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Earlier this week, Venture Global announced power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new 720 MW combined-cycle gas power island units and associated transformer equipment, supporting an off-grid industrial power network that could underpin as much as 10 GW of future compute…
GE Vernova pulled back due to institutional profit-taking before third-quarter earnings.The Wind segment and operational execution costs continue weighing on short-term margins.Analysts maintain an average price target of $1184.63 with Buy ratings.
GE Vernova (GEV) plummeted in early morning trade on Tuesday, on track to erase the stock's gains for the week, after the company beat revenue estimates and raised its full-year guidance but missed earnings expectations.