BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM) ("GHM†or the "Company†), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Energy & Process, and Space industries, today reported financial results for its third quarter for the fiscal year ending March 31, 2026 ("fiscal 2026†). Graham's President and Chief Executive Officer, Matthew J. Malone stated, "Our third quarter result. ...

Core Viewpoint - GE Vernova is well-positioned to benefit from the increasing global demand for electricity and renewable energy, driven by the technology sector's expansion of AI data centers and overall growth in the power industry [1][3]. Group 1: Electricity Demand and Data Centers - Global electricity demand is projected to rise by 4.3% in 2024, accelerating from a 2.5% increase in 2023 [1]. - Data centers accounted for approximately 1.5% of the world's total electricity consumption in 2024, with their electricity demand growing at a 12% annualized rate from 2020 to 2024 [2]. - GE Vernova reported a significant increase in orders for data centers, with over $2 billion in orders for 2025, more than tripling the previous year's total [6]. Group 2: Financial Performance - GE Vernova's revenue increased by 9% to $38.1 billion in 2025, with $19.8 billion coming from the power segment, driven by strong demand for natural gas power equipment [8]. - The company reported fourth-quarter earnings of $13.39 per share, exceeding analysts' expectations by over $10 per share, partly due to growing sales to data centers [5]. Group 3: Natural Gas and Renewable Energy Growth - Global natural gas demand rose by 2.7% in 2024, reaching an all-time high, with further growth expected at 1% in 2025 and 2% in 2026, particularly in emerging markets [9]. - GE Vernova's wind segment generated $9.1 billion in revenue in 2025, with a 9% increase in orders, as global renewable energy capacity is expected to more than double by 2030 [10]. Group 4: Future Outlook - The company has a total backlog of $150 billion in projects, indicating a strong future regardless of fluctuations in the AI sector [11]. - Deloitte research suggests that AI data centers' power demand in the U.S. could increase by over 3,000% by 2035, highlighting a significant growth opportunity for GE Vernova [7].

Benchmark indices Sensex and Nifty ended marginally higher on Wednesday as a sharp decline in IT blue-chip stocks restricted the rally in the markets.Photograph: Shailesh Andrade/ReutersKey Points50-share NSE Nifty went up by 48.45 pointsSensex firms, Eternal, Trent, NTPC, Adani Ports, Power Grid and Maruti were among the biggest gainersInfosys, TCS, HCL Tech and Tech Mahindra were the biggest laggards, declining as much as 7%After a remarkable rally in the previous trade, the 30-share BSE Sensex ended 78.5 ...

03 Feb 2026 11:18:42 ET │ 19 pages Vi e w p o i n t | China Diversified Utilities Higher Grid Capex Growth in 2026E; Lifting Solar & Wind Installations CITI'S TAKE PRC electricity demand growth in 2025 was +5.0% y/y, a deceleration of 1.8ppts from the previous year due to a warmer-than-usual winter in 1Q25. We expect electricity demand growth to accelerate to 6.5% y/y in 2026 based on a 1.3x multiple for annual electricity demand growth versus annual GDP growth, similar to those in 2020-24. Meanwhile, 2025 ...

