GE Vernova (NYSE: GEV) manufactures wind turbines and natural gas turbines for the power industry. Global electricity demand surged by 4.3% in 2024, up from 2.5% in 2023, as per the International Energy Agency (IEA). Data centers consumed 1.5% of the world’s total electricity in 2024, with an annualized 12% rise in demand from 2020 to 2024.

GE Vernova’s offerings position it well to benefit from the increasing demand for electricity and grid solutions, including for data centers. The stock has risen about 109% in the past year and over 470% since its spinoff from General Electric in spring 2024.

GE Vernova reported fourth-quarter earnings of $13.39 per share, beating estimates by over $10 per share. CEO Scott Strazik noted strong demand for data center equipment, particularly in the U.S., with over $2 billion in orders for data centers in 2025, triple the previous year’s total.

Natural gas demand hit an all-time high in 2024 and rose by 1% in 2025. The IEA forecasts a 2% growth in global gas demand in 2026. Renewable energy is another growth opportunity for GE Vernova, with $9.1 billion in revenue from its wind segment in 2025. Global renewable energy capacity is expected to double by 2030.

With a backlog of $150 billion worth of projects, GE Vernova is poised to serve a growing market. Investors should consider this global energy company as a potential long-term buy, given its strong position in the energy sector.

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