GE Vernova Sees Strong Orders but Thin Margin of Safety
Power equipment demand for gas turbines, transformers, and switchgear is being driven by AI data centers, utilities, and industrial customers, supporting multi-year order visibility. GE Vernova’s coverage across generation, grids, and long-term services supports recurring revenue, with Power services reaching about 64% of revenue in 2Q 2026. The concern is limited margin of safety measured by segment EBITDA.