BUZZ-Siemens Energy plummets after GE Vernova earnings miss

GE Vernova Inc.

GE Vernova Inc.

GEV

0.00

** German energy provider Siemens Energy ENR1n.DE shares fall 7%, tracking pre-market losses of U.S. peer GE Vernova GEV.N after the Massachusetts-based company narrowly missed core earnings expectations

** A trader says the midpoint of GE Vernova's FY adjusted EBITDA guidance of 12-14% fell short of estimates at 13.5%

** The trader also points to a comment from GE Vernova on the impact of global tariffs, which it estimates will cost the U.S. company around $100 million to $200 million in 2026

** Today's losses wiped off 9.6 billion euros ($10.95 billion) from Siemens Energy's market cap

** Co sits bottom of Germany's blue chip index .GDAXI




($1 = 0.8766 euros)


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