GE Vernova probe finds offshore wind turbine plant in Quebec cut corners, sources say [Yahoo! Finance Canada]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance Canada
GE Vernova owns the Gaspe plant through its LM Wind Power subsidiary. One source familiar with the matter said certain managers at the company had pushed workers to go faster to improve performance which resulted in errors. "There were corners cut," the source said. Another source said the investigation triggered the firing of several Gaspe employees, including supervisors. Both sources asked not to be named discussing the matter. Radio-Gaspesie was first to report on the findings of the GE Vernova investigation. Jean Éric Cloutier, president of the union representing workers at the Gaspe plant, said this week the company has taken matters seriously, but did not provide details about the probe's findings. He said nine managers were laid off and 11 union members were suspended. "An employee committee has also been created to prevent quality problems re-occurring. We are proactive and determined not to let poor management dictate our fate again," Cloutier said. GE Ver
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GEV
News
- Jim Cramer Says You Should Buy The Dip on GE Vernova (GEV) [Yahoo! Finance]Yahoo! Finance
- GE Vernova jumps as Wells Fargo launches at Overweight on strong power demand [Seeking Alpha]Seeking Alpha
- Fairygodboss Announces the 2024 Best Companies for Women, Celebrating Inclusive and Supportive Workplaces for Gender Diversity [Yahoo! Finance]Yahoo! Finance
- GE Vernova Inc. (NYSE: GEV) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $385.00 price target on the stock.MarketBeat
- Can GE Vernova Inc.'s (NYSE:GEV) ROE Continue To Surpass The Industry Average? [Yahoo! Finance]Yahoo! Finance
GEV
Earnings
- 10/24/24 - Miss
GEV
Sec Filings
- 9/5/24 - Form 4
- 8/26/24 - Form 4
- 8/26/24 - Form 4
- GEV's page on the SEC website