Barometer Capital Management Inc. on GE Vernova Inc.
Thesis
GE Vernova is positioned at the center of a multi-year build-out in electricity generation and grid infrastructure. AI data centers, broader electrification and modernization of aging grids are producing a deep and growing backlog for turbines and grid equipment. Long equipment lead times provide strong revenue visibility and reinforce Barometer's view that the trend is durable.
“The long lead times on this equipment lend strong visibility to future revenue and reinforce the durability of the trend.”