GE Vernova Shares Fall After Another Offshore Wind Blade Failure

GE Vernova Inc. shares slumped almost 7% on Friday after one of its turbine blades failed at an offshore wind farm near England, the latest in a string of accidents involving its equipment that have damaged public acceptance of the struggling industry.

The failure occurred Thursday morning on an installed GE Vernova turbine at the Dogger Bank wind farm off the northeast coast of England, according to a notice on the project website. No one was injured and the cause is under investigation. A GE Vernova representative confirmed Thursday’s incident in an emailed statement.

The same facility in May ...