Core Insights - GE Vernova Inc. reported a strong third quarter with a 55% organic increase in orders and announced the acquisition of full ownership of Prolec GE, enhancing its position in North America's transformer market [1][4] - The company reported GAAP earnings per share of $1.64, which was below the consensus estimate of $1.92, while total revenue reached $9.969 billion, exceeding the forecast of $9.158 billion [2] - GE Vernova reaffirmed its full-year 2025 guidance, expecting revenue to be at the higher end of the $36.0–$37.0 billion range, slightly below the $37.186 billion consensus estimate [3] Earnings Results - GAAP earnings per share were reported at $1.64, missing the consensus estimate of $1.92 [2] - Total revenue for the quarter was $9.969 billion, surpassing the forecast of $9.158 billion [2] Analyst View - The quarterly results were characterized as solid, with strong organic order growth [4] - The acquisition of the remaining 50% stake in Prolec GE for $5.275 billion is viewed positively, priced at 13.9x 2025 EV/EBITDA [4] - Management estimates the acquisition will add $600 million to 2026 EBITDA and generate $60 million-$120 million in cost synergies by 2028 [5] Analyst Estimates - The adjusted EBITDA forecast for 2025 is maintained at $3.5 billion, reflecting a 74% year-over-year increase, above the $3.4 billion consensus [6] - The analyst estimates a 7% year-over-year organic revenue growth and a margin expansion of 360 basis points for 2025 [6] - For 2026, the adjusted EBITDA estimate is reiterated at $5.5 billion, above the consensus of $5.2 billion [6] Other Price Forecast Changes - Citigroup's Andrew Kaplowitz maintained a Neutral rating but lowered the price forecast from $670 to $658 [7] - Barclays' Julian Mitchell kept an Overweight rating and increased the price forecast from $706 to $710 [7] - BMO Capital's Ameet Thakkar retained an Outperform rating while raising the price forecast from $690 to $710 [7] Price Action - GEV shares were trading higher by 3.32% to $595.10 at the last check [8]

guest investment strategy runs a fund rated five stars by Morning Star. Let's bring in Eli Horton. He's senior portfolio manager of the TCW Transform Systems ETF.Eli, it's so good to have you here. Welcome to Fast Money for the first time. Great to be here.Um, so obviously we've seen a a lot of world leaders meet with the president. It seems like there's some negotiations that might be happening. When we look at the markets in the last couple days, you would see perhaps benign reaction, but there's opportun ...

Core Insights - Fingrid's financial performance in 2024 showed significant growth in turnover and operating results, with a turnover of €1,269.3 million, up 6.4% from the previous year, and an operating result of €238.9 million, an increase of 28.4% [2][3] - The company is heavily investing in grid infrastructure, with capital expenditures reaching €520.9 million, a 61.7% increase from 2023, to support the growing demand for electricity transmission and renewable energy connections [3][4] - Fingrid's electricity consumption in Finland rose to 82.7 terawatt hours, reflecting a 3.4% increase, while the company transmitted 66.1 terawatt hours, representing 79.9% of the total consumption [5][9] Financial Performance - Turnover for 2024 was €1,269.3 million compared to €1,193.2 million in 2023, marking a 6.4% increase [2] - Operating result was €238.9 million, up from €186.1 million, a 28.4% increase [2] - Profit before taxes increased to €227.4 million from €186.0 million, a 22.3% rise [2] - Net cash flow from operations decreased by 11.0% to €190.9 million [2] Investment and Infrastructure - Fingrid's investment program is approximately €4 billion, focusing on enhancing transmission connections and accommodating higher electricity consumption [3] - Capital expenditure for 2024 was €520.9 million, a significant increase from €322.0 million in 2023 [2][3] - The company anticipates gross capital expenditure of roughly €1.7 billion from 2025 to 2028, with €626 million already committed [5] Electricity Consumption and Production - Total electricity consumption in Finland reached 82.7 terawatt hours in 2024, up from 80.0 terawatt hours in 2023 [5][9] - Fingrid connected 1,600 megawatts of renewable production capacity to the main grid [5][9] - The number of inquiries for connecting renewable electricity generation to the grid increased to over 400 gigawatts, indicating strong future demand [4] Regulatory and Legal Matters - Fingrid has appealed to the Market Court regarding the Energy Authority's decisions on balance service collateral requirements and profit regulation methods, which the company believes weaken its investment capacity [11][12] - The company is involved in ongoing legal proceedings related to the OL3 nuclear power plant's connection to the grid, asserting that it is not responsible for the associated protection scheme [13][21] Future Outlook - The company expects its financial results for 2025 to remain stable compared to 2024, despite anticipated increases in operational costs due to expanding electricity transmission needs [18] - Fingrid plans to raise grid service fees by an average of 8% starting January 2025 to cover growing costs and investments [9]