GE Vernova strikes deal with Greenvolt for Romania wind turbines, shares rise

Shares of power equipment maker GE Vernova GEV.N gain ~1% at $607 premarket

Co enters into a supply deal with Greenvolt Energy to supply, install and commision 42 of its 6.1 megawatts (MW) - 158m onshore wind turbines to power the Gurbanesti wind farm in Romania

Deliveries of the wind turbines are scheduled to begin in 2026

Along with the earlier project of supplying 42 turbines to the lalomita wind farm in Romania, the two projects will produce about 500 megawatts supporting Romania's 2030 renewables targets

As of last close, GEV was up 83% YTD