GE Vernova Lifts 2026 Cash Flow Outlook as NextEra Backs 25-Year Google Power Deal
Updated
Updated · Yahoo Finance · Jul 27
GE Vernova Lifts 2026 Cash Flow Outlook as NextEra Backs 25-Year Google Power Deal
3 articles · Updated · Yahoo Finance · Jul 27
Summary
$11.5 billion to $12.5 billion in projected 2026 free cash flow marked GE Vernova's big update after Q2 revenue rose 21.8% to $11.1 billion and bookings hit $24.2 billion.
Data-center demand drove the surge: GE Vernova said electrification revenue jumped 68%, including $2.7 billion of data-center orders, while its backlog reached $176 billion.
NextEra posted adjusted EPS of $1.15, up 9.5%, and net income climbed 55% to $3.14 billion, even as revenue of $7.53 billion missed the $8.15 billion consensus.
Florida Power & Light added more than 90,000 customers, and management cited about 21 GW of large-load data-center interest there, with 12 GW already in advanced talks.
By 2029, NextEra aims to restart the Duane Arnold nuclear plant under a 25-year Google PPA, underscoring how both companies are positioning around the AI-driven power bottleneck.