Microsoft Signs Long-Term Energy Deal with Chevron for New Data Center
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: CNBC
- Project Foundation: Microsoft's long-term energy purchase agreement with Chevron will support a new data center in Texas, expected to deliver approximately 2.7 gigawatts of power, sufficient for 2 million households, demonstrating responsiveness to the growing demand for AI workloads.
- Market Share Advantage: GE Vernova holds about 25% of the global electricity market, with backlog projected to reach $200 billion by the end of 2027, reflecting strong demand and pricing power in the heavy-duty turbine sector, further driving margin expansion.
- Project Progress: The Chevron power plant, dubbed Project Kilby, is expected to start supplying power to Microsoft's data center in 2028; despite facing supply chain challenges, the project has community support, highlighting potential local economic benefits.
- Industry Outlook: Analysts note that as the AI sector continues to thrive, demand for GE Vernova's heavy-duty turbines remains robust; despite competitive pressures, the company maintains a positive market outlook and is expected to attract more large-scale project collaborations.
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Analyst Views on GEV
Wall Street analysts forecast GEV stock price to fall
24 Analyst Rating
20 Buy
4 Hold
0 Sell
Strong Buy
Current: 1113.110
Low
714.00
Averages
858.23
High
1087
Current: 1113.110
Low
714.00
Averages
858.23
High
1087
About GEV
GE Vernova Inc. is engaged in the electric power industry, with products and services that generate, transfer, orchestrate, convert, and store electricity. 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. The 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.
Jim Cramer Strongly Endorses GE Vernova as Top Energy Stock
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- Strong Orders and Cash Flow: The company achieved total orders of $18.3 billion, up 71% year-over-year, while free cash flow exceeded $4.8 billion, more than quadrupling year-over-year, indicating robust demand and execution in the global energy transition.
- Upgraded Guidance: Following Q1 results, GE Vernova raised its full-year 2026 revenue guidance to $44.5 billion to $45.5 billion, with adjusted EBITDA margin guidance increased to 12% to 14%, demonstrating management's confidence in second-half performance.
- Market Trend Alignment: Positioned at the intersection of AI infrastructure and energy transition, GE Vernova is experiencing accelerated demand for reliable power solutions, particularly in gas turbines and electrification, further solidifying its market leadership.
See More
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- Market Opportunity: The company is entering a multi-billion dollar rapidly growing market focused on meeting the power and infrastructure needs of artificial intelligence, cloud computing, and hyperscale data center operators, which is expected to create long-term shareholder value.
- Innovative Product: NOMAD has introduced a mobile, truck-transportable battery energy storage system that provides instantaneous power to grids or facilities, bypassing the months of construction typically required for traditional fixed installations, significantly enhancing market responsiveness.
- Strategic Positioning: This transformation represents a major corporate reinvention in the company's history, reflecting its strategic intent to seek competitive advantages in the rapidly evolving AI energy market by offering flexible energy solutions to meet the growing demand for power.
See More
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- Surging Market Demand: With rapidly increasing power demands from data centers, NOMAD's mobile battery energy storage systems can be deployed quickly to provide instantaneous power, addressing the urgent need for flexible and efficient energy solutions in a multi-billion dollar market.
- Innovative Product Advantage: NOMAD's products are truck-transportable and can connect to the grid in minutes, bypassing the months of construction typically required for traditional fixed installations, which gives it a competitive edge, particularly in the AI and cloud computing sectors.
- Strategic Market Positioning: The company focuses on meeting the infrastructure needs of AI, cloud computing, and hyperscale data centers, positioning itself to benefit from the global expansion of AI and seize opportunities in this rapidly growing market, driving future business growth.
See More
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- Strong Stock Performance: Bloom Energy's shares have rallied over 1,000% in the past year, with a forward P/E ratio of 112.1, significantly higher than peers GE Vernova and Enphase Energy at 60x and 21.4x, indicating that investors are assigning a premium to its AI-driven growth prospects despite its elevated valuation.
- Bullish Retail Sentiment: On Stocktwits, retail sentiment around Bloom Energy is extremely bullish, with message volumes in the 'extremely high' territory, as traders actively discuss potential further upside, with some predicting shares could reach $1,000 by 2027, showcasing strong market confidence in its future growth.
