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GE Vernova wind orders fall 40% as electrification lifts growth

GE Vernova logoGE Vernova
Sig2.15Sen+1.67Env0.00Soc0.00Gov0.00

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.

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