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Story summary
- GE Vernova's shares are up 25% year-to-date despite an AI-themed selloff.
- Siemens Energy's shares have fallen 1.4% this year.
- Siemens Energy trades at a forward-earnings multiple about 40% lower than GE Vernova.
- BloombergNEF reports both firms have been the world’s two largest gas-turbine manufacturers by firm orders since 2016.
- Each company booked roughly 150 GW of orders through the first half of 2026.