GE Vernova fell by 7 per cent and wind and electricity continued to slow down overall profitability

On 22 July, GE Vernova (GEV.US) fell by over 7 per cent, reaching a minimum of $998.56. In the news, GE Vernova earned 22 to 11.1 billion United States dollars in the second quarter of the year, and the adjusted return of $2.47 per share was lower than the market forecast of $3.01, indicating that it would still take time for the purchase order increase to release profits. Wind and electricity operations continue to slow down overall profitability, with the EBITDA losses increasing by 630 basis points to $275 million in comparison to the current season, mainly affected by offshore wind and power delivery and cost pressures on land projects; the EBITDA is expected to lose approximately $400 million throughout the year。