ge general electric stock: AI Momentum Drives Wall Street Optimism

ge general electric stock has become a standout performer in the S&P 500, capturing the attention of both institutional and retail investors. Since the split from General Electric and the debut of GE Vernova on the New York Stock Exchange in April 2024, the stock has experienced remarkable growth. This article will help you understand the key drivers behind this surge, the latest industry trends, and what makes ge general electric stock a focal point for those interested in the intersection of energy and technology.

AI-Driven Demand Fuels ge general electric stock Growth

As of September 21, 2025, according to Cryptopolitan, ge general electric stock has quadrupled since April 2024, making it the second-best performer in the S&P 500. The primary catalyst is the explosive growth in electricity demand from artificial intelligence (AI) data centers. CEO Scott Strazik highlighted that GE Vernova was "purpose built" to meet this surge, and recent results have validated this claim.

The company’s gas turbine business is a core revenue driver. Orders for gas turbines have soared, with a reported 55-gigawatt backlog as of June 2025. The business is sold out through 2028, and service revenue from over 7,000 installed turbines now accounts for about 70% of gas power revenue. Utilities are investing heavily to upgrade existing infrastructure, further boosting service backlogs, which reached $56 billion by the end of 2024.

Financial Performance and Market Data

ge general electric stock’s financial health is robust. The company’s cash reserves doubled to $8 billion by the end of 2024, with a target of $14 billion by 2028. Revenue forecasts are equally impressive, aiming for $45 billion in 2028, up from $35 billion in 2024. Analysts remain bullish, with average price targets around $686.68—about 10% above recent closing prices. Some, like Melius Research, have set targets as high as $740, citing the "hard to internalize" price jumps driven by demand.

Grid equipment, including transformers and switchgears, is also in high demand. The backlog for these products reached $24 billion in Q2 2025, nearly 40% higher than the previous year. Orders from data centers alone are expected to hit $1 billion in 2025, compared to $600 million for all of 2024.

Nuclear and Wind: Contrasting Fortunes

GE Vernova is expanding its nuclear power segment, aiming to add five gigawatts of nuclear capacity in the U.S. by restarting old sites and upgrading 65 reactors. The company is also constructing small modular reactors, with the first in Ontario and another planned in Tennessee. If successful, nuclear revenue could exceed $2 billion annually by the mid-2030s.

However, the wind energy division faces significant challenges. The unit lost $588 million in 2024, following a $1 billion loss the previous year. Issues include high interest rates, turbine blade failures, and regulatory uncertainty. Major offshore projects like Vineyard Wind and Dogger Bank have encountered delays, and the company has signaled it will not pursue similar projects without improved industry economics.

Key Takeaways and What’s Next for Investors

ge general electric stock’s recent performance is closely tied to the global shift toward electrification and the rapid expansion of AI infrastructure. The company’s focus on gas turbines and grid solutions positions it well for continued growth, while its nuclear ambitions offer long-term potential. Investors should monitor ongoing developments in the wind sector and regulatory landscape, as these could impact future earnings.

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Further Exploration and Practical Insights

To maximize your understanding of ge general electric stock, consider following official announcements and quarterly reports for the latest figures on backlog, revenue, and sector performance. For secure asset management and trading, Bitget Wallet offers a reliable solution tailored for both beginners and experienced users. Continue exploring Bitget’s educational resources for more practical tips and industry updates.