Latest / Durham News Today | 2 Min News | The Daily News Now!

GE Vernova’s Growth vs Wind Loss | Durham News
GE Vernova is soaring ahead with bold 2026 targets, fueled by explosive growth in gas turbines and grid equipment—driven by booming data center demand. Orders have surged 88% organically, with data center-related contracts already hitting $5 billion this year, more than doubling 2025’s total. This massive backlog signals strong future revenue, but the Wind segment’s persistent losses are dragging down overall profits. Despite the headwinds, the company projects $45.5B–$46.5B in revenue and $11.5B–$12.5B in free cash flow for 2026. The real test? Turning that backlog into real…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.