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GE Vernova
· 1 article
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Follow-up to GE Vernova buys grid equipment maker Trench Group for $9 billion
GE Vernova doubles its buyback and raises its 2026 sales forecast again
On Wednesday October 28, GE Vernova (GEV) agreed to buy Trench Group and raised its 2026 revenue forecast for a third time. It also doubled its buyback authorization to $20 billion. Third-quarter orders jumped 96%, lifting its backlog to a record.
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GE Vernova Buys Trench for $9 Billion, Lifts 2026 Revenue Forecast a Third Time, Doubles Buyback to $20B as Orders Jump 96%
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OilPrice
· 1d ago
GE Vernova Expands in High-Voltage Grid Gear With Trench Deal