GE Vernova Stock Gains Following Bullish Executive Commentary at Morgan Stanley Conference

GE Vernova Inc (NYSE: GEV) shares rose 4.10% to $918.97 following positive remarks from executives at the Morgan Stanley Laguna Conference, indicating strong demand in the Gas Power business. The company expects second-half contract commitments to exceed its previous guidance of 20 gigawatts, with a projected 50% growth in gas capacity additions by the end of 2026. GE Vernova's order backlog reached $176 billion in Q2, contributing to increased revenue visibility through 2030.