GEV benefits from rising US electricity demand; stock has surged and orders are growing rapidly.

Like Genova, for example, and that stock's gone nuts. You know, I'll pat myself a little bit on the back. I bought that stock really early. But but I I bought it because the sell side analyst I'm very friendly with told me I should buy it and I just took a flyer on it.

let me tell you, it's very interesting. So GE used to be composed basically of three massive divisions. healthcare, aerospace where they basically make the jet engines for planes and then they service them and then call it energy.

If you ever saw a jet engine and looked at at a gas turbine, which is what goes into a utility that creates electricity, they look exactly the same. It's just that the gas turbine is much bigger.

But it's basically the same technology. So the energy division of of GE makes gas turbines. They have all this electrical equipment that they sell and then they have a wind division which does terribly.

Now this should show you how like fast the world can change. The the energy division was created when I think around 2015 or so. GE bought a company in Europe called Olam. Now Olm did was an energy company that also created gas turbines and GE had a business that created gas turbines.

So they mushed them together just in time for the entire gas turbine business to fall apart,

And this is why IML lost his Jeff Immel who was the CEO of GE finally lost his job because that was like enough already. So eventually all three divisions got spun out. So there's GE healthcare.

I think its symbol is GE. And there's the energy division which is called GE Vernova which is GEV. And then there's GE which is the aerospace division.

A year before [snorts] GE Vernova got spun out. So that would have been like 2023 maybe or 2022. If you were to read sellside reports upon about the industry, the energy business was so bad that they ascribed negative value to G to to Vernova.

Negative value that it was worth negative. I think when one guy wrote it was worth negative3 billion.

now what's happened is even prior to the whole data center thing electrical production in the United States finally started to increase for the first time like in 15 years. Now add on top of that the data centers and you're talking about US electricity growing 3 to 4% per year.

Now that may not sound like such a huge number but 3 to 4% off of the base of the United States is the equivalent of like two large cities.

You know, a company like GE Vernova has backlogged like two 20 35 that that's how crazy things are

So So most most of GNOVA is these um well it's the gas turbines. It's all the electrical I mean think about it. I mean there's You know, you're not just when you're building a new utility plant, it ain't just turbine.

There's all this other electrical equipment that's got to get hooked up. They make that too. And the wind business will always, I think, be a crappy business.

Yeah. I mean, that's the core. And you would just want to look at the orders. Which I think in the last quarter up like 85%. Something insane. I mean they I mean there's those gas turbines like in the room that we're in.

It's like is it's like five of these rooms combined is how big these things are. They're huge. They're I mean it takes years to build them.

Yes. Well, that's what I was going to I think I read something that their backlog is stretching out to past 2030 or something like it is

GE, Verova,