Data Center Power Suppliers Post Backlog and Guidance Updates Alongside a Fuel Cell Deal

NEW YORK, Nov. 12, 2026 /PRNewswire/ -- Fly on Wall Street News Commentary - Shares of five companies that supply power, power equipment and grid construction for data centers all closed higher on Wednesday, Nov. 11, led by a fuel cell maker whose stock gained 13.0% on the day. Over the past two weeks, news from the same five has included a 900-megawatt onsite power agreement, quarterly results, updated guidance and backlog figures. Active Companies from around the markets with current developments this week include: Bloom Energy Corporation (NYSE: BE), GE Vernova Inc. (NYSE: GEV), Constellation Energy Corporation (NASDAQ: CEG), Talen Energy Corporation (NASDAQ: TLN), and Quanta Services, Inc. (NYSE: PWR).

The five companies cover several of the ways electricity reaches a data center: fuel cells installed on site, gas turbines and grid equipment, nuclear and fossil-fuel power plants, including power sold under long-term agreements, and a specialized contractor that designs, installs and maintains energy infrastructure.

More broadly, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook released Nov. 10 that it estimates total electricity generation by the U.S. electric power sector will reach a record of almost 4,390 billion kilowatthours in 2026, up 2.7% from the previous record set last year. EIA said rising electricity generation is driven by growing demand from the commercial sector and hot temperatures this past summer, and it forecasts generation will grow at a slightly slower rate of 1.2% in 2027.

All share prices below are 4:00 p.m. ET closing prices for Wednesday, Nov. 11, compared with closing prices on Tuesday, Nov. 10.

Price moves like Wednesday's are one part of the story; contracts, backlogs and guidance are another. Our sister site, Stock Preachers, offers Knowledge is Power, a free 27-page guide in 10 chapters that teaches reading the news and reading the chart in plain English, along with The Roadmap every Monday, Wednesday and Friday. Get the free guide here.

Bloom Energy Corporation (NYSE: BE)

Bloom Energy closed at $209.47, up 13.0%. On Nov. 5, NTT DATA announced an agreement with Bloom Energy to deploy 900 megawatts (MW) of onsite power across multiple data center projects, globally. Under the agreement, NTT Global Data Centers will use Bloom Energy's fuel cell technology to support growing data center capacity and evolving AI infrastructure needs, with initial shipments starting in 2027.

The release described the agreement as Bloom Energy's largest international project to date and said the relationship is designed to expand across NTT DATA's Global Data Center portfolio and reach gigawatt scale. Earlier this year, on April 13, Bloom Energy announced an expanded partnership with Oracle under a master services agreement in which Oracle intends to procure up to 2.8 gigawatts (GW) of Bloom's fuel cell systems. "Companies that can secure power quickly will have a differentiated advantage and accelerated path to revenue," said Aman Joshi, Executive Vice President and Chief Commercial Officer at Bloom Energy.

GE Vernova Inc. (NYSE: GEV)

GE Vernova closed at $808.24, up 1.4%. On Oct. 28, the company reported third quarter 2026 results, with orders of $29.3 billion, up 96% organically, and revenue of $12.6 billion, up 27% and up 18% organically. Backlog grew $20 billion sequentially to $197 billion, and Gas Power equipment backlog and slot reservation agreements grew from 116 to 122 GW. The company said it now anticipates reaching at least 130 GW by year-end 2026.

GE Vernova raised its 2026 guidance and now expects revenue of $46.5 billion to $47.5 billion, up from $45.5 billion to $46.5 billion, and free cash flow, a non-GAAP measure, of $16 billion to $17 billion, up from $11.5 billion to $12.5 billion. "We continue to innovate and develop new solutions for utility and data center customers to meet growing demand, including electrification technologies that support integration and resiliency," said GE Vernova CEO Scott Strazik.

Constellation Energy Corporation (NASDAQ: CEG)

Constellation Energy closed at $274.73, up 2.6%. On Nov. 9, the company reported third quarter 2026 results, with GAAP net income of $5.19 per share and adjusted (non-GAAP) operating earnings of $5.06 per share. It raised the midpoint and narrowed its full-year adjusted operating earnings guidance range to $12.50 to $12.80 per share.

