On September 16, GE Vernova Inc. rose 3.24% in regular trading, trading at 911.26 USD/share, with Turnover of $491 million. The gain was driven by the announcement that GE Vernova signed an agreement with Eurus Energy Holdings to supply seven 4.2-megawatt wind turbines for a 29.4-megawatt wind project in Aomori Prefecture, Japan.
The contract includes a two-year service agreement with an option to extend coverage for an additional two years. Financial terms were not disclosed. The order arrives as the company rebounds from a sharp 7.65% decline on September 14, triggered by GLJ Research downgrading its rating from Buy to Sell with a $470 target price. The Japanese wind deal, alongside recent strategic wins including a 1,200 MW Swedish nuclear project with Studsvik and Samsung C&T, an Australian battery storage expansion, and a new joint venture with LS ELECTRIC in South Korea, underscores the company's broadening global order pipeline across wind, nuclear, and storage segments.
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