GE Vernova
GEVpower· NYSEGE Vernova, electricity supply: gas turbines, grid equipment, and wind, the generation and transmission side of the AI power crunch.
Why it matters
AI data centers need firm power, and GE Vernova builds the gas turbines and grid gear that supply it. Turbine backlogs and slot scarcity make it a direct play on the electricity bottleneck.
The read
Levered to Firm electricity supply: gas-turbine slots and grid capacity gate how much new data-center load can actually be served.
Bull case: AI needs firm power, and turbine slots are booked years out; scarcity gives pricing power across gas and grid, with wind as the swing factor.