GE Vernova's $197 Billion Backlog, $9 Billion Acquisition, and One Clear Strategy
In 2024, Siemens Energy (OTC:SMERY) (OTC:SMEGF) was losing billions of dollars in its wind business. It had to sell non-core assets to free up cash. One of them was Trench Group, a company specializing in high-voltage grid components. The price was undisclosed. Now, GE Vernova (NYSE:GEV) has agreed to buy that same company from investment firm Triton Partners for a whopping $9 billion. That one fact tells you almost everything about the artificial intelligence (AI) power business today. What it still doesn't reveal is the scale and pace of GE Vernova's growth. Continue reading