On July 20, GE Vernova Inc. rose 3.43% in regular trading, trading at $1093.26/share, with turnover of $173 million.

On the news front, Bank of America Securities released a research note estimating GE Vernova's Q2 orders at $19.6 billion, representing 59% year-over-year growth and a 1.8x book-to-bill ratio, modestly exceeding market consensus of $19.4 billion. BofA maintained its buy rating and $1,310 price objective, citing the electrification segment and the recent Prolec joint venture buy-in as the most likely source of upside. Revenue and adjusted EBITDA are expected to be in line with consensus for the quarter.

The stock is also buoyed by structural tailwinds from AI data center power demand, which continues to elevate gas turbine order visibility through 2031, with turbine pricing up approximately 300% over the past three years. Market consensus expects Q2 revenue of approximately $10.74 billion, up 22.11% year-over-year, with adjusted EPS of $3.12, up 107%. The company is scheduled to report Q2 results on July 22 before market open.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)