GE Vernova Raises Outlook As AI Power Boom Masks Wind Weakness ...Middle East

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GE Vernova Raises Outlook As AI Power Boom Masks Wind Weakness
source : OILPRICE ( Middle East ) () 38
GE Vernova raised its full-year revenue forecast on Wednesday after another quarter of booming demand for gas turbines, grid equipment and AI-driven electricity infrastructure. Wind was the clear exception. The company’s wind business posted deeper losses as turbine manufacturers continue to struggle with weak project economics, rising costs and politics. The company reported second-quarter revenue of $11.1 billion, up 22% year-over-year and ahead of analyst expectations, while orders surged 88% to a record $24.2 billion, lifting its backlog…

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