datacenters, power & cooling · Industry Index 15 (rank #40) ·
price: as of 2026-10-29 index: as of 2026-10-29 fundamentals: latest filing 2026-10-28 Reports quarterly (10-Q XBRL)
GE Vernova supplies power generation and grid equipment, including gas turbines used to power AI data centers.
Industry exposure 0.3 (Power-equipment maker where AI/data center load is roughly a fifth of the gas turbine backlog, a growing but partial driver.)
Delayed, end-of-day, aggregate per contract — not a live tape or trade-level flow. Buy/sell side is INFERRED from where each contract's last print sat in the bid/ask spread, not observed order flow. The company-wide side is withheld unless quoted contracts cover at least a quarter of the day's premium, so it can be blank while individual contracts below show a side. Call/put premium is measured across the chain we capture — the 6 nearest expiries within 45 days, not the full option chain — while the table below lists at most 20 flagged contracts, so summing those rows will not reproduce the percentage.
Why flagged:earnings today
| Date | Contract | Score | Side (inferred)? | OI Δ? | Volume | Vol/OI | Flags |
|---|---|---|---|---|---|---|---|
| 2026-10-28 | $900 CALL | 80 | buy-side | +492 | 4,768 | 5.4× | |
| 2026-10-28 | $900 CALL | 66 | mid-market · no side | +1 | 703 | 8.8× | |
| 2026-10-28 | $915 CALL | 62 | buy-side | +6 | 265 | 5.0× | |
| 2026-10-28 | $920 CALL | 56 | sell-side | +39 | 377 | 2.7× | |
| 2026-10-28 | $930 CALL | 56 | mid-market · no side | +12 | 263 | 5.6× | |
| 2026-10-28 | $840 PUT | 51 | mid-market · no side | +24 | 239 | 3.1× | |
| 2026-10-28 | $910 CALL | 51 | mid-market · no side | +43 | 374 | 1.5× | |
| 2026-10-28 | $845 PUT | 50 | buy-side | +2 | 210 | 17.5× | |
| 2026-10-28 | $902.5 CALL | 46 | mid-market · no side | +120 | 159 | 1.2× | |
| 2026-10-28 | $850 PUT | 43 | mid-market · no side | +54 | 276 | 1.0× | |
| 2026-10-28 | $835 PUT | 43 | sell-side | 0 | 205 | 34.2× | |
| 2026-10-28 | $860 PUT | 43 | mid-market · no side | +4 | 122 | 0.9× |
8 smaller flags (under $100000 premium) hidden.
latest session: 1.0× its 13-day baseline
57% calls / 43% puts (by premium)
News set the tone, but the swarm won’t commit — a negative tilt with weak agreement, so the call is Neutral.
Most voters leaned one way; news dissented. Directional agreement 0.10.
A mildly-negative score, but weak agreement — so the engine returns a no-conviction Neutral rather than overclaim. This is the system refusing to force a call it doesn’t have.
GE Vernova's moat rests on its installed base: the FY2025 10-K states its equipment generates approximately 25% of the world's electricity, with ~7,000 installed gas turbines (~1,800 under long-term service agreements averaging ~10 years of remaining life) and ~$94.4B of Power-segment remaining performance obligations. The filing reports demand 'exceeding available capacity', lengthening Electrification lead-times 'as a result of demand outstripping supply', and pricing adjusted with demand — scarcity trade press later quantified as new gas-turbine order pricing tracking 10-20 points higher per kW in H1 2026 than Q4 2025, with only ~10 GW of production slots left across 2029-2030 (Power Engineering, 2026-04-23). The moat is not uniform: the 10-K risk section flags intensifying competition as manufacturers from China 'improve quality and reliability and pursue markets outside their home countries', and Offshore Wind is delivering its backlog under project-cost and execution pressure, compounded by the U.S. Interior Department's December 22, 2025 pause of leases for all large-scale U.S. offshore projects under construction, which directly impacted the Vineyard Wind timeline. Nuclear adds optionality: the 10-K cites an SMR deployment agreement it calls 'the first commercial contract of its kind in North America' via its joint ventures with Hitachi.
