GasTurbines News & Analysis

GE Vernova's $176 Billion Backlog Surpasses Some Countries' GDP

GE Vernova's (GEV) backlog has reached $176 billion, placing it 62nd globally by GDP, surpassing Kuwait, Ecuador, and Slovakia. This backlog grew by $13 billion since the second quarter and reflects a 37% increase year over year, fueled by strong demand for power equipment amid a global electricity investment supercycle. The company generated $38 billion in revenue last year and supplies around half of the world's gas turbine capacity. This significant backlog suggests strong future earnings visibility as demand for electricity continues to rise, which could potentially benefit investors in GE Vernova.