GE Vernova Raises Guidance Amid Global Push for Electrification
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GE Vernova Inc., the newly independent supplier of power-generation equipment, is raising its full-year guidance as the global fight against climate change drives demand for electricity.
The company, which was spun off from General Electric Co. in April, expects free cash flow for 2024 of $1.3 billion to $1.7 billion, up from its prior forecast of $700 million to $1.1 billion, according to a statement Wednesday.