Why did GE Vernova's operating profit surge in Q4 2024?

GE Vernova's operating profit surge in Q4 2024 can be attributed to several key factors:

1. Strategic Collaborations: The company's enhanced strategic alliance with Amazon Web Services (AWS) is expected to bring significant benefits. The collaboration includes the use of GEV's Asset Performance Management and CERius software on the AWS Cloud, which is likely to improve efficiency and profitability.
2. Power Segment Growth: The Power segment has seen strong double-digit orders and revenue growth, driven by increased demand for gas turbines and related services. This trend is part of a potential "super-cycle" for gas turbines that analysts anticipate over the next decade.
3. Electrification Segment Strength: The Electrification segment achieved a 24% revenue increase, marking the first time the segment reached double-digit EBITDA margins. This segment's performance is a testament to GE Vernova's ability to capitalize on the growing trend of grid modernization and electrification.
4. Wind Segment Improvement: Despite past challenges, the Wind segment is projected to return to profitability in Q4 2024. GE Vernova has addressed inefficiencies and is optimistic about the future of its offshore wind operations.

These factors, among others, have contributed to GE Vernova's improved operating profit in Q4 2024, reflecting the company's strategic direction and operational effectiveness.