GE Vernova offsets wind sector decline with gas turbine growth
GEV GE Vernova Inc
$815.00 -1.50%
View chart & analysis → - 1GE Vernova's wind equipment revenue fell 11% year-over-year in the second quarter of this year.
- 2GE Vernova's power segment revenue grew 14% in the second quarter.
- 3CEO Scott Strazik stated during the July second-quarter earnings call that data center customers account for 20% of the current power segment backlog.
So what's the key point?
GE Vernova's wind equipment revenue decreased by 11% compared to last year. Instead, power segment revenue grew, and the proportion of data center customers is 20%.
Source The Motley Fool +1 · View original ↗
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