GE Vernova Gains 2.3% as $1.3 Billion Wind Fight Ends

This article first appeared on GuruFocus. GE Vernova (NYSE:GEV), the power-generation and grid-equipment company, ended its commercial dispute with Vineyard Wind after withdrawing its termination notice and pending appeal. Shares gained approximately 2.3% to $946.45 on Thursday morning, putting the focus back on execution rather than the courtroom. Warning! GuruFocus has detected 5 Warning Signs with TSLA. Is GEV fairly valued? Test your thesis with our free DCF calculator. The fight centered on GE Vernova's $1.3 billion contract tied to the $4.5 billion offshore-wind project. Reuters previously reported that GE claimed roughly $360 million remained unpaid before a judge ordered the company to continue its work. That figure represented about 27.