RBC Capital Maintains Outperform on Woodward, Lowers Price Target to $430

Gas Turbine Prices Are on Track to Nearly Triple. These Stocks Are Cashing In

AI data centers are driving massive demand for natural gas power turbines to generate onsite electricity, with prices expected to nearly triple by end of 2025. Supply cannot keep up with demand, benefiting major turbine manufacturers. GE Vernova, Siemens Energy, and Mitsubishi Heavy Industries are the primary beneficiaries, with Caterpillar and Woodward also gaining from this trend.

8-K filing — Woodward, Inc. (WWD)

Filed: 2026-08-21 AccNo: 0001193125-26-360911 Size: 2 MB Item 1.01: Entry into a Material Definitive Agreement Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 9.01: Financial Statements and Exhibits

Shares of space-related companies are trading lower, possibly amid sympathy for peer SpaceX, which is experiencing a sell-off due to the expiration of its second lockup period.

Shares of aerospace and defense companies are trading higher. Investor optimism ahead of SpaceX's first public earnings report may be lifting industry peers.