New York, February 8, 2026, 16:30 EST — The market has closed.
GE Vernova Inc (NYSE: GEV) finished Friday’s session at $779.35, up 5.6%. Shares moved between $737.41 and $782.90. Volume for the day hit roughly 3.28 million, putting the power equipment maker back in focus as investors look to Monday.
With U.S. markets closed for the weekend, traders are left wondering if Friday’s risk-on sentiment will carry over into the week ahead. GE Vernova, once viewed as a straightforward industrial, now frequently moves in sync with the data center power buildout and the electrification trend at large.
The Dow finally pushed past 50,000, notching a record close on Friday, as chipmakers roared back and both the S&P 500 and Nasdaq surged. Big Tech’s appetite for AI infrastructure spending appears undiminished, fueling the rally. “There’s enough evidence that there’s real demand for AI products,” Baird’s Ross Mayfield told Reuters. (Reuters)
GE Vernova announced on Feb. 5 that its onshore wind segment secured 2025 orders to repower 1.1 gigawatts of U.S. wind turbines. Repowering—essentially upgrading existing turbines—aims to boost output and extend the lifespan of wind farms. According to GE Vernova, these projects should hit commercial operation between 2026 and 2027. (GE Vernova)
Just the day before, GE Vernova wrapped up a $2.6 billion senior notes sale. Proceeds are earmarked for general corporate needs, part of which will help fund the company’s purchase of the remaining 50% of Prolec GE. That deal closed back on Feb. 2. (GE Vernova)
Xcel Energy has inked a strategic alliance agreement with GE Vernova, locking in support for generation and grid projects well into the 2030s. The company detailed a reservation for five F-class gas turbines alongside a capacity reservation covering several gigawatts of wind. Xcel is calling the planned expansion a “once-in-a-generation opportunity.” (Xcel Energy Newsroom)
On Wall Street, the narrative isn’t changing much. Baird’s Ben Kallo bumped GE Vernova up to Outperform from Neutral and hiked his price target to $923 from $701. He put it plainly: the energy infrastructure cycle is “still in the early innings.” (TipRanks)
But the numbers don’t tell the whole story. GE Vernova, in its Jan. 28 report, bumped up its 2026 revenue forecast to $44 billion-$45 billion—then also pointed to trouble on the wind side. Setbacks there, especially possible failures linked to Vineyard Wind, could slice into revenue and trigger around $400 million in losses. Despite that, CEO Scott Strazik described heading into 2026 with “significant momentum.” The company also locked in more than $2 billion in electrification orders tied to data centers for 2025. (Reuters)
Yet it’s hardly a guaranteed bet. If data-center growth cools, utilities pull back on their investments, or rates climb again, those pricey “power demand” stocks can take a hit fast—even with order books still looking healthy.
This week, traders are watching for two big U.S. data drops that could shake up rate bets and send longer yields swinging. The Bureau of Labor Statistics calendar has January’s jobs report landing Feb. 11, while the crucial January CPI print hits on Feb. 13. (bls.gov)
GE Vernova lines up its first-quarter 2026 earnings webcast for April 22. Investors will be watching for fresh numbers on orders, margins, and any shift in utility or grid investment linked to high-demand customers. (GE Vernova)
