Leadership Shakeup And New Grid Deals Might Change The Case For Investing In GE Vernova (GEV)

Rivian (RIVN) CFO Claire McDonough is leaving to join GE Vernova (GEV) as CFO in 2027. Rivian's stock is down 75% from IPO, now near $17, as it ramps up R2 SUV production. GE Vernova reported Q2 revenue of $11.1B and adjusted EBITDA of $1.2B. Rivian's hedge fund ownership concentration is 7.9%.

GE Vernova signed a deal to supply 16 6.1MW wind turbines to Scotland's Chleansaid wind farm, with a 20-year maintenance agreement. The project, ESB's first self-developed onshore wind farm in Scotland, aligns with the UK's renewable energy goals. GE Vernova's split-blade technology aims to improve logistical efficiency. Meanwhile, Korea Western Power hosted a technology exchange to enhance gas turbine maintenance expertise, focusing on internal research and advanced technologies like AI and dig

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.