GE Vernova Shares Decline Following Revised Wind Segment Loss Projections
GE Vernova (GEV) shares experienced volatility following its third-quarter 2026 earnings report. While the company beat analyst expectations with $12.6 billion in revenue and diluted earnings per share of $4.81, investors reacted negatively to revised guidance regarding its wind business segment. The company updated its 2026 outlook for the wind division, projecting a steeper EBITDA loss of $400 million to $500 million, compared to previous estimates of a $400 million loss. Additionally, revenue for the wind segment is now expected to decline in the mid-single-digit range year-over-year. Despite these headwinds in the wind sector, GE Vernova maintains strong overall projections, forecasting full-year 2026 revenue between $46.5 billion and $47.5 billion with free cash flow of $16 billion to $17 billion.
Coverage
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