GE Vernova wind orders fall 40% as electrification lifts growth
After GE’s April 2024 spin-off, GE Vernova’s wind unit remains about one-third of revenue. Wind orders fell another 40% year over year in Q2 and shares declined, but overall organic orders grew 88% as power and electrification segments strengthened. The wind slowdown is framed as a bonus-like component despite the sharp order drop.