What Drove GE Vernova’s 2x Surge?

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GE Vernova (GEV) stock has nearly doubled in value in the last six months, driven by increased demand for electricity from AI data centers, which has significantly boosted its electrification contracts. The company’s substantial and growing backlog of secured contracts, coupled with robust free cash flow and a stable power sector, has instilled investor confidence. While the wind division still faces challenges, management’s focus on profitability over growth has been well-received.

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