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Ge Vernova

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GE Vernova slips as wind drag outweighs AI-driven orders
business1 month ago

GE Vernova slips as wind drag outweighs AI-driven orders

GE Vernova stock fell about 6% after a quarter in which earnings missed estimates despite revenue beating and orders surging 88% to $24.2 billion led by Power and Electrification; wind orders dropped about 40% due to higher offshore project costs, weighing on margins. The company lifted 2026 revenue guidance to $45.5–$46.5 billion and reported a backlog of $176 billion, with its HA gas turbine fleet surpassing 4 million operating hours (130 units commissioned in 21 countries and 195 under contract), underscoring AI-driven demand for power infrastructure but wind remains a drag.

via Yahoo Finance|
#business#earnings#ge
GE Vernova Beats Earnings, Raises Guidance, But Stock Dips on AI Sentiment
business1 month ago

GE Vernova Beats Earnings, Raises Guidance, But Stock Dips on AI Sentiment

GE Vernova beat expectations with Q2 EBITDA of $1.2 billion on $11.1 billion in sales and lifted its 2026 guidance to about $46 billion in sales and $6 billion in EBITDA, backed by $24.2 billion in orders (up 88% YoY) and a $176 billion backlog. Despite the beat and continued order strength, the stock fell after the report as investors weighed AI-driven demand against broader AI sentiment risk and near-term price action.

via Barron's|
#backlog#business#earnings
GE Vernova Surges on Strong Q2 Earnings and Raised Forecasts
business1 year ago

GE Vernova Surges on Strong Q2 Earnings and Raised Forecasts

GE Vernova's stock hit a record high after beating Q2 earnings estimates and raising its outlook, contributing to a rally in energy stocks. The company reported strong revenue growth, increased orders, and optimistic future projections, driven by demand in power and electrification sectors. Other energy stocks like Talen Energy, Oklo, and Liberty Energy also advanced amid positive market sentiment for energy and power solutions.

via Investor's Business Daily|
#business#energy-auction#energy-stocks
Vineyard Wind Turbine Blade Damaged, Debris Washes Ashore
environment2 years ago

Vineyard Wind Turbine Blade Damaged, Debris Washes Ashore

A Vineyard Wind turbine blade was damaged over the weekend, leading to an investigation by the Bureau of Safety and Environmental Enforcement and GE Vernova. Operations at the wind farm are halted, and a safety perimeter has been established. Debris from the turbine has been reported and is being collected. The incident is isolated to a single turbine, and no injuries were reported.

via The Vineyard Gazette - Martha's Vineyard News|
#environment#ge-vernova#offshore-wind-farm
"Top S&P 500 Movers: Tesla, Spinoffs, and Trending Tickers"
finance2 years ago

"Top S&P 500 Movers: Tesla, Spinoffs, and Trending Tickers"

Albemarle, GE Vernova, Camden Property Trust, Tesla, and Mid-Atlantic Apartment Communities were the top gainers on the S&P 500, while Paramount Global, CF Industries, Solventum, Fortinet, and Kroger were the biggest losers. Albemarle's stock rebounded, GE Vernova was upgraded by JPMorgan, and Tesla's stock rose after Elon Musk teased a robotaxi. Meanwhile, Paramount Global faced doubts about a takeover deal, CF Industries fell, and Kroger was downgraded due to a tougher outlook for the U.S. grocery industry.

via Investor's Business Daily|
#albemarle#finance#ge-vernova
"US Business Delegation to Vietnam Welcomes Meta, Boeing, and GE Vernova"
business2 years ago

"US Business Delegation to Vietnam Welcomes Meta, Boeing, and GE Vernova"

A large U.S. business delegation, including Meta, Boeing, and GE Vernova, is visiting Vietnam this week, demonstrating continued corporate interest in the country following the upgrade of ties with the U.S. last year. About 50 companies, including Koch Industries, UL Solutions, Chubb, Roblox, ATMO, and AES, are participating in the delegation. The delegation will hold meetings with local authorities and discuss possible business opportunities with Vietnam's ministries of defence and police. Notably, no semiconductor firms are scheduled to join this week's business delegation.

via Reuters.com|
#boeing#business#ge-vernova