GE Vernova reports wider-than-expected Q1 loss in first post-spinoff results [Reuters]
GE Vernova Inc. (GEV)
Company Research
Source: Reuters
loss on Thursday, as weakness in its wind segment offset demand for natural-gas related equipment and services. GE Vernova, which became an independent company this month following a three-way of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification. Report this ad The company's wind segment saw a 40% decline in orders on lower demand for onshore equipment as North American customers continue with the permitting processes for projects, the company said. It had recently announced its to pivot away from the 18-MW turbine model, which led to New York State stalling three major offshore wind-energy projects. In contrast, the power segment saw higher orders for gas turbines and more demand for gas power services due to outages, leading to a 6% jump in sales. With approximately 54,000 wind turbines and 7,000 gas turbines, GE Vernova's technology base helps generate approximately 30% of t
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- Europe HVDC Market Analysis to 2030 Featuring GE Vernova, Hitachi Energy, and Siemens Energy with Focus on UK, Germany, Italy, Netherlands, & France [Yahoo! Finance]Yahoo! Finance
- GE Vernova Recommends Shareholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation [Yahoo! Finance]Yahoo! Finance
- GE Vernova Recommends Shareholders Reject “Mini-Tender” Offer by TRC Capital Investment CorporationBusiness Wire
- Next Hydrogen Reports Q1 2024 Financial Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
GEV
Earnings
- 4/26/24 - Miss
GEV
Sec Filings
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- 4/4/24 - Form 4
- GEV's page on the SEC website