GE Vernova Says Electric Power Demand Driving Rosy Outlook -- Market Talk

Dow Jones12-11

1111 ET - GE Vernova's exuberant outlook is being driven by growing energy and electric power demand, Chief Executive Officer Scott Strazik says in an interview on CNBC. "The world needs a lot more energy than it has today, and it needs a much larger proportion of that energy to be electric power," Strazik says, adding that electric power is likely to rise to 40% of global energy production, up from 20% today. "We're going into an expanded profit pool." The energy company on Tuesday doubled its dividend and raised its outlook, projecting $52 billion of revenue by 2028. The stock is up 12% to $701.19. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

December 10, 2025 11:11 ET (16:11 GMT)

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