Can GE Vernova's Gas Turbines Make Up for a Collapsing Wind Business?

Impact · against what's priced in

The reported Q2 order strength in gas turbines and continued weakness in wind provide no new catalyst for GEV, as these trends are already accounted for in the current valuation. The stock's price already assumes the wind segment will be a drag and that the company possesses a massive, yet slowly converting, backlog.

GEV+0.00

Already priced in

The price assumes

The expectation that the Wind segment will remain a drag on overall performance.

The 11% decline in wind revenue to $2 billion and 40% drop in turbine orders align with the market's existing expectation that the wind segment will continue to hinder overall results.

What GEV's price assumes · Aug 26

• GEV
• energy infrastructure
• natural gas
• nuclear power
• power generation
• renewable energy
• spin off
• turbines
• wind energy

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