{
  "id": 16794689,
  "title": "5 Data Center Power Stocks to Watch Before Earnings",
  "url": "https://urgent.news/2026/10/27/5-data-center-power-stocks-to-watch-before-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T20:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Energy/Energy-General/5-Data-Center-Power-Stocks-to-Watch-Before-Earnings.html"
  },
  "original_language": "en",
  "account": "Five data center power stocks to watch before earnings have drawn attention recently due to the AI infrastructure spending concerns. However, the physical shortage in transformer supply and transformer makers' long lead times have not changed. Three of these companies report within the next week, offering a glimpse into whether the order books still resemble their summer state.\n\nGE Vernova, spun off by GE in 2024, has a $176 billion backlog, nearly four times its yearly revenue expectations. Despite a 23% decline in stock value since October 6, it is implementing actions to produce 30 GW of equipment in 2030. However, the wind division has faced challenges, losing $657 million in EBITDA in the first half, and Bank of America expects $21 billion in orders, a 44% increase from the previous year.\n\nQuanta Services, a contractor that manufactures equipment, recently partnered with Hyosung HICO to build high-voltage circuit breakers in Pennsylvania. Their CEO, Duke Austin, stated that second-quarter results exceeded expectations, with revenue growing 41% to $9.56 billion and backlog reaching a record $53.4 billion. However, GAAP earnings are expected to fall slightly.\n\nEaton, on the other hand, bought two power supplier businesses in April 2025, Fibrebond and Boyd Thermal. Eaton's data center growth is a key driver, with rolling 12-month orders up 41% and backlog up 43% from the previous year. However, earnings fell to $2.11 a share, while adjusted earnings are expected to increase by 12%. Eaton will close a $1.1 billion Reverse Morris Trust deal with Dana in early 2027, which could be used to pay down debt.",
  "summary": "Wall Street has spent the last three weeks punishing the companies that build and equip AI data centers, which would make more sense if anyone could point to the orders drying up. As of Friday, that group was down a median 23% since the S&P 500’s record close on Oct. 6, while the Big Tech companies actually writing the checks were down only 5%. A dozen of the biggest builders and power suppliers…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}