Movement Alert|GE Vernova Inc. Falls 3.33% in Regular Trading, Market Continues Digesting Q2 EPS Miss and Wind Power Losses

Market Focus
Jul 27

On July 27, GE Vernova Inc. fell 3.33% in regular trading, trading at $979.0/share, with turnover of $417 million. The decline reflects the market's continued digestion of the company's Q2 earnings report, in which adjusted EPS of $2.47 missed the consensus estimate of $3.18 by approximately 22%.

The wind power segment remained a key drag on near-term profitability, with EBITDA losses expanding to $275 million in Q2 and full-year losses projected at approximately $400 million. Additionally, Q3 wind revenue is expected to decline by low double digits year-over-year due to reduced onshore equipment deliveries. Despite orders booked through 2030, record Q2 orders of $24.2 billion, and a sharply raised free cash flow guidance of $11.5-12.5 billion, RBC Capital Markets noted that the post-earnings pullback stems primarily from crowded positioning and the absence of a near-term EBITDA guidance increase.

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