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GE Vernova Warns Efforts to Halt Offshore Wind Projects Could Hurt Operations
GE Vernova GEV 0.82%increase; green up pointing triangle warned that the Trump administration’s efforts to halt construction of all U.S. offshore wind projects could hurt its wind division.
The warning whipsawed the energy company’s stock. Shares initially climbed more than 5% in premarket trading Wednesday, after GE Vernova raised its full-year outlook and reported higher fourth-quarter earnings. The stock swung lower after the company disclosed the potential hit to its wind division, before trading about flat.
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