- Wall Street Analysts Optimistic: Despite a high forward P/E of 112x, Wall Street analysts have raised their price targets for Bloom Energy, with UBS and Evercore ISI lifting their targets to $350, and Clear Street to $290, reflecting recognition of the company's ability to provide reliable power for the volatile demands of AI infrastructure.
See More
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- Significant Funding Increase: Bloom Energy's partnership with Brookfield has expanded its commitment from $5 billion to $25 billion, effective October 2025, with this fivefold increase in funding set to support the company's global fuel cell growth, reflecting strong demand for its power supply.
- Strong Stock Performance: Bloom Energy's shares have surged over 1,000% in the past year, with a forward P/E ratio of 112.1, significantly higher than peers GE Vernova and Enphase Energy at 60x and 21.4x, indicating investor confidence in its AI-driven growth prospects.
- Bullish Retail Investor Sentiment: On Stocktwits, retail sentiment around Bloom Energy is extremely bullish, with message volumes in the 'high' territory, as some users predict the stock could soar to $1,000 by the end of 2027, showcasing strong market confidence in its future growth.
- Wall Street Analysts Optimistic: Despite a high forward P/E, Wall Street analysts have raised their price targets for Bloom Energy, with UBS and Evercore ISI increasing their targets to $350, and Clear Street to $290, reflecting recognition of its ability to provide reliable power for AI infrastructure demands.
See More
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- GE Vernova Order Backlog: The company currently boasts a $76 billion backlog, a substantial increase from $38 billion in sales for 2025, highlighting its rapidly strengthening market position in the AI data center sector.
- nVent Electric Sales Outlook Raised: Management has increased its 2026 organic sales growth forecast from 10%-13% to 21%-23%, reflecting robust performance in the next-generation data center market, particularly in liquid cooling solutions developed in collaboration with Nvidia.
- Positive Market Reaction: Despite trading at 38 and 37 times 2026 earnings estimates, the market has reacted positively to the potential earnings upgrades due to accelerating AI investments, demonstrating strong investor confidence in power solutions.
See More
Jim Cramer Strongly Endorses GE Vernova as Top Energy Stock
- Significant Revenue Growth: GE Vernova reported $9.3 billion in revenue for Q1 2026, a 16% year-over-year increase, with earnings per share of $1.98 exceeding the expected $1.84, reflecting strong profitability and market confidence.
- Strong Orders and Cash Flow: The company achieved total orders of $18.3 billion, up 71% year-over-year, while free cash flow exceeded $4.8 billion, more than quadrupling year-over-year, indicating robust demand and execution in the global energy transition.
- Upgraded Guidance: Following Q1 results, GE Vernova raised its full-year 2026 revenue guidance to $44.5 billion to $45.5 billion, with adjusted EBITDA margin guidance increased to 12% to 14%, demonstrating management's confidence in second-half performance.
- Market Trend Alignment: Positioned at the intersection of AI infrastructure and energy transition, GE Vernova is experiencing accelerated demand for reliable power solutions, particularly in gas turbines and electrification, further solidifying its market leadership.
See More
NOMAD Power Solutions Transitions to NMAD Ticker Amid AI Energy Shift
- Corporate Name Change: NOMAD Power Solutions, Inc., formerly known as LIXTE Biotechnology Holdings, Inc., has completed its name change and began trading under the new ticker NMAD on Nasdaq as of July 6, 2026, marking its transition into the AI energy infrastructure equipment and services sector.
- Market Opportunity: The company is entering a multi-billion dollar rapidly growing market focused on meeting the power and infrastructure needs of artificial intelligence, cloud computing, and hyperscale data center operators, which is expected to create long-term shareholder value.
- Innovative Product: NOMAD has introduced a mobile, truck-transportable battery energy storage system that provides instantaneous power to grids or facilities, bypassing the months of construction typically required for traditional fixed installations, significantly enhancing market responsiveness.
- Strategic Positioning: This transformation represents a major corporate reinvention in the company's history, reflecting its strategic intent to seek competitive advantages in the rapidly evolving AI energy market by offering flexible energy solutions to meet the growing demand for power.
