Elon Musk Claims SoftBank Is Defaulting on Turbine Orders
Elon Musk claims SoftBank is defaulting on turbine orders as financing questions grow around its Stargate buildout
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Guggenheim has revised its price target for GE Vernova Inc. (GEV) downward to $1,400 from the previous target of $1,450.
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Elon Musk claims SoftBank is defaulting on turbine orders as financing questions grow around its Stargate buildout
GE Vernova shares fell significantly following a wave of local community proposals to halt data center developments and political shifts in key U.S. states.
Venture Global, an LNG exporter, is pivoting to become an "AI utility" by building 10 gigawatts of data center capacity through modular power islands by 2034. The company has framework agreements with GE Vernova and Baker Hughes for equipment, with power expected online in 2028-2029. However, it still lacks binding agreements with major hyperscalers, which represents a critical hurdle for this capital-intensive expansion.
GEVORKYAN, a.s. has completed a EUR 30 million bond issue to refinance existing liabilities, with investor demand exceeding the offering size.
GE Vernova and Seatrium are collaborating to support TenneT's construction program for four 2GW offshore platforms in the North Sea.
HSBC upgraded GE Vernova to Buy from Hold with a $1,100 price target, while Argus Research adjusted its price target to $1,100 from $1,300.