Maxim Power Corp. enters into a Gas Turbine and Generator Reservation Agreement and provides Prairie Lights Power Project Update

CALGARY, Alberta, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX: MXG) announces that it has entered into a gas turbine and generator reservation agreement (the “Agreement”) with GE Vernova (NYSE: GEV). The Agreement allows MAXIM to hold a manufacturing slot for a 7HA.02 gas turbine and generator package (the “Gas Turbine”) with a target delivery by 2030. To hold this manufacturing slot, MAXIM is required to provide a non-refundable deposit which is payable in 2026. Under the Agreement, the parties agree to negotiate in good faith to reach a definitive sales agreement for the purchase of the Gas Turbine. The purchase price for the Gas Turbine will be agreed to in the definitive agreement and the deposit will be credited towards the final purchase price.

GlobeNewsWire • 7 hours ago

Here's Why GE Vernova Stock Keeps Soaring in 2026

GE Vernova's gas turbine orders and backlog are surging due to AI-driven power demand. Slot reservation agreements for gas turbine equipment signal robust future demand and customer commitment.

The Motley Fool • Feb 7, 2026

Why GE Vernova Stock Surged 99% in 2025 and Remains a Screaming Buy

Data centers are bypassing utility grids and locking big orders for GE Vernova's turbines. GE Vernova ended 2025 with a backlog of $150 billion.

The Motley Fool • Feb 6, 2026

Why GE Vernova Crushed the Market Again Today

Amazon.com and Alphabet recently confirmed a gigantic expabnsion in capital spending to fund AI growth, GE Vernova expects to more than double its earnings over the next few years. These 10 Stocks Could Mint the Next Wave of Millionaires ›

The Motley Fool • Feb 6, 2026

GEV Stock Surges 9.7% in a Month: Time to Hold or Book Profits?

GE Vernova shares climb 9.7% in a month as AI-driven power demand, wind repowering orders and grid investments support growth.

Zacks Investment Research • Feb 6, 2026

Forget AI Stocks: This Energy Giant Could Be the Real Winner of 2026

Electricity consumption by U.S. data centers is expected to grow by 133% by 2030. In 2025, GE Vernova more than tripled the value of orders it signed directly with data centers.

The Motley Fool • Feb 5, 2026

GE Vernova Inc. (GEV) Is a Trending Stock: Facts to Know Before Betting on It

GE Vernova (GEV) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Zacks Investment Research • Feb 5, 2026

GE Vernova Bolsters US Onshore Wind Fleet with 1.1 GW of Repower Orders in 2025

SCHENECTADY, N.Y.--(BUSINESS WIRE)--GE Vernova's Onshore Wind business announced today that it received orders in 2025 to repower 1.1 gigawatts (GW) of onshore wind turbines in the U.S. The projects will use nacelles and drive trains manufactured in the U.S. at GE Vernova's Pensacola, Florida facility, where approximately 20 percent of the workers are veterans, supporting U.S. energy abundance, affordability, and security. Uzair Memon, Chief Commercial Officer for GE Vernova's Onshore Wind Serv.

Business Wire • Feb 5, 2026

These 10 industrial stocks look ripe as investors rotate toward the sector

Analysts favor many sector names for rapid sales growth and big gains for the stocks over the next year.

Market Watch • Feb 5, 2026

This Energy Stock Could Have Momentum in 2026 Beyond the AI Power Trade

In 2025, GE Vernova more than tripled its direct orders for data centers over the previous year. GE Vernova has grown its backlog to $150 billion.

The Motley Fool • Feb 4, 2026