Rating: wide
FY2025 10-K (filed 2026-01-29): the installed base generates approximately 25% of the world's electricity; the Power segment carries ~$94.4B of remaining performance obligations with ~1,800 of ~7,000 installed gas turbines under long-term service agreements averaging ~10 years of remaining contract life; and the filing states demand is 'exceeding available capacity' for its products — a contracted, decade-scale service annuity on proprietary installed equipment.
Type: switching costs
10-K: ~1,800 gas turbines under long-term service agreements with ~10-year average remaining life, plus services agreements on ~24,000 of ~59,000 installed onshore wind turbines — service revenue is contractually tied to GE Vernova's own installed fleet; the filing adds it derives 'a sustained competitive advantage both from our IP portfolio as well as technical know-how embedded in our products and manufacturing techniques developed over decades'.
Leadership: co leader
10-K opens with 'GE Vernova is a global leader in the electric power industry' and its installed base generates ~25% of world electricity, but the filing names peer-scale competitors in every segment — Siemens Energy in both Power and Electrification, Mitsubishi Power, Vestas, Hitachi Energy, Schneider Electric, ABB — so co-leader across the portfolio rather than clear leader.
Pricing power: strong
10-K: 'increasing demand exceeding available capacity', Electrification customer lead-times 'increased as a result of demand outstripping supply', and both Power and Electrification state they adjust pricing 'in line with market demand, inflation, and industry dynamics'; trade press (Power Engineering, 2026-04-23) reported new gas-turbine order pricing in H1 2026 tracking 10-20 points higher on a dollar-per-kilowatt basis than Q4 2025 orders.
Curated moat judgment grounded in the cited source. source: sec.gov
Layer: datacenters, power & cooling
Power supplier to the AI buildout: the 10-K states gas power serves 'rising electricity demand from hyperscalers and data centers' and Electrification benefits from orders to electrify data centers 'playing a key role in the development of artificial intelligence (AI)'; trade press (Power Engineering, 2026-04-23) put roughly 20% of the ~100 GW of gas capacity under contract as explicitly tied to data-center load.
Derived from this company's mapped supply-chain edges and its industry layer.
The moat prior voted +0.35 on the long (~6-month) horizon at weight 0.20 — the swarm call there is neutral (score 0.24, conviction 9).
Editorial prior — subjective, not backtested. It is bounded (±0.6), low-confidence, and never votes on short/medium. See exactly how it voted →
Products & services with an editorial market-share band and technical barrier band — qualitative judgments tied to a cited basis, never invented figures.
| Product | Market share | Technical barrier |
|---|---|---|
| Gas Power (heavy-duty & aeroderivative turbines + services) · Power generation Heavy-duty and aeroderivative gas turbines for utilities, independent power producers, and industrial applications, plus maintenance and service across total plant assets over their operational lifecycle. | Top 3 10-K: ~7,000-unit installed gas turbine base with 126 HA-class turbines operating (~3.6M operating hours) and 51 more in RPO; the filing names only Siemens Energy and Mitsubishi Power as gas-scale Power peers — one of three global heavy-duty gas OEMs. No share percentage stated in the filing. | Deep 10-K: ~1,800 units under long-term service agreements with ~10-year average remaining contract life and ~$94.4B Power-segment RPO; with demand 'exceeding available capacity', multi-year production-slot scarcity itself blocks entrants. |
| Grid Solutions (Electrification Systems) · Grid equipment & automation HVDC transmission and AC substation solutions, power transformers, switchgear, synchronous condensers, and grid-automation products and services from point of generation to point of consumption. | Unknown 10-K reports 'robust demand' and customer lead-times that 'have increased as a result of demand outstripping supply', but states no market rank; named competitors are Hitachi Energy, Siemens Energy, Siemens, Schneider Electric, Mitsubishi Electric, and ABB. | Moderate 10-K: demand is outstripping industry supply while GE Vernova is 'making investments to expand our capacity and capabilities'; software — 'especially central to the IP position of the Electrification businesses' — is protected by copyrights, patents, and contractual protections. |
