On July 22, GE Vernova Inc. rose 5.21% in pre-market trading, trading at approximately $1,144.99/share, with turnover of $8.5175 million.

On the news front, the company released its quarterly earnings report before the market open, while simultaneously confirming that its gas turbine annual production capacity is on schedule to reach 20 gigawatts this quarter, with a further ramp to 24 gigawatts projected by 2028. Bank of America had previously forecast Q2 orders of $19.6 billion, representing 59% year-over-year growth and a 1.8x book-to-bill ratio, modestly exceeding the market consensus of $19.4 billion. BofA maintained its buy rating and $1,310 price target, noting the electrification segment as the most likely source of upside. Market consensus for the quarter called for revenue of approximately $10.743 billion, up 22.11% year-over-year, and adjusted EPS of $3.12, up 107% year-over-year. AI data center power demand continues to drive gas turbine momentum, with the company's order backlog extending through 2031 and turbine prices having risen approximately 300% over the past three years.

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