Not Bloom Energy. Not Vistra. This AI Power Stock Just Posted a 96% Jump in Orders.

GE Vernova (GEV) posted a 96% year-over-year jump in orders for power-generating equipment, pushing its backlog to $197 billion, more than four years of revenue. The report lands after a post-election sell-off in power stocks, and it points to demand that has held up through the volatility.

The key detail is customer mix. About 80% of GEV's customers are traditional utility companies, which the source describes as unaffected by swings in the AI industry. That separates GEV from names more directly tied to AI-driven power demand, such as Bloom Energy (BE) and Vistra (VST), which the article explicitly contrasts it against.

Interpretation: a backlog covering more than four years of revenue gives GEV a long runway of contracted work, and the utility-heavy customer base suggests its order flow depends less on AI sentiment than on utility spending. If the post-election sell-off in power stocks weighed on GEV alongside the group, a 96% order surge gives bulls a fundamental argument that the pullback reflects sector sentiment rather than business deterioration. That reading is analytical, not a claim made in the source.