GE Vernova Stock Climbs Thursday: What's Going On?

Nomura expects GE Vernova T&D India, Hitachi Energy India, and CG Power to benefit from India's Green Energy Corridor Phase-III (GEC-III), citing higher outlay and targets. The government approved GEC-III with a total outlay of Rs 1.9 trillion, aiming to evacuate 135 GW of renewable energy and deploy 50 GWh of battery energy storage systems by FY33. Nomura maintains 'Buy' ratings on all three stocks, anticipating increased demand for transmission equipment and BESS solutions.

GE Vernova (GEV) has received a permit from the U.S. Nuclear Regulatory Commission for a new reactor design. The company's progress in securing regulatory approvals may impact its long-term earnings and risk management, according to Simply Wall St.

The Tennessee Valley Authority (TVA) received the first U.S. permit to build a 300-MW GE Vernova Hitachi BWRX-300 small modular reactor in Tennessee. The Nuclear Regulatory Commission approved the permit in 14 months, allowing TVA to start construction. The reactor uses advanced boiling-water technology and passive safety systems. TVA is negotiating cost-sharing agreements with commercial partners. GE Vernova shares rose 1% following the announcement.

GE Vernova (GEV) shares fell 1% to $953 as data centers opt for faster, smaller turbines. The company reported $5B in data-center orders for H1, exceeding 2025 targets. However, smaller turbines may have 50% higher capital costs per unit of electricity, raising questions about long-term demand.

GE Vernova's BWRX-300 reactor design is approved for construction by the NRC for TVA's 300-megawatt Clinch River unit. The permit sets a completion window between 2031 and 2032, but an operating license is required for fuel loading and power generation. GE Vernova did not disclose equipment pricing or delivery schedule. TVA shares construction start date and cost-sharing details are still under negotiation.

GE Vernova Hitachi Nuclear Energy (GVH) announced the U.S. Nuclear Regulatory Commission issued a construction permit to Tennessee Valley Authority (TVA) for a BWRX-300 small modular reactor at its Clinch River site. This is the first such permit in the U.S. for this reactor type, marking a significant milestone for TVA, GVH, and the U.S. nuclear industry. The BWRX-300 is a 300-MW reactor designed to simplify construction and leverage existing boiling water reactor experience.