GEV Stock Jumps After GE Vernova CEO Touts This Milestone

Despite widespread AI concerns, GE Vernova (GEV) expects to reach a key backlog target sooner than expected. GEV stock jumped on Wednesday. At a Morgan Stanley conference, GE Vernova CEO Scott Strazik reportedly said the company’s backlog, which ended the second quarter at $176 billion, is on track to hit $200 billion “very early” in 2027. That is earlier than…