GE Vernova acquires remaining Prolec GE stake [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
The deal, first announced in October 2025, concluded following approvals from relevant regulatory authorities. The purchase totalled $5.28bn (91.43bn pesos), financed through an equal split of cash and debt, as previously stated by the company. Prolec GE operates across seven manufacturing locations in the Americas, including five sites in the US, and employs around 10,000 staff. The company manufactures transformers and related components for power generation, transmission and distribution, and provides a range of transformer services. With this transaction, Prolec GE is now consolidated under GE Vernova following three decades as a JV partner. GE Vernova CEO Scott Strazik said: “We are building on a decades-long partnership and combining the strengths of our two companies to offer customers a broader portfolio and operate at a higher capacity to fulfil expectations, especially in North America where grid demand is strong.” Moving forward, Prolec GE will operate within G
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- GE Vernova (NYSE:GEV) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c)" rating to a "buy (b-)" rating.MarketBeat
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- Has GE Vernova (GEV) Run Too Far After 97% One Year Share Price Surge [Yahoo! Finance]Yahoo! Finance
GEV
Earnings
- 1/29/26 - Beat
GEV
Sec Filings
- 2/2/26 - Form 3
- 1/27/26 - Form 4
- 12/22/25 - Form 3
- GEV's page on the SEC website