卡住“AI供电脖子”！“燃气轮机巨头”GE Vernova股价创新高，自2024年初来已涨超500%

华尔街见闻02-10

在AI数据中心推高用电需求之际，燃气轮机成为了关键卡脖子设备。燃气轮机制造商GE Vernova的产能告急已演变为一场"抢订大战"，客户需要为2030年的交付提前四年支付不可退款押金。燃气轮机制造正迎来罕见景气周期。该公司股价周一创下新高，自2024年初从GE Aerospace分拆以来累计涨幅已超过500%。周一，加拿大电力生产商Maxim Power宣布与GE Vernova签订销售预订协议，...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2610660198?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/261ae46eb3f803e4cf1561fea0baf363","is_english":false,"pubTime":"2026-02-10 08:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2610660198","market":"us","top_or_hot":-1,"title":"卡住“AI供电脖子”！“燃气轮机巨头”GE Vernova股价创新高，自2024年初来已涨超500%","media":"华尔街见闻","content":"<div>\n<p>在AI数据中心推高用电需求之际，燃气轮机成为了关键卡脖子设备。燃气轮机制造商GE Vernova的产能告急已演变为一场\"抢订大战\"，客户需要为2030年的交付提前四年支付不可退款押金。燃气轮机制造正迎来罕见景气周期。该公司股价周一创下新高，自2024年初从GE Aerospace分拆以来累计涨幅已超过500%。周一，加拿大电力生产商Maxim Power宣布与GE Vernova签订销售预订协议，...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3765346\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>卡住“AI供电脖子”！“燃气轮机巨头”GE Vernova股价创新高，自2024年初来已涨超500%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n卡住“AI供电脖子”！“燃气轮机巨头”GE Vernova股价创新高，自2024年初来已涨超500%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-10 08:27 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3765346><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>在AI数据中心推高用电需求之际，燃气轮机成为了关键卡脖子设备。燃气轮机制造商GE Vernova的产能告急已演变为一场\"抢订大战\"，客户需要为2030年的交付提前四年支付不可退款押金。燃气轮机制造正迎来罕见景气周期。该公司股价周一创下新高，自2024年初从GE Aerospace分拆以来累计涨幅已超过500%。周一，加拿大电力生产商Maxim Power宣布与GE Vernova签订销售预订协议，...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3765346\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://wallstreetcn.com/articles/3765346","article_id":"2610660198","we_media_id":"1084101182","thumbnails":["https://static.tigerbbs.com/261ae46eb3f803e4cf1561fea0baf363"],"rights":{"source":null,"url":"https://wallstreetcn.com/articles/3765346","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610660198","pubTimestamp":1770683270,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"华尔街见闻","introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"summary":"AI数据中心引爆电力需求，GE Vernova燃气轮机产能告急，引发“抢订大战”。客户需为2030年交付提前支付不可退款押金，“先占位后议价”凸显卖方强势地位。公司股价自拆分以来飙涨超500%，华尔街将其2030年盈利预期翻倍至170亿美元，能源设备巨头正迎来罕见景气周期。","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4566":"资本集团","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","BK4206":"工业集团企业","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4588":"碎股","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","GE":"GE航空航天","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","BK4187":"航天航空与国防","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4501":"段永平概念","BK4543":"AI","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4585":"ETF&股票定投概念","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC"},"translate_title":"Stuck in the \"AI power neck\"! The stock price of \"gas turbine giant\" GE Vernova hit a new high, rising by more than 500% since the beginning of 2024","themeId":"f54cf356ef25ee898128a83d7d1b4974","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/77c8a1d409520654cae16c4ec31c1877","symbols_score_info":{"GE":1.5},"content_text":"在AI数据中心推高用电需求之际，燃气轮机成为了关键卡脖子设备。燃气轮机制造商GE Vernova的产能告急已演变为一场\"抢订大战\"，客户需要为2030年的交付提前四年支付不可退款押金。燃气轮机制造正迎来罕见景气周期。该公司股价周一创下新高，自2024年初从GE Aerospace分拆以来累计涨幅已超过500%。周一，加拿大电力生产商Maxim Power宣布与GE Vernova签订销售预订协议，\"预留一个7HA.02燃气轮机及发电机组的制造档期\"。根据协议，Maxim需在2026年支付不可退款押金，而涡轮机的具体价格将在日后谈判确定。这种先付押金占位、后议价格的模式，折射出供应商在市场中的强势地位。GE Vernova首席执行官Scott Strazik在1月28日表示，预计到今年年底公司积压订单将达到100吉瓦，届时2029年和2030年的产能将基本售罄。市场供需失衡直接反映在股价表现上。GE Vernova股价周一上涨2.9%，收于801.54美元，盘中触及52周新高。电力需求激增还推动华尔街大幅上调盈利预期，分析师目前预计该公司2030年EBITDA将接近170亿美元，而一年前的预期仅为90亿美元左右。产能紧张：积压订单逼近产能极限GE Vernova的产能紧张局面已达到前所未有的程度。截至2025年底，该公司燃气发电积压订单达到83吉瓦，而公司今年的年产能仅提升至20吉瓦。按此计算，现有订单已排满未来四年多的生产线。预订制和押金制本是GE Vernova的常规商业模式，但公司正以超预期的速度售罄本十年末的产能。从83吉瓦到预期年底的100吉瓦，意味着2026年还将新增约17吉瓦订单，相当于公司近一年的产能。本月早些时候，Xcel与GE Vernova签署了\"里程碑式战略联盟协议\"，其中包括购买五台F级发电涡轮机。值得注意的是，这些涡轮机并未计入1月28日公布的83吉瓦积压订单中，显示新订单仍在持续涌入。AI数据中心成需求引擎电力需求的加速增长源于耗能巨大的AI数据中心。这些设施对稳定、大规模电力供应的需求，正在推动传统电力基础设施的扩张热潮。燃气轮机因其能够提供稳定基础负荷电力的特性，成为支撑AI基础设施的关键设备。与可再生能源的间歇性相比，燃气发电可以提供24小时不间断的电力供应，这对数据中心运营至关重要。市场紧张态势无处不在。电力公司Maxim Power愿意提前四年锁定产能并支付押金，反映出电力生产商对未来供应短缺的担忧。客户正在从被动等待转向主动抢占制造档期。盈利预期大幅提升供需失衡正在转化为定价权优势。更高的需求可能带来更高的定价，从而提升盈利水平。华尔街对GE Vernova的盈利预期在过去一年实现翻倍，预计2030年EBITDA将达到约170亿美元，较一年前约90亿美元的预期大幅提升。股价表现印证了市场信心。周一收盘时，GE Vernova股价当日上涨2.87%，过去12个月上涨102%。同日标普500指数上涨0.5%，道琼斯工业平均指数持平。作为能源转型和AI基础设施建设的双重受益者，GE Vernova正在经历罕见的景气周期。当客户需要为五年后的交付提前支付押金时，供应商在产业链中的地位显而易见。","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2610660198","isCrawlerRequest":true}