GE Vernova jumps on wind repower deal with Taiwan Power Company
ReutersNov 19, 2025 2:55 PM
Shares of power equipment maker GE Vernova GEV.N jumps 4.2% to $578, set to rise after two consecutive sessions of losses
Company signs first onshore wind repower upgrade deal outside the U.S. with Taiwan Power Company to supply 25 repower upgrade kits
GEV will also deliver a five-year operations and maintenance services package under the deal
Company adds that initial components are scheduled for delivery in Q4, with retrofit installation taking place throughout 2026 and 2027
Including session's move, stock up ~68% YTD
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