| Nuclear Power (BWR + BWRX SMR via GE-Hitachi JV) · Nuclear generation Boiling-water-reactor technology — reactor design, fuel, and support services — plus small modular reactor design and development through joint ventures with Hitachi, Ltd. | Niche 10-K: the nuclear offering is boiling-water-reactor technology plus SMR development through Hitachi joint ventures; named competitors Westinghouse, Framatome, and Rolls-Royce serve the broader reactor market — a technology-specific niche, with no rank stated. | Deep 10-K: an SMR deployment agreement it calls 'the first commercial contract of its kind in North America', plus discussions with the U.S. Administration on SMR development; risk section notes nuclear equipment must meet 'stringent certification, performance, and reliability standards'. |
| Offshore Wind (Haliade-X) · Wind generation Offshore wind turbines and wind-farm development; workhorse product is the Haliade-X 220m unit. | Niche 10-K: the segment is focused on delivering its existing backlog while experiencing 'pressure related to our project costs and execution timelines'; the December 22, 2025 DOI pause of leases for all large-scale U.S. offshore projects under construction directly impacted the Vineyard Wind completion timeline — positioned as backlog execution, not share-taking. | Moderate 10-K risk section: offshore turbines are engineered for 'stringent certification, performance, and reliability standards' — real entry barriers — but GE Vernova's own cost and execution pressure shows those barriers have not protected returns in this line. |
| Onshore Wind · Wind generation Onshore wind turbines (workhorse 2.8-127m, 3.6-154m, 6.1-158m, 6.0-164m units), technology, and fleet services including digital monitoring and optimization. | Unknown 10-K: installed base of ~59,000 onshore turbines with services agreements on ~24,000; the U.S. is ~60% of Onshore Wind equipment RPO. Filing names Vestas, Siemens-Gamesa, Nordex, Envision, and Goldwind as key competitors but states no rank or share. | Moderate 10-K: workhorse products are ~75% of Wind equipment RPO and the services annuity attaches to the installed fleet, but the risk section notes Chinese manufacturers 'improve quality and reliability and pursue markets outside their home countries', and U.S. tariff and production-tax-credit changes are 'increasing short-term demand volatility'. |
These charts plot GE Vernova's reported income statement, cash flow, and balance sheet from its SEC filings through 2026-10-28. Every figure is as-filed XBRL — none of it is an estimate.
Over the reported window, revenue grew 28% to $38.1B (FY2022→FY2025); gross margin moved 12% → 20%; net income at $4.9B in FY2025.
Analyst consensus — third-party estimates from Yahoo Finance, as of 2026-10-26. Not SEC filings and not a TradingPilot forecast. source: finance.yahoo.com
| Period | EPS (est.) | Revenue (est.) | YoY |
|---|---|---|---|
| Q/E Sep 2026 | USD 4.01 (USD 3.12–USD 4.89) · 15 | USD 12.0B (USD 11.8B–USD 12.4B) · 19 | +20% |
| FY 2026 | USD 30.42 (USD 26.64–USD 32.73) · 21 | USD 46.3B (USD 45.3B–USD 46.8B) · 32 | +22% |
Each figure shows the consensus mean, its (low–high) range where available, and · the number of analysts behind that estimate.
Next report ~2026-10-28.
Our model leans Low-confidence · Neutral on the stock over the medium horizon — a market-direction call, not an earnings forecast. See the Signal tab.
Some recent figures are from Yahoo Finance where the latest SEC filing hasn’t posted yet — FX-converted to USD and reconciled against SEC-filed periods.
Comparing against peers…
| Institution | Shares | Value | Δ shares QoQ | % of 13F | % shares out |
|---|---|---|---|---|---|
| BlackRock Passive / index | 21,763,980 | $25.6B | 1,037,370 | 0.4% | 8.22% |
| FMR (Fidelity) Passive / index | 16,150,499 | $19.0B | -2,186,436 | 0.8% | 6.10% |
| State Street Passive / index | 11,765,340 | $13.8B | 370,842 | 0.4% | 4.45% |
| Coatue Management (Philippe Laffont) Guru | 2,558,164 | $3.0B | -14,194 | 6.2% | 0.97% |
| Tiger Global Management (Chase Coleman) Guru | 797,511 | $937.0M | -175,483 | 3.9% | 0.30% |
| Bridgewater Associates (Ray Dalio (founder)) Guru | 122,768 | $144.2M | -312,129 | 0.6% | 0.05% |
| Renaissance Technologies Guru | 4,520 | $5.3M | 4,520 | 0.0% | 0.00% |
TradingPilot-computed columns (% of 13F, % shares out) are derived from as-filed 13F values; only name, shares and value are as-filed.
