datacenters, power & cooling · 產業指數 15 (排名 #40) ·
價格: 截至 2026-10-30 指數: 截至 2026-10-30 基本面: 最新申報文件 2026-10-28 按季揭露（10-Q XBRL）
GE Vernova supplies power generation and grid equipment, including gas turbines used to power AI data centers.
產業曝險 0.3 (Power-equipment maker where AI/data center load is roughly a fifth of the gas turbine backlog, a growing but partial driver.)
延遲的日終逐合約彙總資料——不是即時盤口，也不是逐筆資金流。買賣方向是根據每個合約最後一筆成交在買賣價差中的位置推斷出來的，並非觀測到的委託流。除非有報價的合約佔當日權利金的四分之一以上，否則公司層級的方向會被隱去，因此下方個別合約有方向時這裡也可能為空。買權/賣權權利金是在我們擷取的合約範圍內計算的——最近的 6 個到期日、45 天以內，並非完整選擇權鏈——而下表最多列出 20 個被標記的合約，所以把這些列加總不會還原出上面的百分比。
標記原因：earnings just released on 28 October
| 日期 | 合約 | 異常分數 | 買賣方向（推斷）? | 未平倉變動? | 成交量 | 成交量/未平倉 | 標記 |
|---|---|---|---|---|---|---|---|
| 2026-10-30 | $920 CALL | 48 | 價差中段 · 無法判定方向 | +10 | 86 | 3.3× | |
| 2026-10-30 | $917.5 CALL | 40 | 買方主動 | +22 | 62 | 1.5× | |
| 2026-10-30 | $835 PUT | 39 | 價差中段 · 無法判定方向 | +29 | 59 | 0.8× |
17 smaller flags (under $100000 premium) hidden.
最近交易日：為 13 日基準的 0.9 倍
買權 36% / 賣權 64%（按權利金）
新聞 定下了基調，但群體不願下結論——負向傾斜加上薄弱的一致度，因此結論為中性。
多數投票者傾向一致；新聞 投了反對票。方向一致度 0.10。
分數略偏負，但一致度薄弱——因此引擎給出沒有信心度的中性，而不是過度斷言。這是系統拒絕硬湊一個它並不具備的結論。
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.
評級: 寬
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.
類型: 轉換成本
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'.
領先地位: 並列領先者
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.
定價權: 強
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.
依所引來源做出的人工整理護城河判斷。 來源：sec.gov
層級: 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.
由這家公司已對應的供應鏈關係及其所屬產業層級推導而來。
護城河先驗在長週期（約 6 個月）投出 +0.35 票，權重為 0.20——該週期上的群體判斷是 neutral（分數 0.24，信念度 9）。
編輯先驗——主觀、未經回測。它有界（±0.6）、低信賴度，且從不對短週期與中週期投票。 檢視它究竟如何投票 →
產品與服務，附編輯判定的市佔區間與技術門檻區間——這些是與所引依據綁定的定性判斷，絕非杜撰的數字。
| 產品 | 市場佔有率 | 技術門檻 |
|---|---|---|
| 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. | 利基市場 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. | 利基市場 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'. |
這些圖表繪製的是 GE Vernova 在其 SEC 申報文件中已申報的損益表、現金流量表與資產負債表（截至 2026-10-28）。每一個數字都是申報原值 XBRL——沒有任何一項是預估。
在已申報的區間內，營收成長 28%，達到 $38.1B（FY2022→FY2025）; 毛利率從 12% 變為 20%; FY2025 淨利為 $4.9B。
分析師一致預期——來自 Yahoo Finance 的第三方預估，截至 2026-10-26。這不是 SEC 申報文件，也不是 TradingPilot 的預測。 來源：finance.yahoo.com
| 期間 | 每股盈餘（預估） | 營收（預估） | 年增率 |
|---|---|---|---|
| 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% |
每個數字顯示一致預期平均值、可得時的（最低–最高）區間，以及 · 後面給出該預估背後的分析師人數。
下次財報約在 2026-10-28。
我們的模型在中週期上對這檔股票偏向 Low-confidence · Neutral——這是對市場方向的判斷，不是對獲利的預測。檢視「訊號」分頁。
部分近期數字取自 Yahoo Finance，用來補上最新 SEC 申報尚未發布的期間——已換算為美元，並與 SEC 申報期間核對過。
正在與同業比較…
| 機構 | 股數 | 金額 | 季增減股數 | 佔 13F 比例 | 佔流通股比例 |
|---|---|---|---|---|---|
| BlackRock 被動 / 指數 | 21,763,980 | $25.6B | 1,037,370 | 0.4% | 8.22% |
| FMR (Fidelity) 被動 / 指數 | 16,150,499 | $19.0B | -2,186,436 | 0.8% | 6.10% |
| State Street 被動 / 指數 | 11,765,340 | $13.8B | 370,842 | 0.4% | 4.45% |
| Coatue Management (Philippe Laffont) 大師 | 2,558,164 | $3.0B | -14,194 | 6.2% | 0.97% |
| Tiger Global Management (Chase Coleman) 大師 | 797,511 | $937.0M | -175,483 | 3.9% | 0.30% |
| Bridgewater Associates (Ray Dalio (founder)) 大師 | 122,768 | $144.2M | -312,129 | 0.6% | 0.05% |
| Renaissance Technologies 大師 | 4,520 | $5.3M | 4,520 | 0.0% | 0.00% |
TradingPilot 計算的欄位（佔 13F 比例、佔流通股比例）由申報原值推導而來；只有名稱、股數與金額是申報原值。
GE Vernova · 2026-10-28 · 財報
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 · 監管
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 · 財報
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).
影響 = 公司顯著度層級（高/中由圖譜中心度與規模自動判定；低僅用於人工整理的次要事件），並非對波動幅度的預測。
| 日期 | 類型 | 事件 | 影響 |
|---|---|---|---|
| 2027-01-27 | 財報 | GE Vernova earnings — Company-confirmed date. 已確認 | 高 |
| 日期 | 事件 | 影響 | 結果 |
|---|---|---|---|
| 2026-10-28 | GE Vernova earnings 已確認 | 高 | 每股盈餘優於預期 · 營收優於預期 · +1.1% |
| 2026-07-22 | GE Vernova earnings 已確認 | 高 | 每股盈餘不如預期 · +4.7% |
| 2026-04-22 | GE Vernova earnings 已確認 | 高 | 每股盈餘優於預期 · +1.9% |
