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GE Vernova wins nuclear fuel contract extension through 2035

Tue, 10 Mar 2026 08:14:50 -0400

GE Vernova (NYSE: GEV) announced that its Global Nuclear Fuel alliance has secured a contract extension with Entergy to supply fuel for the Grand Gulf and River Bend Station nuclear power plants through 2035.

The agreement extends the current fuel supply contract and includes four reloads of the new GNF4 fuel design. Global Nuclear Fuel, a GE Vernova-led alliance with Hitachi, Ltd., has provided fuel for these plants continuously since 2008.

Lead use assemblies of GNF4 will be loaded into River Bend in 2027, with GNF4 reloads scheduled for Grand Gulf in 2030 and River Bend in 2031. The fuel will be

GE Vernova wins nuclear fuel contract extension through 2035

Tue, 10 Mar 2026 08:14:50 -0400

Lead use assemblies of GNF4 will be loaded into River Bend in 2027, with GNF4 reloads scheduled for Grand Gulf in 2030 and River Bend in 2031. The fuel will be

GE Vernova invests $200 million for Vietnam manufacturing facility

Tue, 10 Mar 2026 06:09:32 -0400

GE Vernova (NYSE: GEV) announced a $200 million investment to establish a new manufacturing facility in Hai Phong, Vietnam, expanding capacity within its Electrification segment.

The facility will manufacture large power transformers primarily for High-Voltage Direct Current projects, complementing existing HVDC transformer manufacturing sites in Stafford, UK, and India. The investment is part of GE Vernova's planned $11 billion in capital expenditures and research and development spending from 2025 through 2028.

The Hai Phong facility is planned for phased development with full operations expected in 2028, subject to regulatory approvals. The project is expected to create approximately 450 jobs by 2030, with

GE Vernova invests $200 million for Vietnam manufacturing facility

Tue, 10 Mar 2026 06:09:32 -0400

GE Vernova (NYSE: GEV) announced a $200 million investment to establish a new manufacturing facility in Hai Phong, Vietnam, expanding capacity within its Electrification segment.

The Hai Phong facility is planned for phased development with full operations expected in 2028, subject to regulatory approvals. The project is expected to create approximately 450 jobs by 2030, with

Rothschild Redburn Double Upgrades GE Vernova (GEV) to Buy

Mon, 09 Mar 2026 04:51:39 -0400

Rothschild Redburn analyst Simon Toyne upgraded GE Vernova (NYSE: GEV) from Sell to Buy with a price target of $1,100.00 (from $560.00).

The analyst comments: "Since our cautious October 2025 report, demand indicators for AI and gas turbines have accelerated sharply. Order margins for new gas turbines and service are nearly double the levels we assumed in October 2025. Our new EBITDA forecast for GE Vernova in 2028 is 47% ahead of current consensus and 52% ahead of current floor guidance. This reflects a Power EBITDA margin exceeding 30% in 2028 versus current floor guidance of 22%. Underpinning these estimates, we

Rothschild Redburn Double Upgrades GE Vernova (GEV) to Buy

Mon, 09 Mar 2026 04:51:39 -0400

Rothschild Redburn analyst Simon Toyne upgraded GE Vernova (NYSE: GEV) from Sell to Buy with a price target of $1,100.00 (from $560.00).

Vertiv Holdings, Lumentum Holdings, Coherent, and EchoStar Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600