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GE Vernova May Cut 900 Offshore Wind Jobs
GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.
GE Vernova doing well, except for offshore wind issues
GE Vernova, which has significant operations in Schenectady, says it will have up to $35 billion in 2024 revenue.
GE Vernova CEO Appraises Nuclear Power Prospects, Offshore Wind Business
The nuclear power industry is set to add ‘gigawatts upon gigawatts’ of capacity heading into the 2030s, while offshore wind needs to sort out its business model, according to GE Vernova CEO Scott Strazik.
GE Vernova to trim offshore wind unit, slashing hundreds of jobs
GE Vernova ( GEV) cited cost inflation and supply chain challenges that have hurt the wind sector over the last year, but it also has suffered delays to two major projects it is supplying - Vineyard Wind in Massachusetts and Dogger Bank in the U.K. - because of incidents involving its turbine blades.
GE Vernova Says It May Cut 900 Jobs in Offshore-Wind Revamp
GE Vernova Inc. may cut about 900 jobs globally as it moves to shrink its offshore wind business. In a proposal to a group that represents European employees, GE Vernova said Thursday it intended to transform its offshore business globally into a smaller,
GE Vernova plans 'leaner' offshore wind unit, will cut hundreds of jobs
Energy equipment maker GE Vernova said on Thursday it planned to slash the size of its struggling offshore wind business, a move that could cut 900 jobs around the world.
GE Vernova to shrink offshore wind business, slash 900 jobs
The company has faced scrutiny after one of its offshore wind blades fractured this year at a Massachusetts array.
17h
on MSN
Is GE Vernova Inc. (GEV) the Best Young Stock To Buy Now?
We recently compiled a list of 10 Best Young Stocks To Buy Now. In this article, we will look at where GE Vernova Inc.
1d
on MSN
GE Vernova: Here's why Jefferies' Julien Dumoulin-Smith is bullish on the stock
Smith, Jefferies analyst, joins ‘Fast Money’ to discuss GE Vernova as the stock of the energy company is having a tremendous ...
Benzinga.com
3d
GE Vernova Set For $2.5B Free Cash Flow By 2026 Amid Energy Transition Boom, Bullish Analyst Says
GE
Vernova
secures a Buy rating from Truist, with a $300 price target, capitalizing on energy transition opportunities.
Energy Central
2d
GE Vernova Inc. - GE Vernova’s nuclear business advances to next stage of Great British Nuclear’s SMR competition
GE Vernova's Nuclear business, GE Hitachi Nuclear Energy (GEH), has progressed to the next stage of Great British Nuclear's ...
4d
Strong Growth Ahead: Buy Rating for GE Vernova Amid Rising Demand for Baseload Generation and Strategic SMR Investments
Morgan Stanley analyst Andrew Percoco has maintained their bullish stance on GEV stock, giving a Buy rating yesterday. Andrew Percoco has ...
Power Engineering
2d
DOE selects GE Vernova to develop AI assistant for hydrogen safety
The AI Assistant will be used for safe hydrogen (H2) handling and permitting and trainings focused on the safety for hydrogen ...
Energy Central
1d
GE Vernova boosts HVDC cable manufacturing capacity in England
US energy giant GE Vernova ( NYSE: GEV ) has completed an expansion of its grid solutions business in Stafford, England to ...
Investor's Business Daily on MSN
5d
GE Vernova Is Up 22% This Month, But Analysts Still See Upside
Jefferies analyst Julien Dumoulin-Smith raised the firm's price target on GE Vernova to 293, up from 261, while maintaining a ...
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