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GE Vernova May Cut 900 Offshore Wind Jobs
GE Vernova could cut 900 jobs as it aims to curb offshore wind losses
The company is “very intentionally taking a step back” to evaluate its strategy on offshore wind as blade failures at Vineyard Wind and another project contribute to a likely $300 million loss, CEO Scott Strazik said.
GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back
The company, a spinoff from General Electric, has been plagued by financial losses in its wind unit and, more recently, accidents involving the failure of turbine blades.
GE Vernova to trim offshore wind unit, slashing hundreds of jobs
GE Vernova ( GEV) cited cost inflation and supply chain challenges that have hurt the wind sector over the last year, but it also has suffered delays to two major projects it is supplying - Vineyard Wind in Massachusetts and Dogger Bank in the U.K. - because of incidents involving its turbine blades.
GE Vernova doing well, except for offshore wind issues
GE Vernova, which has significant operations in Schenectady, says it will have up to $35 billion in 2024 revenue.
GE Vernova to shrink offshore wind business, slash 900 jobs
The company has faced scrutiny after one of its offshore wind blades fractured this year at a Massachusetts array.
GE Vernova Says It May Cut 900 Jobs in Offshore-Wind Revamp
GE Vernova Inc. may cut about 900 jobs globally as it moves to shrink its offshore wind business. In a proposal to a group that represents European employees, GE Vernova said Thursday it intended to transform its offshore business globally into a smaller,
GE Vernova plans 'leaner' offshore wind unit, will cut hundreds of jobs
Energy equipment maker GE Vernova said on Thursday it planned to slash the size of its struggling offshore wind business, a move that could cut 900 jobs around the world.
Investor's Business Daily on MSN
1h
GE Vernova Is Up 22% This Month, But Analysts Still See Upside
Jefferies analyst Julien Dumoulin-Smith raised the firm's price target on GE Vernova to 293, up from 261, while maintaining a ...
1d
GE Vernova Plans 900 Layoffs After Wind Turbine Setbacks and HugeLosses
GE Vernova, General Electric’s energy division, is reportedly laying off 900 employees from its offshore wind business due to ...
5d
on MSN
Why GE Vernova Stock Is Rallying for a Seventh Straight Session Tuesday
GE Vernova shares rose Tuesday for the seventh straight session as analysts said the company is a "likely benefactor" of ...
pv-magazine-australia
12h
Quinbrook picks GE Vernona for 1 GWh Supernode battery stage
Quinbrook Infrastructure Partners has tapped United States-headquartered energy equipment manufacturer GE Vernova to deliver ...
5d
on MSN
GE Vernova gains again as BofA upgrades, hikes price target to Street-high $300
GE Vernova (NYSE:GEV) +3.5% in Tuesday's trading to a fresh record high, poised for its seventh straight daily gain, after ...
5d
on MSN
Watch These GE Vernova Price Levels as Stock Trading Near Record High
GE Vernova shares will likely remain on watchlists Wednesday after hitting a new record high yesterday following favorable ...
pv-magazine-usa
4d
GE Vernova releases 2,000 V (DC) utility-scale inverter
GE Vernova has developed a 2,000 V (DC) utility-scale inverter, to be used in a North American pilot operation starting in ...
3d
on MSN
Calls of the Day: Elanco Animal Health CEO, Casey's General Store, GE Vernova, Spotify
John Legend took to his Instagram account while sitting in his Beverly Hills home to say that Haitian migrants in his home ...
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