GEV · CIK 1996810
What GE Vernova Inc. told the SEC could break it.
GE Vernova's disclosures cluster on input concentration and trade policy. Certain of its inputs are limited or sole-sourced, concentrated among a few suppliers or available primarily from a single country — including semiconductor chips and critical materials such as specialty metals and rare earths — so a supplier failure without timely alternatives could impair its manufacturing. Tariffs cut both ways: global tariffs added roughly $250 million of cost in full-year 2025 after mitigation, and in its Onshore Wind business, where the U.S. is about 60% of equipment backlog, sector-specific tariffs and production-tax-credit changes are driving short-term demand volatility. Its production is also globally dispersed, with 73 of its 91 manufacturing sites located outside the U.S.
4 self-disclosed vulnerabilities, pulled from its own filings — each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Regulatory & policy
- Onshore Wind U.S. ~60% of equipment RPO exposed to sector tariffs and production tax creditsmedium
The U.S. market represents approximately 60% of GE Vernova's Onshore Wind equipment RPO, and sector-specific tariffs and production-tax-credit changes are increasing short-term demand volatility, with risk that government actions adversely impact wind turbine manufacturers.
“The U.S. market currently represents approximately 60% of Onshore Wind's equipment RPO. This market has seen various changes related to sector-specific tariffs and p roduction tax credits , increasing short-term demand volatility.”
SEC filing →As of 2026 - global tariffs — ~$250M full-year 2025 cost impactmedium
Global tariffs imposed by the U.S. and other countries in 2025 resulted in additional costs of approximately $250 million for full-year 2025 (after contractual protections and mitigating actions), with future impacts potentially significantly different and uncertain.
“The total cost impact from the global tariffs for the full year 2025 was approximately $250 million , after taking into consideration contractual protections and mitigating actions.”
Commodity & input dependence
- sole-sourced/single-country inputs — semiconductor chips, specialty metals, rare earthshigh
Certain GE Vernova inputs are limited or sole-sourced, concentrated with a small number of suppliers, or primarily available from a single country — including semiconductor chips and critical materials such as specialty metals and rare earths; supplier failure without timely cost-effective alternatives could impair manufacturing.
“Certain inputs are limited or sole-sourced, concentrated with a small number of suppliers, or primarily available from a single country, including semiconductor chips and critical materials (such as specialty metals and rare earths).”
Geographic concentration
- 73 of 91 manufacturing sites located internationally across 97 countrieslow
GE Vernova operates 91 manufacturing sites — 73 internationally and 18 in the U.S. — across ~600 sites in 97 countries, concentrating production outside the U.S. and exposing it to global regulatory, trade and operational risk.
“GE Vernova's subsidiaries operate 91 manufacturing sites, 18 of which are located in the U.S. and 73 are located internationally.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings — including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
“GE Vernova accounted for approximately 12.2% of our consolidated revenues in 2025 up from 10.8% of consolidated revenues in 2024.”
Cited →
In the MyPRIA app, this is checked against the companies you actually own.
← World Watch