New York, Feb 9, 2026, 17:42 EST — After-hours
- GE Vernova climbed 2.9% to finish the day at $801.54. The stock touched an intraday high of $814.86.
- Maxim Power out of Canada has locked in a GE Vernova 7HA.02 turbine slot—scheduled to roll off the line in 2030.
- Analysts adjusted price targets Monday, while a non-refundable deposit deadline looms in 2026.
GE Vernova Inc (GEV) ended Monday’s session up 2.9% at $801.54 after reaching as high as $814.86, then ticked up further in after-hours trading. The move followed Maxim Power’s decision to secure a manufacturing slot for a GE Vernova gas turbine, set for delivery by 2030. That reservation, according to Maxim, will need a non-refundable deposit in 2026.
The deal arrives at a moment when just securing major power gear is as much about timing as price. A “slot reservation” works like a paid spot in the factory queue, letting companies claim manufacturing capacity ahead of a finalized contract—it’s a sign of demand that can pop up before actual orders hit the books. Power Engineering
That’s a big deal for GE Vernova, with the stock getting a lift from its gas power and grid arms as electricity demand climbs—thanks partly to the surge in data centers and ongoing electrification trends. Just last month, the company reported it had locked in over $2 billion in electrification orders directly tied to data centers for 2025. Meanwhile, its gas power equipment backlog and slot reservation deals grew to 83 gigawatts, up from 62 gigawatts.
Maxim said both sides aim to hammer out a definitive sales agreement, with the initial deposit counting toward the ultimate purchase price. The slot connects to its approved 400-megawatt Prairie Lights Power project outside Grande Prairie, Alberta. The company flagged an estimated $60 million in project spending for 2026, and noted about C$84 million in liquidity available when it put out the release.
GE Vernova’s 7HA.02 turbine—the one at issue—delivers 384 megawatts of simple-cycle output in the 60-hertz category, according to the company. The 7HA series belongs to GE Vernova’s advanced-class gas turbine offerings, gear that utilities deploy for big combined-cycle facilities and flexible power generation.
Opinions on valuation diverged, even as shares climbed. Daiwa Securities upped its price target to $836 from $710, sticking with an Outperform. Meanwhile, Rothschild & Co Redburn bumped its target to $560 from $500 but kept a Sell, according to MarketScreener.
GE Vernova keeps pushing for longer-term customer agreements. Back on Feb. 3, the company and Xcel Energy announced a deal. Xcel’s CEO Bob Frenzel called it a “once-in-a-generation” opportunity to tackle rising demand for electricity. GE Vernova chief Scott Strazik, for his part, said the goal is for both firms to “innovate and execute” on delivering steady power. newsroom.xcelenergy.com
GE Vernova’s latest balance-sheet shifts are still working through the market. The company wrapped up its $5.275 billion purchase of the rest of transformer producer Prolec GE, splitting the cost evenly between cash and debt. It also pulled off its debut public debt offering as an independent operation, issuing $600 million in 4.25% notes maturing 2031, $1 billion in 4.875% notes due 2036, and another $1 billion of 5.5% notes set for 2056.
This new turbine booking is for way down the line, and plenty could shift before it turns into an actual deal. No deposit until 2026; the price isn’t locked in. Maxim flagged that Prairie Lights still needs a permit amendment, so any slowdown or hiccup could put pressure on the assumptions built into GE Vernova’s share price.
Eyes are on additional big-turbine bookings and concrete deals that could stretch the current backlog—especially with utilities plotting fresh capacity for data center growth. The next big marker: GE Vernova’s Q1 earnings webcast, set for April 22.
