On July 29, GE Vernova Inc. fell 3.47% in regular trading, trading at approximately $910.99/share, with turnover of $6.16 billion. The stock has been under sustained selling pressure as the market continues to digest the company's Q2 earnings shortfall.
GE Vernova's previously released Q2 results showed adjusted EPS of $2.47, roughly 22% below the market consensus estimate of $3.18. The wind power segment remained a key drag, with EBITDA losses widening to $275 million in the quarter, and full-year wind segment losses now projected at approximately $400 million. Management also guided Q3 wind revenue to decline by low double digits year-over-year due to reduced onshore equipment deliveries.
Despite constructive longer-term fundamentals — including orders booked through 2030, record Q2 orders of $24.2 billion, and a significant free cash flow guidance raise to $11.5–$12.5 billion — RBC Capital Markets noted the post-earnings pullback is primarily attributable to crowded positioning and the absence of a near-term EBITDA guidance increase.
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