GE Vernova · 2026-10-28 · earnings
GE Vernova reported third-quarter orders and revenue growth and announced an agreement to acquire Trench Group. The acquisition remains subject to closing conditions.
Venture Global · 2026-10-15 · partnership
Venture Global entered power and grid frame agreements with GE Vernova and Baker Hughes Energy Services for up to 16 new 720 MW power island units and associated power transformer equipment for its behind-the-meter power network. Subject to customer commitments and market demand, it anticipates being able to develop up to 10GW of compute capacity by the end of 2034, and it expects to place its first power island purchase order by the end of 2026.
GE Vernova · 2026-09-29 · partnership
Tenova was selected to supply an electric arc furnace for Nippon Steel’s Yawata works. GE Vernova’s Direct Feed system will provide power for the furnace as part of the collaboration.
GE Vernova · 2026-09-29 · regulation
GE Vernova Hitachi announced that the NRC issued TVA a construction permit for a BWRX-300 small modular reactor at Clinch River. The company described the decision as the first U.S. construction permit for this reactor design.
GE Vernova · 2026-09-23 · partnership
GE Vernova signed a services agreement with affiliates of the Egyptian Electricity Holding Company to provide Rotor Life Extension for five 9F gas turbines (approximately 1,250 MW) at the Kureimat, Nubaria and Cairo North plants, extending their operating life by 13 to 15 years, with services executed between 2028 and 2035.
GE Vernova · 2026-09-22 · partnership
SGE, GE Vernova, Hitachi and Samsung C&T signed a memorandum of understanding establishing a framework for cooperation on market development and commercial opportunities for deploying the BWRX-300 small modular reactor in Central and Eastern Europe and the United Kingdom.
GE Vernova · 2026-09-16 · partnership
Vineyard Wind and GE Vernova reached an amicable settlement resolving all outstanding litigation over the Vineyard Wind offshore wind project; GE Vernova withdrew its notice of termination and both parties agreed to dismiss all pending legal claims.
Reuters · 2026-09-15 · partnership
GE Vernova and Thailand's B.Grimm Power signed agreements covering gas turbine supply.
Energies Media · 2026-09-09 · partnership
GE Vernova won an order from ESB to supply 16 Cypress onshore turbines for the 96 MW Chleansaid wind farm in Scotland.
Yahoo Finance · 2026-09-07 · personnel
GE Vernova hired Rivian's chief financial officer, who is leaving the EV maker to take the finance role at the power company.
Yahoo Finance · 2026-08-29 · personnel
Claire McDonough was named chief financial officer of GE Vernova.
ADVFN InvestorsHub · 2026-08-27 · partnership
GE Vernova secured a contract to supply a 400 kV substation for a UK grid upgrade. No contract value or customer is named in the supplied text.
World Nuclear News · 2026-08-17 · partnership
World Nuclear News reports that Blue Energy and GE Vernova Hitachi Nuclear Energy (GVH) have signed the agreement launching the next phase of their collaboration to deploy a 2.5 GW gas-plus-nuclear power plant in Texas. The article says the project, first announced in May, will see Blue Energy power a data centre using an initial 1 GW of power supplied by two GE Vernova gas turbines, with a further 1.5 GW from up to five GVH BWRX-300 small modular reactors added afterwards. Per the article, the newly announced agreement advances engineering design, licensing, and safety analysis of the project to deploy both GE Vernova 7HA.02 gas turbines and BWRX-300 SMRs at Victoria, Texas, subject to a final investment decision in 2027.
GE Vernova · 2026-08-13 · partnership
Blue Energy and GE Vernova Hitachi Nuclear Energy signed an agreement launching the next phase of their collaboration to deploy a 2.5 GW gas-plus-nuclear power plant in Victoria, Texas: roughly 1 GW from two GE Vernova 7HA.02 gas turbines powering a data center by 2030 and about 1.5 GW from up to five BWRX-300 small modular reactors beginning in 2032, advancing engineering design, licensing, and safety analysis ahead of a final investment decision targeted for 2027.
