GEV Falls 7.5%
GE Vernova's stock is down 7.5% despite securing a major LNG order in Vietnam
5% at last check on Tuesday after the company announced a new gas-power equipment order tied to a major LNG power project in Vietnam. 02 gas turbines and two H78 generators for Vietnam Electricity’s Quang Trach II LNG Power Plant. 6 gigawatts of electricity and begin commercial operations by 2030. EVN is developing the plant with an EPC consortium comprising Power Construction Corporation of China and LILAMA Corporation.
Located in the Hon La Economic Zone in Quang Tri Province, the project is expected to use imported liquefied natural gas, which will be regasified to fuel the turbines. HA Fleet Milestone And Vietnam Presence The order comes as GE Vernova’s HA gas turbine fleet surpassed 4 million commercial operating hours worldwide. The company said nearly 130 HA units are operating across 21 countries. GE Vernova said it has operated in Vietnam since 1993 and has worked with EVN since 1995.
2 GW, and the company has nearly 1,100 employees across nine locations in Vietnam. GEV Stock: Key Technical Levels To Watch GEV remains in a strong, longer-term uptrend despite Tuesday’s premarket pullback. 22. In the near term, the setup is choppier.
50, signaling cooled momentum and potentially uneven rallies. MACD is more constructive, holding above its signal line with a positive histogram. That suggests selling pressure is easing, and buyers are regaining some control. 50 — a nearby level that lines up as a recent "buyers stepped in" zone GEV Earnings Preview and Analyst Ratings The next major catalyst for the stock arrives with the July 22, 2026 (estimated) earnings report.
84. 99 per share, Read Also: Nvidia Isn't The Only Potential Winner From SpaceX's $85 Billion IPO Image by Saskia B via Shutterstock