BUZZ-GE Vernova rises on higher sequential revenue, orders

Updates

Shares of utility firm GE Vernova GEV.N pare losses, now up ~1% at $420 premarket

Company reports higher sequential revenue of $10.56 bln, but misses analysts' est. of $10.79 bln - data compiled by LSEG

"4Q orders were strong, highlighted by higher-than-expected orders in electrification," say J.P.Morgan analysts

Wind segment records lower orders compared to Q4 2023, primarily driven by a large U.S. onshore wind order last year

Shares up 26.5% YTD, as of last close

In 2024, GEV rose ~14.6%

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com;))