TOKYO — Shares of Mitsubishi Heavy Industries hit an all time high and eclipsed the 10-trillion-yen ($69 billion) mark on Friday, riding on surging demand for gas turbines.
The demand has been so strong that the Japanese company could not keep up and had to turn down some requests, said CEO Eisaku Ito. As a result, it lost its title as the No.1 supplier of large gas turbines to GE in 2024 after two years on top.
