GE Vernova Stocks Rise Nearly 3% After SoftBank's $3.7 Billion Power-Equipment Charge

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This article first appeared on GuruFocus. GE Vernova (NYSE:GEV) shares rose nearly 3% at 10:40 a.m. ET on Wednesday, November 11, in regular trading, after a 4% drop on Tuesday triggered by SoftBank's revised power-equipment plans for its Ohio data center campus. SoftBank's investor briefing booked a 597.2 billion, or $3.7 billion, loss tied to U.S. power-generation procurement for AI data centers. Warning! GuruFocus has detected 6 Warning Signs with GEV. Is GEV fairly valued? Test your thesis with our free DCF calculator. The charge includes $2.9 billion of non-refundable advance payments and $0.9 billion for contract modifications and settlements, linked to the PORTS-Pike project and others.