Can GE Vernova's Gas Turbines Make Up for a Collapsing Wind Business?

GE Vernova's wind turbine business is declining sharply with Q2 revenue down 11% and orders down 40%, but this is being offset by strong growth in its natural gas turbine business, which saw 14% revenue growth and 135% order growth. The company's total combined orders reached a record $24.2 billion in Q2, with only 20% of the power division backlog from AI data centers, reducing dependency on that sector.