GE loses USD 151m from wind division

Uncertainty, supply chain pressure and delays among customers all factor into dwindling profits from onshore wind for the US-based OEM, still showing losses on offshore wind and now downgrading its full-year guidance.

BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN

In a general sense, performance has for once completely exceeded expectations for General Electric. Three quarters into the year, the US industrial conglomerate upgrades its financial outlook on both top and bottom lines as well as free cash flow – with one small exception.

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