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GE Vernova expects growing backlog and improved profitability

The Motley Fool +1 ·

GEV GE Vernova Inc
$890.33 -1.99%
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  1. 1CEO Scott Strazik said GE Vernova's backlog of $200 billion will be achieved by early 2027.
  2. 2S&P Global Market Intelligence projected GE Vernova's backlog to reach $303 billion by 2030.
  3. 3Of the 116 gigawatts (GW) in GE Vernova's power segment contract volume at the end of Q2, 63 gigawatts (GW) include Slot Reservation Agreements (SRA).

So what's the key point?

GE Vernova's upcoming workload is expected to increase significantly. Experts predict the company's order volume will reach $303 billion in 2030.

Source The Motley Fool +1 · View original ↗

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