Gas Turbine Prices Are on Track to Nearly Triple. These Stocks Are Cashing In.

Studsvik AB, a Swedish nuclear services company, agreed with GE Vernova Hitachi (GVH) and Samsung C&T to build 1.2 GW of nuclear energy using the BWRX-300 reactor design. The project, targeting operation in the mid-2030s, will be developed at one of two sites. Studsvik, with a market cap under $200M and 2025 revenue under $100M, acquired Kärnfull Next earlier this year, entering reactor development. This follows GE Vernova's loss to Rolls-Royce in a prior Swedish nuclear project.

Studsvik, GE Vernova Hitachi Nuclear Energy, Samsung C&T, and others agreed to advance a 1.2 GW nuclear project in Sweden, with the first unit expected in the mid-2030s. The project will involve four BWRX-300 units at either Nyköping or Valdemarsvik. Studsvik leads permitting, while GE Vernova Hitachi and Samsung C&T handle engineering and construction.

Constellation Energy (CEG) secured 30% of its nuclear output in long-term contracts, BWXT's backlog surged 40% to $8.4B, and GE Vernova's backlog reached $176B. CEG, BWXT, and GEV operate in distinct segments of the nuclear power supply chain, with unique cash flow profiles. CEG's Q2 EPS was $2.55, and full-year guidance was raised to $11.50-$12.50. BWXT's Q2 revenue was $902M, up 18% YoY, and GE Vernova's Q2 bookings hit $24.2B, up 88% YoY.

GE Vernova (GEV) reported $38B revenue in 2025, expecting $45.5B-$46.5B in 2026. Q2 2026 saw $24.2B orders, up 88%, with a $176B backlog. Growth driven by power, electrification, and AI-related demand. Challenges include wind business losses and valuation concerns. Management targets 20% EBITDA margin by 2028.

Studsvik chose GE Vernova Hitachi Nuclear Energy and Samsung C&T as partners for a 1.2-gigawatt nuclear project in Sweden. The partners will help develop a new facility at an existing or new site, aiming to boost Sweden's nuclear energy capacity. The decision followed a competitive evaluation process.

The global power-equipment industry is experiencing a boom driven by AI, data centers, and renewable energy. Companies like GE Vernova, Siemens Energy, Eaton, and Schneider Electric are expanding capacity and reporting strong demand. GE Vernova's backlog reached $176 billion, while Siemens Energy committed $1 billion to US manufacturing. Eaton's global backlog surged 103%, and Schneider Electric reported €11.459 billion in Q2 2026 revenue.