datacenters, power & cooling · 产业指数 15 (排名 #40) ·
价格: 截至 2026-10-29 指数: 截至 2026-10-29 基本面: 最新申报文件 2026-10-28 按季披露（10-Q XBRL）
GE Vernova 供应发电与电网设备，包括为 AI 数据中心供电的燃气轮机。
产业敞口 0.3 (电力设备制造商，AI／数据中心负荷约占燃气轮机在手订单的五分之一，是一个不断增长但并非全部的驱动因素。)
延迟的日终逐合约汇总数据——不是实时盘口，也不是逐笔资金流。买卖方向是根据每个合约最后一笔成交在买卖价差中的位置推断出来的，并非观测到的委托流。除非有报价的合约占当日权利金的四分之一以上，否则公司层面的方向会被隐去，因此下方个别合约有方向时这里也可能为空。看跌/看涨权利金是在我们采集的合约范围内计算的——最近的 6 个到期日、45 天以内，并非完整期权链——而下表最多列出 20 个被标记的合约，所以把这些行加总不会还原出上面的百分比。
标记原因：earnings today
| 日期 | 合约 | 异常分 | 买卖方向（推断）? | 持仓量变动? | 成交量 | 成交量/持仓量 | 标记 |
|---|---|---|---|---|---|---|---|
| 2026-10-28 | $900 CALL | 80 | 买方主动 | +492 | 4,768 | 5.4× | |
| 2026-10-28 | $900 CALL | 66 | 价差中段 · 无法判定方向 | +1 | 703 | 8.8× | |
| 2026-10-28 | $915 CALL | 62 | 买方主动 | +6 | 265 | 5.0× | |
| 2026-10-28 | $920 CALL | 56 | 卖方主动 | +39 | 377 | 2.7× | |
| 2026-10-28 | $930 CALL | 56 | 价差中段 · 无法判定方向 | +12 | 263 | 5.6× | |
| 2026-10-28 | $840 PUT | 51 | 价差中段 · 无法判定方向 | +24 | 239 | 3.1× | |
| 2026-10-28 | $910 CALL | 51 | 价差中段 · 无法判定方向 | +43 | 374 | 1.5× | |
| 2026-10-28 | $845 PUT | 50 | 买方主动 | +2 | 210 | 17.5× | |
| 2026-10-28 | $902.5 CALL | 46 | 价差中段 · 无法判定方向 | +120 | 159 | 1.2× | |
| 2026-10-28 | $850 PUT | 43 | 价差中段 · 无法判定方向 | +54 | 276 | 1.0× | |
| 2026-10-28 | $835 PUT | 43 | 卖方主动 | 0 | 205 | 34.2× | |
| 2026-10-28 | $860 PUT | 43 | 价差中段 · 无法判定方向 | +4 | 122 | 0.9× |
8 smaller flags (under $100000 premium) hidden.
最近交易日：为 13 日基准的 1.0 倍
看涨 57% / 看跌 43%（按权利金）
新闻 定下了基调，但群体不愿下结论——负向倾斜叠加薄弱的一致度，因此结论为中性。
多数投票者倾向一致；新闻 投了反对票。方向一致度 0.10。
分数略偏负，但一致度薄弱——因此引擎给出无置信度的中性，而不是过度断言。这是系统拒绝硬凑一个它并不具备的结论。
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.
评级: 宽
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.
类型: 转换成本
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'.
领先地位: 并列领先者
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.
定价权: 强
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.
基于所引来源做出的人工整理护城河判断。 来源：sec.gov
层级: 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.
