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GE Vernova's stock price soared nearly 15% in early trading, hitting a record high of $1,130, with its total market value surpassing $300 billion. The company reported strong first-quarter results, with orders surging 71% year-on-year and free cash flow reaching $4.8 billion, surpassing the total for the entire previous year. Driven by demand from AI data centers and grid upgrades, the backlog of gas power orders exceeded 100 GW, and orders in the electrification segment saw significant growth. Despite the impact of tariffs on its wind power business, the company comprehensively raised its full-year financial guidance, lifting the midpoint of its free cash flow target by nearly 40%, underscoring the accelerating expansion of global power infrastructure investment.
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