GE Vernova's Backlog Is Bigger Than Some Countries' GDP. Here's What's Actually Inside the $176 Billion.
GE Vernova is experiencing incredible growth, driven by soaring energy demands and the rapid expansion of data centers.
Overview
GE Vernova's (NYSE: GEV) backlog is massive. If its $176 billion backlog were a country, it would rank as the 62nd-largest country by GDP, ahead of Kuwait, Ecuador, and Slovakia. That is huge, especially for a company that generated $38 billion in revenue last year.
GE Vernova's growing backlog reflects incredibly strong demand for its power equipment amid the AI data center boom. Here's what sits inside its massive backlog and what it ultimately means for investors.
Details
GE Vernova's backlog, which it tracks as remaining performance obligation (RPO), surged higher to $176 billion at the end of the second quarter. This backlog grew by another $13 billion since the second quarter and is up 37% year over year, driven by a global electricity investment supercycle, providing the company with visibility into earnings well into the 2030s.
Source
Originally published at www.fool.com.
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