GE Vernova Stock Surges 13.59% in Eight Days, Ranks 32nd in Daily Trading Volume

On May 28, 2025, GE Vernova (GEV) experienced a significant surge in its stock price, rising by 2.86% and marking its eighth consecutive day of gains, with a cumulative increase of 13.59% over the past eight days. The trading volume for GE reached 15.77 billion, placing it at the 32nd position in the daily stock market rankings.

GE Vernova has secured a substantial order for five 7H-Class gas turbines, including three 7HA.03 and two 7HA.02 units, from Técnicas Reunidas and Orascom Construction. This order is part of the Qurayyah Independent Power Plant (IPP) Expansion Project in Saudi Arabia's Eastern Province, where the two companies have formed a 50-50 joint venture to handle the Engineering, Procurement, and Construction (EPC) contract.

In addition to the Saudi Arabia project, GE Vernova has been actively involved in various initiatives aimed at advancing energy solutions and sustainability. The company recently signed a Memorandum of Understanding (MoU) with the Emirates Nuclear Energy Company (ENEC) and GE Vernova Hitachi Nuclear Energy (GVH) to evaluate the deployment of the BWRX-300 Small Modular Reactor (SMR) technology internationally. This collaboration follows a previous MoU signed in 2023 during COP 28, highlighting GE Vernova's commitment to nuclear energy advancements.

GE Vernova's efforts in decarbonization and electrification are also evident in its recent projects. The company's "Power Plant on Wheels" initiative aims to provide fast and reliable power to mitigate shortages in the Caribbean, particularly in The Bahamas. This mobile aeroderivative solution is designed to support peak summer demand and ensure energy security in the region.

Furthermore, GE Vernova is contributing to Norway's grid decarbonization efforts by implementing SF₆-free technology. This initiative underscores the company's dedication to sustainable energy solutions and reducing carbon emissions. Additionally, GE Vernova's technology has been selected by Oglethorpe Power for a new natural gas plant in Monroe County, Georgia, to meet the state's growing electricity demand and ensure energy security.