USSTOCK.TODAY
Weekend. Closed
Log in Sign up

GE Vernova Shares Fall as Backlog Expands

The Motley Fool +1 ·

GEV GE Vernova Inc
$815.00 -1.50%
View chart & analysis →
  1. 1GE Vernova shares fell approximately 11% on Thursday, October 22.
  2. 2GE Vernova reached a backlog of $176 billion as of the end of June.
  3. 3CEO Scott Strazik said the company is on track to reach its goals in 2027.

So what's the key point?

GE Vernova shares dropped significantly by about 11%. However, the company has a $176 billion backlog of orders, meaning it is moving toward its goals.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Differing investment perspectives on energy companies amid surging AI power demand The Motley Fool +1 · 3h agoGE Vernova records $176 billion in backlog amid rising power demand The Motley Fool +1 · 2d agoGE Vernova expects growing backlog and improved profitability The Motley Fool +1 · 3d ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news