由这家公司已映射的供应链关系及其所属产业层级推导而来。
护城河先验在长周期（约 6 个月）上投出 +0.35 票，权重为 0.20——该周期上的群体判断是 neutral（得分 0.24，信念度 9）。
编辑先验——主观、未经回测。它有界（±0.6）、低置信度，且从不对短周期与中周期投票。 查看它究竟如何投票 →
产品与服务，附编辑判定的市场份额区间与技术壁垒区间——这些是与所引依据绑定的定性判断，绝非杜撰的数字。
| 产品 | 市场份额 | 技术壁垒 |
|---|---|---|
| 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. | 前三 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. | 深 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. | 未知 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. | 中等 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. | 细分市场 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. | 深 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. | 细分市场 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. | 中等 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. | 未知 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. | 中等 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'. |
这些图表绘制的是 GE Vernova 在其 SEC 申报文件中已申报的利润表、现金流量表与资产负债表（截至 2026-10-28）。每一个数字都是申报原值 XBRL——没有任何一项是预估。
在已申报的区间内，营收增长 28%，达到 $38.1B（FY2022→FY2025）; 毛利率从 12% 变为 20%; FY2025 净利润为 $4.9B。
分析师一致预期——来自 Yahoo Finance 的第三方预估，截至 2026-10-26。这不是 SEC 申报文件，也不是 TradingPilot 的预测。 来源：finance.yahoo.com
| 期间 | 每股收益（预估） | 营收（预估） | 同比 |
|---|---|---|---|
| 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% |
每个数字显示一致预期均值、可得时的（最低–最高）区间，以及 · 后面给出该预估背后的分析师人数。
下次财报约在 2026-10-28。
我们的模型在中周期上对这只股票偏向 Low-confidence · Neutral——这是对市场方向的判断，不是对盈利的预测。查看“信号”标签。
部分近期数字来自 Yahoo Finance，用于填补最新 SEC 申报尚未发布的期间——已折算为美元，并与 SEC 申报期间做过核对。
正在与同业比较…
| 机构 | 股数 | 金额 | 环比股数变动 | 占 13F 比例 | 占流通股比例 |
|---|---|---|---|---|---|
| BlackRock 被动 / 指数 | 21,763,980 | $25.6B | 1,037,370 | 0.4% | 8.22% |
| FMR (Fidelity) 被动 / 指数 | 16,150,499 | $19.0B | -2,186,436 | 0.8% | 6.10% |
| State Street 被动 / 指数 | 11,765,340 | $13.8B | 370,842 | 0.4% | 4.45% |
| Coatue Management (Philippe Laffont) 大师 | 2,558,164 | $3.0B | -14,194 | 6.2% | 0.97% |
| Tiger Global Management (Chase Coleman) 大师 | 797,511 | $937.0M | -175,483 | 3.9% | 0.30% |
| Bridgewater Associates (Ray Dalio (founder)) 大师 | 122,768 | $144.2M | -312,129 | 0.6% | 0.05% |
| Renaissance Technologies 大师 | 4,520 | $5.3M | 4,520 | 0.0% | 0.00% |
TradingPilot 计算的列（占 13F 比例、占流通股比例）由申报原值推导而来；只有名称、股数与金额是申报原值。
GE Vernova · 2026-10-28 · 财报
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 · 合作
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 · 合作
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 · 监管
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 · 合作
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 · 合作
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 · 合作
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 · 合作
GE Vernova and Thailand's B.Grimm Power signed agreements covering gas turbine supply.
Energies Media · 2026-09-09 · 合作
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 · 人事
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 · 人事
Claire McDonough was named chief financial officer of GE Vernova.
ADVFN InvestorsHub · 2026-08-27 · 合作
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 · 合作
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 · 合作
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 · 财报
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 · 合作
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).
影响 = 公司显著度层级（高/中由图谱中心度与规模自动判定；低仅用于人工整理的次要事件），不是对波动幅度的预测。
| 日期 | 类型 | 事件 | 影响 |
|---|---|---|---|
| 2027-01-27 | 财报 | GE Vernova earnings (estimated) — Date not yet announced — estimated from EDGAR filing cadence (last periodic filing + 91/365 days); confirm via IR. 预估 | 高 |
| 日期 | 事件 | 影响 | 结果 |
|---|---|---|---|
| 2026-10-28 | GE Vernova earnings 已确认 | 高 | 每股收益超预期 · 营收超预期 |
| 2026-07-22 | GE Vernova earnings 已确认 | 高 | 每股收益不及预期 · +4.7% |
| 2026-04-22 | GE Vernova earnings 已确认 | 高 | 每股收益超预期 · +1.9% |
