ATLAS
Power · cooling · grid infrastructure·US·Cambridge, MA·#2 / 18 in segment·12.2% of segment mcap
$1024.52
99.0% vs S&P 12m

Spin-off comprising GE's power, wind, and electrification businesses, with large gas turbine and HVDC backlogs tied to data center load growth.

Most direct large-cap exposure to the AI power buildout; turbine slot availability has become a multi-year story.

Products
  • Gas turbines (HA-class)
  • Wind
  • HVDC
  • Grid software
Customers (2)
  • Utilities
  • Hyperscalers (indirect)
Competitors (2)

Composite score

Higher = stronger overall research case

69
Fundamental68
Technical84
Valuation61
AI relevance80
Risk-adjusted (higher = safer)52
Segment-relative fundamental percentile: 92

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 14.5%6M RS: 66.2%12M RS: 99.0%Vol30d: 53%DD52w: -10.9%

Financial summary

Curated, illustrative

Revenue
$39.37B
Growth (YoY)
16.3%
Gross margin
20.3%
Operating margin
5.5%
FCF
$9.32B
Capex
$0.00
Net cash / (debt)
$6.02B
ROIC
2.4%
Customer conc.
Medium

Valuation

Market cap
$275.31B
Enterprise value
$269.29B
P/E (TTM)
29.9x
Forward P/E
41.8x
EV / Sales
6.8x
EV / EBITDA
78.9x
P / FCF
29.6x
PEG
1.8x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 3
    Wind segment margin
  • 3
    Execution on backlog conversion
  • 4
    Multiple expansion

Score components

What drove the composite

Growth63
Profitability36
Cash generation81
Balance sheet83
Moat / AI relevance88
Capital intensity (higher = lighter)83
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)79
Relative strength100
Realized vol (higher = lower vol)39