GE Vernova Boosts Growth, Profit Outlook
Update: 2025-12-10
Description
GE Vernova, a newly independent energy technology company, has significantly boosted its financial outlook. They now anticipate reaching fifty-two billion dollars in revenue and a twenty percent profit margin by 2028, a substantial increase from their previous targets. This optimistic forecast is driven by strong demand in their power and grid businesses, and a surge in orders for gas turbines. To express gratitude to investors, GE Vernova has doubled their quarterly dividend to fifty cents per share and increased their share repurchase program to ten billion dollars. The company expects to generate at least twenty-two billion dollars in cumulative free cash flow from 2025 to 2028, a significant increase from their previous guidance. The CEO, Scott Strazik, described this as a vote of confidence in a market poised for substantial value creation, highlighting electrification and energy infrastructure as key growth areas.
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