GE Investor Call Debrief and Possible Impacts
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⏱️ 3 minute read ⏱️
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GE: the Future is Bright, and Complicated
This week Allen, Joel, Phil and Rosemary discussed the recent GE Vernova investor call and how the US market is likely to react.
Let’s start with a little background for the non-Econ majors:
GE has three different business divisions, and while all three are essentially focused on electrification, some very different market forces are at play in each.
While anyone who listened to the call can attest, the company still sells and manufactures wind turbines, but GE Vernova hasn’t taken any orders for offshore equipment in more than three years.
Still, revenue is not in free-fall; it’s flat - which goes a long way in explaining why the call focused a lot of energy (pardon the pun) on managing capacity and operational efficiency.
Lean In - to the Wind Industry?
The overarching theme of the call was that GE will lean here, lean there, lean this, and lean that - in other words, the company was clear that it plans to reduce costs.
But even as the wind industry (among others) is taking a wait-and-see approach as the US economy adjusts to a new administration next year, GE and other manufacturing giants are in this for the long haul. And that means that new wind projects will continue - both onshore and off - and repowering projects are likely to accelerate.
Of course, GE is hardly the only power player in this game. How oil and gas and other utilities play their cards, and when, will only make things more interesting.
Even though wind isn’t - at least ostensibly - favored by the incoming administration, the world loves and needs electricity, and ensuring that the US grid is as strong and profitable as possible is in (almost) everyone’s best interest.
This week’s Uptime podcast goes into some detail describing how capacity costs can be manipulated, why we probably don’t need to worry about data centers draining our grid, and what might trigger investors to get behind new energy projects.
Listen now, or share this with a friend.
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⚡️ NEWS FLASH 12/16/24:
🎤 New Interview:
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Wind Energy Stock Watch
Vestas (VWDRY) $4.39 USD
GE (GE) $165.80 USD
Siemens Energy AG (SMNEY) $53.60 USD
Goldwind (XJNGF) $.91USD
Iberdrola (IBE.MC) €13.20 EUR
Nordex (NRDXF) $11.66 USD
Stock prices as of close Tuesday Dec 17, 2024. Note some stocks use OTC Delayed Price.
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