TradingView · 2026-07-22 · earnings
GE Vernova reported Q2 2026 revenue of $11.1 billion, up 22% year-over-year, and raised its full-year 2026 revenue guidance to $45.5-$46.5 billion. Power segment orders rose 134% organically to $16.7 billion.
PR Newswire · 2026-07-16 · partnership
Constellation Technology Ventures, the venture arm of Constellation Energy, made a strategic (undisclosed) investment in nuclear developer Blue Energy to accelerate deployment of GE Vernova Hitachi's BWRX-300 small modular reactors via shipyard manufacturing. Constellation described it as its first investment in a U.S. SMR developer.
2026-10-29 Yahoo Finance: GEV · GE Vernova: 3 Key Takeaways for Long-Term Investors
2026-10-28 Yahoo Finance: GEV · GE Vernova Inc. Q3 2026 Earnings Call Summary
2026-10-28 Yahoo Finance: GEV · A $9 Billion Reason Why GE Vernova Stock Is Down Today
2026-10-28 Yahoo Finance: GEV · Why GE Vernova Stock Is Sinking Today
2026-10-28 Yahoo Finance: GEV · GE Vernova: Q3 Earnings Snapshot
2026-10-28 CNBC Top News · GE Vernova shares slip despite a beat-and-raise. What the sellers are getting wrong
2026-10-28 Yahoo Finance: GEV · GE Vernova posts strong earnings — but power is the new AI bottleneck
2026-10-28 Yahoo Finance: GEV · GE Vernova (GEV) Q3 2026 Earnings Call Transcript
2026-10-28 Yahoo Finance: GEV · GE Vernova meets high bar, but slot conversions now in focus: BNP Paribas
2026-10-28 Yahoo Finance: GEV · Nuclear Energy - Global Strategic Business Report (2026-2032) Featuring Strategic Intelligence on EDF, Rosatom, GE Vernova, NuScale Power and TerraPower
2026-10-28 Yahoo Finance: GEV · GE Vernova Stock Falls; 'New Orders And New Slots Missed By A Mile'
2026-10-28 Business Wire Energy · GE Vernova to Acquire Trench Group
2026-10-27 Yahoo Finance: GEV · Exploring Analyst Estimates for GE Vernova (GEV) Q3 Earnings, Beyond Revenue and EPS
2026-10-27 Yahoo Finance: GEV · GE Vernova (GEV) reports Q3: everything you need to know ahead of earnings
2026-10-27 Yahoo Finance: GEV · GE Vernova Stock And 2 Nuclear Power Shares In The Spotlight
2026-10-27 Yahoo Finance: GEV · GE Vernova and ATI shares are soaring, what you need to know
2026-10-26 Yahoo Finance: GEV · GE Vernova (GEV) Lands 372 MW Côte D’Ivoire Power Plant Order
2026-10-26 Yahoo Finance: GEV · GEV, D, CMS, AEP And PWR To Report Earnings This Week – A Look At What Investors Are Watching
2026-10-26 Yahoo Finance: GEV · Buy, Hold or Sell GE Vernova Stock? Key Insights Ahead of Q3 Earnings
2026-10-26 Yahoo Finance: GEV · GE Vernova Reports Oct. 28. Here's the 1 Number That Matters More Than Its Multibillion-Dollar Backlog (Hint: It's Measured in Gigawatts).
Impact = company-prominence tier (High/Medium auto-assigned by graph centrality/size; Low only on curated minor events), not a magnitude forecast.
| Date | Type | Event | Impact |
|---|---|---|---|
| 2027-01-27 | earnings | GE Vernova earnings (estimated) — Date not yet announced — estimated from EDGAR filing cadence (last periodic filing + 91/365 days); confirm via IR. estimated | High |
| Date | Event | Impact | Outcome |
|---|---|---|---|
| 2026-10-28 | GE Vernova earnings confirmed | High | EPS beat · Rev beat |
| 2026-07-22 | GE Vernova earnings confirmed | High | EPS miss · +4.7% |
| 2026-04-22 | GE Vernova earnings confirmed | High | EPS beat · +1.9% |
