Zimbabwe Has $9 Billion Plan to Join African Electricity Drive
The plan, which falls under the World Bank and African Development Bank 's Mission 300 program, envisages a more than doubling of the country's power production from hydro, wind, solar and biomass plants, a copy of the presentation sent to Bloomberg showed. Zimbabwe has been hit by regular power outages in recent years, often lasting most of the day, due to a lack of generation capacity.
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GE Vernova Q2 Earnings Preview: Will GEV Stock Keep Soaring?
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Subscribe now for quick, incisive midday market analysis you won't find anywhere else. These trends have resulted in a growing backlog of orders, providing a solid foundation for future revenues. The company had a solid start to 2025, delivering 11% revenue growth, significant margin expansion, and generating substantial free cash flow. Orders increased by about 8% to $10.2 billion. Thanks to the solid demand environment and solid growth, GE Vernova stock has delivered a 68% gain so far in 2025. Further, GEV stock has surged 230% over the past year. With GEV climbing ahead of the upcoming earnings report, a strong Q2 performance and upbeat guidance for the remainder of the year could further energize the stock. With this background, let's turn to what analysts are projecting for Q2. GE Vernova: Positioned for a Solid Q2 as Demand Surges GE Vernova is entering the second quarter with strong momentum, backed by surging demand across its core markets. The company is seeing robust tailwinds from global trends in manufacturing expansion, industrial electrification, electric vehicles, and the rapid rise of data centers. These end markets are creating unprecedented demand for reliable base load power, upgraded grid infrastructure, and decarbonization solutions, areas where GE Vernova's technology and service capabilities shine. As global supply chains adapt to new trade dynamics by becoming more regional and resilient, manufacturers are ramping up capacity. This expansion is driving electricity demand, further boosting GE Vernova's growth prospects. The company's installed base is proving to be a strategic asset. As industrial activity intensifies, usage of GE Vernova's equipment is increasing, opening up lucrative opportunities in aftermarket services, including upgrades. Services now account for over 60% of the company's $123 billion backlog reported at the end of the first quarter. This high-margin, recurring revenue stream supports long-term cash flow and adds visibility and resilience to future earnings. In Q2, GE Vernova is expected to report solid revenue growth, primarily driven by continued strength in both the Power and Electrification segments. Power segment orders surged 28% in Q1, particularly in gas power equipment and services. For the second quarter, management anticipates continued year-over-year growth in gas equipment orders. It expects organic revenue to rise in the mid-single-digit range, reflecting strong equipment sales and a growing service business. The electrification segment is another growth engine for the company. With grids around the world under pressure to expand and modernize, GE Vernova is seeing a significant uptick in demand for grid-related equipment. Management expects strong order activity and healthy margins to continue into the second quarter. With favorable pricing dynamics, volume growth, and ongoing productivity improvements, GE Vernova appears well-positioned to deliver another strong quarter on the bottom line front. Analysts forecast Q2 earnings at $1.60 per share, a significant jump of over 125% from the $0.71 posted in the same period last year. Notably, GE Vernova has beaten earnings expectations in three of the past four quarters, including a 102% beat in Q1. Will GE Vernova Stock Keep Soaring? GE Vernova has been on an impressive run lately, and there are strong reasons to believe that momentum could continue. With robust demand across power generation, grid modernization, and electrification, driven by macro trends like AI, EV adoption, and global decarbonization, GE Vernova is well-positioned to sustain its growth trajectory in Q2. Its expanding backlog, high-margin service revenue, and focus on growing its margins set the stage for a strong Q2 report. Wall Street analysts are bullish about GE Vernova's growth prospects and maintain a 'Strong Buy' consensus rating ahead of earnings. Moreover, the highest price target of $702 implies 28.7% upside potential in GEV stock from current levels. On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
an hour ago
- Bloomberg
Goldman, Investec See Room for Three S. Africa Rate Cuts in 2025
South Africa's tame inflation has created room for the central bank to cut interest rates at each of its three remaining meetings this year, according to Goldman Sachs Group Inc. and Investec Bank Ltd Annual inflation inched up to 3% in June from 2.8% in May, data on Wednesday showed. That was less than the 3.1% median estimate of 12 economists in a Bloomberg survey.
Bloomberg
3 hours ago
- Bloomberg
Emirates Adds Mauritius Flight as Island Mulls Opening to Rivals
Emirates is ramping up its presence in Mauritius by adding a third daily flight to the island nation, seeking to buttress its position as the country considers opening up to other carriers. Starting in December, the peak of the holiday season travel, the world's largest airline will offer another service to the Indian Ocean hotspot using a Boeing Co. 777 twin-aisle jetliner, the carrier said. That's on top of two daily flights between Dubai and Mauritius now with the giant Airbus SE A380 double deckers.
