Maxim Power Enters Gas Turbine Reservation Agreement with GE Vernova
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 09 2026
0mins
Should l Buy GEV?
Maxim Power entered into a gas turbine and generator reservation agreement with GE Vernova. The Agreement allows MAXIM to hold a manufacturing slot for a 7HA.02 gas turbine and generator package with a target delivery by 2030. To hold this manufacturing slot, MAXIM is required to provide a non-refundable deposit which is payable in 2026. Under the Agreement, the parties agree to negotiate in good faith to reach a definitive sales agreement for the purchase of the Gas Turbine. The purchase price for the Gas Turbine will be agreed to in the definitive agreement and the deposit will be credited towards the final purchase price. MAXIM is securing this unit manufacturing slot for its permitted 400 MW Prairie Lights Power project ocated near Grande Prairie, Alberta. An amendment to the Project regulatory permits will be required based on the Gas Turbine selected and its corresponding delivery schedule. The 7HA.02 gas turbine is an updated model of the currently approved gas turbine within the Project regulatory permits and as such the amendment is anticipated to be routine in nature. The Corporation continues to advance all aspects of project development for Prairie Lights and anticipates total Project spending during 2026 of up to $60 million. MAXIM will provide updates of material developments for the Project, as appropriate. As at the date of this press release, MAXIM has available liquidity of approximately $84 million Canadian dollars, including approximately $59 million of unrestricted cash. The Corporation expects to fund 2026 Project spending with cash on hand and cashflow from operations.
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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: 802.130
Low
714.00
Averages
858.23
High
1087
Current: 802.130
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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- Future Dividend Declarations: Future dividend declarations will be at the discretion of the Board, based on the company's earnings, financial condition, and cash requirements, indicating a flexible and prudent approach to financial management.
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