Energy
GE Vernova Soars After AI Spurs Higher Dividend and Buybacks
Gas turbines made by GE Vernova at the construction site of a Stargate AI data center in Abilene, Texas, in September.
Photographer: Kyle Grillot/BloombergGE Vernova Inc. surged to a record high after showering shareholders with rewards in the latest sign that demand for new natural gas-fired power will remain robust for years into the future.
Shares of the supplier of electric-generation equipment climbed 16% to $723.09 at 9:38 a.m. in New York, a day after it doubled its dividend, increased the scope for share buybacks and raised earnings projections at an investor day in New York.