Scott Strazik Discusses GE Vernova's Embrace of the AI Power Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 08 2026
0mins
Source: Barron's
Leadership Change: Scott Strazik took over as head of General Electric’s energy business, GE Vernova, in 2021.
Business Transformation: The electricity business has undergone significant changes since Strazik's appointment, reflecting a different operational landscape.
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Analyst Views on GEV
Wall Street analysts forecast GEV stock price to rise
24 Analyst Rating
20 Buy
4 Hold
0 Sell
Strong Buy
Current: 817.350
Low
714.00
Averages
858.23
High
1087
Current: 817.350
Low
714.00
Averages
858.23
High
1087
About GEV
GE Vernova Inc. is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. It designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Power segment includes the design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification segment includes grid solutions, power conversion and storage, and electrification software technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. Its accelerator business includes advanced research, consulting services and financial services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Palantir Ownership Surge: According to Bank of America Research, Palantir Technologies saw its fund ownership jump from 8% to 32% over the past year, indicating a significant rise in popularity among institutional investors and strong demand for its data intelligence solutions.
- Broad Investment Participation: In addition to Palantir, companies like GE Vernova, Amphenol, Western Digital, Broadcom, AMD, and Arista Networks are attracting more attention from fund managers, reflecting an expanding interest in AI-related stocks beyond merely increasing existing positions.
- Evolving Investment Thesis: As the AI investment thesis evolves, fund managers are now targeting companies in power equipment, data infrastructure, connectivity, and enterprise software as direct beneficiaries of the technology shift, showcasing broad market recognition of AI applications.
- Sustained Market Momentum: Despite some sectors of technology facing challenging valuations, trading in AI-related stocks remains robust, indicating that institutional investors are uncovering wider investment opportunities across the economy, further driving the deepening integration of AI applications.
See More
Market Dynamics and Company Outlook
- Oil Price Fluctuations: Brent crude oil prices surged by 4%, surpassing $117 per barrel, leading U.S. gas prices to exceed $4 per gallon; while the S&P 500 is expected to open higher, the market faces cost pressures from rising oil prices, potentially impacting overall economic recovery.
- Marvell and Nvidia Partnership: Marvell shares surged nearly 10% after announcing a strategic partnership with Nvidia, which will invest $2 billion to enhance the connectivity of Marvell's custom processors with Nvidia's networking technology, thereby strengthening Marvell's competitive position in the AI chip market.
- McCormick Acquires Unilever's Food Business: McCormick announced a $45 billion deal to acquire Unilever's food business, which will significantly expand its market share in spices and condiments, despite reporting only 1.2% organic sales growth in the last quarter, enhancing brand influence.
- Wells Fargo Downgrades Ford: Wells Fargo cut its price target for Ford from $11 to $10 and reiterated a sell rating, with analysts concerned that the fallout from the Iran war will increase raw material and freight costs, potentially impacting the profitability of automakers.
See More
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- Oil Price Impact: U.S. West Texas Intermediate crude oil prices rose over 3% to above $100 per barrel; however, despite this typically leading to higher bond yields, the 10-year Treasury yield fell about 10 basis points to 4.32%, reflecting a cautious market response to short-term energy cost spikes.
- TJX Dividend and Buyback: TJX Companies announced a 14% increase in its quarterly dividend to $0.48 per share and plans to repurchase approximately $2.5 billion to $2.75 billion of stock in the current fiscal year, signaling confidence in future earnings and cash flow growth, despite a modest dividend yield of 1.2%.
- Strong Long-term Performance: TJX shares have risen 298% over the past decade, with a total return of 358% when including reinvested dividends, demonstrating the company's consistent execution and off-price model's effectiveness in attracting value-seeking shoppers.
See More
Iran Conflict Drives Surge in Green Energy Stocks
- Oil Price Impact: Iran's attacks on key energy sites and the blockade of the Strait of Hormuz have driven global oil prices higher, prompting investors to rotate towards energy stocks while simultaneously generating strong tailwinds for green energy stocks.
- Oklo's Market Potential: Oklo's modular microreactors are set to deploy in Idaho by late 2027, with analysts projecting revenue growth from under $1 million in 2027 to $36.2 million in 2028; despite its enterprise value of $8.06 billion suggesting a high valuation, it still holds long-term growth potential.
- CleanSpark's Growth Outlook: CleanSpark provides green energy solutions through its modular microgrids for Bitcoin miners, with revenue expected to grow at a 23% CAGR from 2025 to 2028; although its stock has recently cooled, it appears undervalued at three times this year's sales, indicating strong investment appeal.
- GE Vernova's Stability: As GE's former energy division, GE Vernova is projected to see revenue and adjusted EBITDA growth rates of 15% and 55% respectively from 2025 to 2028; while its enterprise value stands at $221 billion, its balanced growth justifies the higher valuation.
See More
Analysis of Oklo, CleanSpark, and GE Vernova's Prospects
- Oklo's Modular Microreactors: Oklo's Aurora microreactor is designed for deployment in remote areas, generating 1.5 MWe individually and up to 100 MWe when linked, with revenue projected to surge from under $1 million in 2027 to $36.2 million in 2028, indicating strong market demand potential.
- CleanSpark's Green Mining Transition: CleanSpark acquired ATL Data Centers and upgraded its Bitcoin miners, holding 13,363 Bitcoins valued at approximately $905.4 million, with revenue expected to grow at a 23% CAGR from 2025 to 2028, reflecting robust demand for cleaner crypto mining and AI infrastructure.
- GE Vernova's Balanced Growth: In 2025, over half of GE Vernova's orders came from its Power segment, with revenue and adjusted EBITDA expected to grow at CAGRs of 15% and 55% respectively from 2025 to 2028, showcasing its dual advantage in both conventional and green energy sectors.
- Market Environment Impact: Iran's attacks on key energy sites and the blockade of the Strait of Hormuz have driven up global oil prices, prompting investors to rotate towards energy stocks, which also creates strong tailwinds for green energy stocks, highlighting the increasing market focus on renewable energy.
See More
CNBC Investing Club March Meeting Overview
- Energy Stocks Surge: Following the outbreak of war in Iran, energy stocks, particularly fertilizer manufacturers, have shown strong performance, indicating robust market demand that could drive profitability for related companies.
- AWS Growth Acceleration: Amazon's cloud unit AWS is no longer lagging behind Microsoft Azure, thanks to its partnership with Anthropic, with expectations for next quarter's margins to exceed market forecasts, boosting investor confidence.
- Cybersecurity Challenges: CrowdStrike has been affected by turmoil in the software market, but the CEO highlighted the positive impact of AI on cyberattacks, indicating long-term growth potential in the security sector, despite high stock prices.
- Healthcare Sector Risks: Eli Lilly faces pricing pressure from competitor Novo Nordisk, but the company is prepared to counter this by increasing volume, with the upcoming launch of its GLP-1 obesity drug expected to drive growth.
See More
