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NEW YORK - GE Vernova’s MDS Orbit industrial wireless platform is now available on Verizon’s network, the companies announced Friday, offering utilities a new solution for monitoring and managing electrical grid infrastructure. GE Vernova, a prominent player in the Electrical Equipment industry with a market capitalization of $165 billion and annual revenue exceeding $36 billion, has seen remarkable growth with a 138.5% return over the past year. According to InvestingPro analysis, the company currently trades above its Fair Value, reflecting strong investor confidence in its market position.
The platform provides utilities with communication capabilities for supervisory control and data acquisition (SCADA), automation, and workforce mobility applications. By integrating with Verizon’s cellular network, the solution aims to help utility companies secure their networks and assets while modernizing grid operations. GE Vernova maintains a strong financial position, with more cash than debt on its balance sheet, enabling continued investment in innovative solutions. For detailed insights into GE Vernova’s financial health and growth prospects, including 14 additional ProTips, visit InvestingPro.
"The energy grid is undergoing a massive transformation, and utilities require reliable and flexible communications to manage this evolution," said Jim Kilmer, VP, Global Enterprise Americas at Verizon Business.
Mitesh Parikh, Product Line Leader at GE Vernova, noted that as utilities accelerate digital transformation, they need communication platforms that are "resilient, intelligent, secure and efficient."
The collaboration builds on an existing partnership between Verizon (NYSE, Nasdaq:VZ) and GE Vernova (NYSE:GEV), combining Verizon’s wireless technology with GE Vernova’s industrial expertise.
The announcement comes as utility companies face increasing pressure to modernize aging infrastructure while improving resilience and efficiency. The joint offering is designed to support utilities’ transition toward more sustainable energy systems.
According to the press release statement, the MDS Orbit platform provides a communications backbone that can support various critical utility applications, though specific performance metrics were not detailed.
In other recent news, GE Vernova announced that its Board of Directors has declared a quarterly dividend of $0.25 per share, payable on November 17, 2025, to shareholders of record as of October 20, 2025. Meanwhile, TPG has agreed to acquire GE Vernova’s Proficy manufacturing software business for $600 million, with the possibility of additional proceeds depending on future outcomes. This transaction will transform Proficy into a standalone software entity, serving over 20,000 customers in the manufacturing and infrastructure sectors.
In analyst updates, Jefferies has lowered its price target for GE Vernova to $658 from $668, maintaining a Hold rating, and anticipates a subdued third quarter. In contrast, Baird has maintained an Outperform rating with a $706 price target, emphasizing the potential of aeroderivative turbines to enhance the company’s Gas business. Melius Research upgraded GE Vernova’s stock rating to Buy, citing improved fundamentals and setting a price target of $740. These developments reflect diverse perspectives on GE Vernova’s future performance.
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