GE Vernova reserves turbine for Maxim Power, expects delivery by 2030 with $60M spending in 2026. Partnership with Xcel Energy aims for energy projects through 2030s. 12.1% above its 20-day trading average.
GE Vernova Inc. stock (NYSE: GEV) is down during premarket trading after entering into a gas turbine and generator reservation agreement with Maxim Power Corp. Maxim secured a manufacturing slot for a 7HA.02 gas turbine and generator package to be delivered by 2030, with a non-refundable deposit needed. The Prairie Lights Power project in Alberta, part of Maxim's plans, expects spending of up to $60 million in 2026. In a separate development, GE Vernova partnered with Xcel Energy (NASDAQ: XEL) for energy projects till 2030. GEV stock is currently 12.1% above its 20-day trend. The S&P 500 was down by 0.21% the previous trading day.
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