GE Vernova Building Synchronous Condenser Sites to Support New York Grid [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
condenser sites at the company's Coffeen and Taylorville substations. GE Vernova on June 26 said it will install three synchronous condenser machines, including Prolec GE generator step-up (GSU) transformers, at each site. Synchronous condensers play a vital role in managing reactive power and voltage levels, helping strengthen the grid and ensuring efficient flow of electricity. They are expected to help manage the flow of electricity and prevent power outages by increasing the short-circuit strength, which is crucial for providing consistent and reliable power to homes and businesses. [caption id="attachment_220517" align="alignnone" width="681"] GE Vernova has been contracted to supply and install synchronous condenser units and generator step-up (GSU) transformers for two substations in upstate New York. The synchronous condenser units, like those shown, are expected to help strengthen the grid. The contract is part of New York's Climate Leadership and Community Protection Act (
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GEV
News
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- GE Vernova Inc. (NYSE: GEV) was upgraded by analysts at Daiwa America to a "strong-buy" rating.MarketBeat
- GE Vernova Inc. (NYSE: GEV) is now covered by analysts at Daiwa Capital Markets. They set an "outperform" rating and a $201.50 price target on the stock.MarketBeat
- Nvidia is not a 'good bet' long term: Analyst [Yahoo! Finance]Yahoo! Finance
GEV
Earnings
- 4/26/24 - Miss
GEV
Sec Filings
- 6/5/24 - Form 4
- 6/5/24 - Form 4
- 6/5/24 - Form 4
- GEV's page on the SEC website