From Reuters, January 28:
GE Vernova's wind setbacks overshadow strong showing from power, electrification units
GE Vernova said on Wednesday that its wind power unit might take about $250 million revenue hit this year due to installation delays at an offshore Massachusetts project and that it was expecting a drop in order backlog.
The company said the failure to install 11 turbines at the Vineyard Wind project could lead to a low double-digit drop in revenue and account for about $400 million in losses. The project will have 62 turbines in total....
....MUCH MORE
And at ReCharge:
Trump halt blamed as GE Vernova loses more than feared in wind
US energy technology giant says Vineyard Wind was on track to complete this month until stop work order caused new delay...
....MORE
Here's the one-day chart from TradingView, times are UTC:
Now down $5.99 last.
More to come. So far today:
"GE Vernova Stock Jumps After Earnings. It Raises Guidance Again" (GEV)
GE Vernova Reverses Its Early Gains, Now Down 2% Pre-Market (GEV)
