GE Vernova to supply turbines to Romania; shares fall

Shares of U.S.-utility GE Vernova GEV.N fall 1.7% to $712 premarket

Company signs an agreement with Public Power Corporation Renewables to supply, install and commission 14 of its 6.1 megawatt (MW) turbines for a wind farm in Romania

The new agreement builds on an earlier deal to supply 23 of GEV's turbines announced in September 2024

Co expects the project to provide enough energy to power the equivalent of about 38,000 households

As of last close, shares were up 119.8% YTD