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GE Vernova cautious about wind sector

GE Vernova CEO sees more wind losses next year – but gas has 'never had more fun'

Scott Strazik sees flat prospects for onshore wind amid ongoing 'purge' of offshore backlog, but data centres line up to power AI with gas turbines

Reuters · 1d

GE Vernova cautious about wind sector as gas business soars

GE Vernova said on Tuesday that it had resumed installing turbines at two offshore wind farms that experienced equipment failures this year, but the company's CEO said he was cautious about the outlook for the struggling sector.

Datacenter Dynamics · 16h

GE Vernova CEO: Data centers favor gas generation over renewable alternatives

Data centers are increasingly targeting natural gas over renewable alternatives such as onshore wind, the CEO of energy equipment manufacturing and services company GE Vernova, has said.

14hon MSN

GE Vernova Stock Jumps After Bumping Outlook, Announcing First Dividend

Power generation technology provider GE Vernova updated its guidance and capital return plans Tuesday afternoon. The company ...

Watch These GE Vernova Price Levels as Stock Jumps After Investor Update

GE Vernova shares gained 5% on Wednesday, one day after the energy equipment maker raised its long-term sales outlook, declared a dividend and announced a stock-buyback plan. Monitor these key chart ...

12h

Why GE Vernova (GEV) Is the Best Alternative Fuel Stock to Buy According to Hedge Funds

We recently published a list of 10 Best Alternative Fuel Stocks To Buy According to Hedge Funds. In this article, we are ...

18h

GE Vernova Projects Growth But Notes Challenges In Wind Segment

GE Vernova forecasts around $45 billion in revenue and a 14% adjusted EBITDA margin by 2028, with plans to invest ...

bovnews16h

This Stock’s 146% Surge: Can GE Vernova (GEV) Continue Its Record-Breaking Run?

As of December 11, 2024, GE Vernova’s stock has seen a staggering rise of +146.92% YTD. In comparison, the S&P 500 Index is up 27.37% YTD. This impressive growth places GE Vernova in the top ranks of ...