NEW YORK, Jan 16, 2026, 13:14 ET — Regular session
- Shares of GE Vernova climbed after Washington unveiled a power-market proposal linked to AI data centers
- Power producers fall as investors consider how accelerated new generation might impact prices
- Next on deck: updates from PJM and regulators, followed by GE Vernova’s earnings and outlook for Jan. 28
Shares of GE Vernova Inc (GEV) jumped over 6% on Friday following reports that the Trump administration, along with several governors, is pushing for an emergency power auction in the PJM market. Investors took the move as a potential boost for turbine demand. By 12:58 p.m. ET, the stock had climbed 6.1% to $681.57, hitting an intraday peak of $692.49 earlier. (Bloomberg)
The shift thrust the power-equipment maker into a battle that’s gripped U.S. markets for months: who will build the next generation wave—and who will foot the bill—as data centers expand.
For GE Vernova, the immediate connection is clear. When policymakers accelerate new power-plant projects, turbine manufacturers and grid equipment suppliers typically see orders come in sooner.
Electricity stocks diverged sharply. Constellation Energy tumbled roughly 10%, Vistra slipped around 6%, and Talen Energy dropped close to 9%. The S&P 500, meanwhile, barely budged.
The White House and governors from PJM states are pushing the grid operator to hold a one-time “reliability” auction, a type of capacity auction that pays generators to stay available. Data-center owners would bid for 15-year contracts, potentially backing about $15 billion in new power plants, according to a White House official. They want PJM to run the auction by the end of September, just before PJM’s Monday deadline to respond to the Federal Energy Regulatory Commission. Joe Bowring, president of Monitoring Analytics, PJM’s independent watchdog, called it “a significant improvement,” while ClearView Energy Partners’ Timothy Fox said political pressure alone is “very likely to motivate a considerable response” even without a legal mandate. (Triblive)
The White House presented the move as a win for consumers. Spokeswoman Taylor Rogers described it as delivering “much-needed, long-term relief” to the mid-Atlantic region. PJM spokesperson Jeff Shields noted the grid operator wasn’t invited to the White House event and wouldn’t be attending. (ABC News)
The policy route remains complicated. PJM must sign off on any new auction rules, and FERC approval often takes time. Plus, constructing big gas plants faces hurdles like permits, supply-chain issues, and interconnection delays. If demand forecasts weaken or the market senses oversupply, the “AI power” boost for equipment stocks could vanish quickly.
GE Vernova has emerged as a key player in that space, offering large gas turbines, related services, and electrification equipment that helps deliver power to the grid. Friday’s trading illustrated just how reactive the stock is to news out of Washington and grid operators, beyond the company’s core fundamentals.
GE Vernova’s fourth-quarter earnings drop on Jan. 28 marks the next big event, with CEO Scott Strazik and CFO Ken Parks set to present during a 7:30 a.m. EST webcast. Investors will focus on any fresh details about orders, pricing trends, and how quickly new generation projects are ramping up. (GE Vernova)
