On July 6, GE Vernova rose 3.55% in regular trading, trading at approximately $1,163.6/share, with turnover of $190 million. The rally was driven by Siemens raising its gas turbine industry demand guidance alongside confirmation that GE Vernova's gas turbine order backlog now extends through 2031.

Siemens recently revised its annual gas turbine demand forecast to 110-120GW, up from its prior guidance of 90-100GW, representing a 20GW upward revision. GE Vernova's order pipeline has been significantly bolstered by AI data center power demand, with approximately 20% of orders coming from AI-related projects. Major technology companies including Microsoft, Google, and OpenAI are among those procuring GE Vernova gas turbines. According to industry research, gas turbine prices have surged 300% over the past three years, reflecting severe supply-demand imbalance. The global heavy-duty gas turbine market remains highly concentrated, with GE Vernova, Siemens Energy, and Mitsubishi collectively commanding 85% of installed capacity, and all three manufacturers reporting fully booked order books through 2030.

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