Power Turbine Stocks Dip as SoftBank Loss Fuels Fears

Shares of GE Vernova Inc. and Bloom Energy Corp. declined on Tuesday following SoftBank Group Corp.'s announcement of a $3.7 billion write-down on data center projects. The write-down was attributed to increased costs and project delays, according to SoftBank's earnings disclosure. The two power equipment firms derive revenue from supplying turbines and fuel cells to data center operators.

• Bloomberg — Power Turbine Stocks Dip as SoftBank Loss Fuels Fears

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