GE Vernova is trading 3.25% higher at $981.34, with bullish CEO Scott Strazik remarks on backlog growth offering a company-specific explanation for the move.
- An October 1 report highlighted Strazik’s remarks at the Morgan Stanley conference: the backlog is expected to reach $200 billion very early in 2027.
- He also expects second-half gas-turbine orders to exceed prior guidance; broader indices were modestly lower, not a clear tailwind.