GE Vernova (GEV) perpetual market

GE Vernova is the energy company spun off from General Electric in 2024, when the industrial conglomerate split into three separate businesses. It brings together GE's power, wind and electrification operations, positioning it as a major supplier of the equipment and technology used to generate and transmit electricity worldwide. Its portfolio spans gas turbines that produce a significant share of the world's power, wind turbines, grid equipment and electrification systems. GE Vernova is closely tied to two powerful trends: the global push to modernize aging electricity grids and the surge in electricity demand driven by data centers and artificial intelligence, which has renewed interest in reliable power generation. The company sits at the center of the energy transition, balancing growth in renewables with continued demand for gas power to provide steady baseload electricity. As a newly independent business, it is watched as a pure-play on electrification and grid investment.