Among the agreements in the release, Constellation said that in October it announced a 20-year power purchase agreement that will enable more than $4.3 billion in investment across 11 of its nuclear units in Illinois, Pennsylvania and New Jersey to add approximately 890 MW of incremental generation capacity to the PJM grid, with the first uprate expected in 2028. In September, it announced a 20-year, 690 MW power purchase agreement with Amazon that will enable more than $3 billion in infrastructure investment in its Calvert Cliffs Clean Energy Center, including facility improvements and a 190 MW capacity expansion expected to come online between 2030 and 2032. "These agreements add more than 1,000 megawatts of new, emissions-free generation to the grid and help ensure the continued operations of existing clean power for generations to come," said Joe Dominguez, chairman, president and chief executive officer of Constellation.

Talen Energy Corporation (NASDAQ: TLN)

Talen Energy closed at $378.71, up 4.9%. On Nov. 3, the company reported third quarter 2026 results, with GAAP net income attributable to stockholders of $138 million, Adjusted EBITDA of $669 million and Adjusted Free Cash Flow of $433 million.

Talen introduced 2027 Adjusted EBITDA and Adjusted Free Cash Flow guidance ranges of $2,500 million to $2,850 million and $1,500 million to $1,750 million, and announced a $1.5 billion accelerated share repurchase program. Talen, which owns and operates approximately 15.5 GW of power infrastructure in the United States, said in the release that artificial intelligence data centers increasingly demand more reliable power. "With nine months behind us, we are reaffirming the midpoint and are narrowing the range of our 2026 guidance. We are also introducing our 2027 guidance that reflects strong PJM fundamentals and a full year of contributions from our recently acquired assets," said Talen Chief Executive Officer Mac McFarland.

Quanta Services, Inc. (NYSE: PWR)

Quanta Services closed at $607.94, up 4.3%. On Oct. 29, the company reported third quarter 2026 results, with revenues of $12.01 billion compared with $7.63 billion a year earlier, net income attributable to common stock of $694.9 million, or $4.55 per diluted share, and adjusted diluted earnings per share of $6.06, compared with $3.33. Remaining performance obligations were $41.8 billion and total backlog was $63.7 billion, each identified by the company as a record quarterly or record third quarter result.

Quanta said strong performance drove a significant increase in its 2026 financial expectations across all metrics. "With demand for our services broadening across utility, power generation, industrial and technology customers, we are pacing ahead of the multi-year growth targets we outlined at our 2026 Investor Day, and our conviction in Quanta's ability to compound profitable growth over the long term continues to strengthen," said Duke Austin, President and Chief Executive Officer of Quanta Services.

Fuel cells on site, gas turbines, nuclear uprates and grid construction each show up in the agreements, results and outlooks these five companies have put on the record in the past two weeks. To learn how to read the news and the charts behind stocks like these, get the free Knowledge is Power guide from Stock Preachers at https://flyonwallstreet.com/sp/

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This article is independent news commentary. Fly on Wall Street is wholly owned and operated by Market Equities Limited ("MEL"), a company incorporated under the laws of Ireland. MEL has not been paid by any company mentioned in this article. MEL and its owners, operators, directors, and affiliates do not currently own any shares of the companies mentioned in this article, but reserve the right to, and will, buy and sell shares of those companies at any time without further notice. Share prices are 4:00 p.m. ET closing prices on Nov. 11, 2026, compared with Nov. 10, 2026 closing prices, as reported by third-party market data providers. Electricity figures are from the U.S. Energy Information Administration's Short-Term Energy Outlook released Nov. 10, 2026, and company figures are as reported in each company's own releases. Information is drawn from company news releases and filings, government and industry data, published reporting and third-party data believed to be reliable, but its accuracy is not guaranteed. Investing in securities carries risk, including the loss of some or all of your investment. This document is governed by the laws of Ireland.

SOURCE Fly On Wall Street