Market Overview - The GIFT Nifty is trading with losses of around 0.3% at 25,779, indicating a negative open for the benchmark index [1] - The Nifty 50 closed up more than 2.5% at above 25,700, marking its best performance since May 2025 [2] - Sensex increased by 2.54% to end at 83,739.13, with midcap and small-cap indices gaining nearly 3% [2] US Market Recap - A tech-led selloff caused stocks to retreat from near-record highs, with the S&P 500 dropping 0.8% and the Nasdaq 100 falling 1.6% [3][4] - Concerns over software stocks were heightened by Anthropic's automation tool, impacting investor sentiment [4] - Oil prices rose due to geopolitical risks, while gold rebounded after a significant decline [3] Asian Market Update - Most Asian shares fell following the US tech-led selloff, with Japanese and Australian stocks opening lower [5] - Advanced Micro Devices Inc. shares declined after issuing a disappointing sales forecast [5] Commodity Check - Oil prices increased for a second consecutive session, with West Texas Intermediate nearing $64 per barrel after a 1.7% gain [6] - Gold stabilized after recovering some losses, trading near $4,950 an ounce, having jumped over 6% in the previous session [7] Key Events - The Reserve Bank of India's monetary policy committee meeting is set to start, with an interest rate decision to be announced on Friday [8] Earnings Reports - TCI Express reported a revenue increase of 5.9% to Rs 314.1 crore and a net profit rise of 14.8% to Rs 22.0 crore [11] - Mankind Pharma's revenue grew by 11.5% to Rs 3,567 crore, with a net profit increase of 7.6% to Rs 409 crore [11] - Aditya Birla Capital's total income rose by 13.1% to Rs 12,002 crore, with a profit increase of 10.5% to Rs 945 crore [12] Corporate Actions - NBCC (India) received work orders worth Rs 271.32 crore [26] - Tata Communications' CFO resigned, and Satin Creditcare Network appointed a new CFO [26] - JK Lakshmi Cement announced an increase in expansion project costs from Rs 2,500 crore to Rs 3,000 crore [26] Stocks in News - Aditya Birla Capital approved raising funds via NCDs within an overall borrowing limit of Rs 1,65,000 crore [26] - Varroc Engineering secured a strategic contract with a global EV OEM for AC-bi-directional wall chargers [26] - Shipping Corporation of India signed an MOU to acquire and operate vessels and containers [26]

Reduction of US tariffs on Indian goods from 50 per cent to 18 per cent enhances India's competitive position among emerging markets.Photograph: Amit Dave/ReutersKey PointsFrom the 30 Sensex firms, Adani Ports surged 9.12 per centProminent winners were Bajaj Finance, InterGlobe Aviation, Power Grid, Sun Pharma, Bajaj Finserv and RILTech Mahindra and Bharat Electronics were the only laggardsStock market benchmark indices Sensex and Nifty ended 2.5 per cent higher on Tuesday after India and the US agreed to a ...

Bloomberg BlackRock Inc.’s Global Infrastructure Partners has teamed up with EQT AB in its bid to acquire power company AES Corp., according to people familiar with the matter. The two investment firms could reach an agreement as soon as the coming weeks to buy AES, which provides renewable power to tech giants like Microsoft Corp., said the people. No final decision has been made and the talks could still drag on or fall through, said the people, who asked to not be identified because the matter is priv ...

US stock futures rose on Tuesday as earnings rolled in, with Palantir's (PLTR) outlook fueling faith in AI demand and precious metals jumping to continue their wild ride. Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved up 0.6%, while those on the S&P 500 (ES=F) edged up 0.3%. Dow Jones Industrial Average futures (YM=F) crept into the green after the blue-chip benchmark led gains on Monday with a 500-point advance. The S&P 500 (^GSPC) is eyeing a fresh record after Palantir's (PLTR) surprisingly stro ...

February 1, 2026 08:28 PM GMT We see this as a critical milestone in China's power market reform. In particular, the inclusion of independent ESS arrives ahead of market expectations and potentially incentivizes the upcoming demand upon promising economic returns. We expect provincial capacity tariff policies to accelerate the rollouts post this national notice, and we have already seen provinces like Hubei, Gansu and Inner Mongolia introduce the relevant measures ( Exhibit 1 ). | M Downloaded by Neil.Wang@ ...

Core Viewpoint - Archrock (AROC) is nearing a 52-week high with its share price approaching $30 per share, indicating a potential fair valuation for the company [1]. Company Summary - The rapid increase in Archrock's share price suggests that the company may be reaching a fair valuation based on current market conditions [1]. Industry Context - The article highlights the importance of evaluating equities in the power and energy sectors, emphasizing the potential for long-term investment opportunities in income-producing equities and rental real estate properties [1].