See More
NOMAD Power Solutions Completes Corporate Name Change to NMAD
- Successful Transformation: NOMAD Power Solutions, Inc., formerly known as LIXTE Biotechnology Holdings, Inc., has completed its name change and began trading under the new Nasdaq ticker NMAD on July 6, 2026, marking a successful transition into the AI energy infrastructure sector, which is expected to create long-term shareholder value.
- Surging Market Demand: With rapidly increasing power demands from data centers, NOMAD's mobile battery energy storage systems can be deployed quickly to provide instantaneous power, addressing the urgent need for flexible and efficient energy solutions in a multi-billion dollar market.
- Innovative Product Advantage: NOMAD's products are truck-transportable and can connect to the grid in minutes, bypassing the months of construction typically required for traditional fixed installations, which gives it a competitive edge, particularly in the AI and cloud computing sectors.
- Strategic Market Positioning: The company focuses on meeting the infrastructure needs of AI, cloud computing, and hyperscale data centers, positioning itself to benefit from the global expansion of AI and seize opportunities in this rapidly growing market, driving future business growth.
See More
Bloom Energy Expands Partnership to $25 Billion Amid AI Boom
- Partnership Expansion: Bloom Energy announced an expanded partnership with Brookfield, increasing the commitment from $5 billion to $25 billion effective October 2025, which will support global growth in its fuel cell business and reflects surging demand from hyperscalers and AI infrastructure developers for its power supply.
- Strong Stock Performance: Bloom Energy's shares have rallied over 1,000% in the past year, with a forward P/E ratio of 112.1, significantly higher than peers GE Vernova and Enphase Energy at 60x and 21.4x, indicating that investors are assigning a premium to its AI-driven growth prospects despite its elevated valuation.
- Bullish Retail Sentiment: On Stocktwits, retail sentiment around Bloom Energy is extremely bullish, with message volumes in the 'extremely high' territory, as traders actively discuss potential further upside, with some predicting shares could reach $1,000 by 2027, showcasing strong market confidence in its future growth.
- Wall Street Analysts Optimistic: Despite a high forward P/E of 112x, Wall Street analysts have raised their price targets for Bloom Energy, with UBS and Evercore ISI lifting their targets to $350, and Clear Street to $290, reflecting recognition of the company's ability to provide reliable power for the volatile demands of AI infrastructure.
See More
Bloom Energy Expands Partnership with Brookfield to $25 Billion
- Significant Funding Increase: Bloom Energy's partnership with Brookfield has expanded its commitment from $5 billion to $25 billion, effective October 2025, with this fivefold increase in funding set to support the company's global fuel cell growth, reflecting strong demand for its power supply.
- Strong Stock Performance: Bloom Energy's shares have surged over 1,000% in the past year, with a forward P/E ratio of 112.1, significantly higher than peers GE Vernova and Enphase Energy at 60x and 21.4x, indicating investor confidence in its AI-driven growth prospects.
- Bullish Retail Investor Sentiment: On Stocktwits, retail sentiment around Bloom Energy is extremely bullish, with message volumes in the 'high' territory, as some users predict the stock could soar to $1,000 by the end of 2027, showcasing strong market confidence in its future growth.
- Wall Street Analysts Optimistic: Despite a high forward P/E, Wall Street analysts have raised their price targets for Bloom Energy, with UBS and Evercore ISI increasing their targets to $350, and Clear Street to $290, reflecting recognition of its ability to provide reliable power for AI infrastructure demands.
See More
AI Data Center Growth Fuels Power Infrastructure Stock Surge
- Surge in Power Infrastructure Demand: GE Vernova and nVent Electric have raised their 2026 earnings guidance amid booming AI application growth, indicating strong market demand that is expected to significantly enhance company performance.
- GE Vernova Order Backlog: The company currently boasts a $76 billion backlog, a substantial increase from $38 billion in sales for 2025, highlighting its rapidly strengthening market position in the AI data center sector.
- nVent Electric Sales Outlook Raised: Management has increased its 2026 organic sales growth forecast from 10%-13% to 21%-23%, reflecting robust performance in the next-generation data center market, particularly in liquid cooling solutions developed in collaboration with Nvidia.
- Positive Market Reaction: Despite trading at 38 and 37 times 2026 earnings estimates, the market has reacted positively to the potential earnings upgrades due to accelerating AI investments, demonstrating strong investor confidence in power solutions.
See More
