japan energy deals. CEO Scott Strazik said new heavy-duty gas turbines cannot ship before 2029, with commissioning possibly in 2031. The company expects first-quarter gas contracts of 12–24 gigawatts, up from 8 gigawatts a year earlier. Electrification backlog is projected to double to $60 billion by 2028.