GE's 61.6% Volume Surge Propels It to 33rd in Market Activity as $41M Fuels Schenectady Expansion

On August 19, 2025, General Electric (GE) traded with a volume of 1.87 billion shares, a 61.64% surge from the previous day, ranking 33rd in market activity. Subsidiary GE Vernova (GEV) declined 3.50% despite a $41 million capital infusion into its Schenectady facility, which will expand steam and generator production capacity and create 50 new jobs. The investment includes a $1 million grant from New York’s Excelsior Jobs Program and follows over $130 million in prior upgrades since 2023 at the site.

The expansion will enhance manufacturing of H65 and H84 generators, paired with GE’s HA gas turbines, to meet rising global energy demand. CEO Scott Strazik emphasized the strategic importance of the Schenectady hub, which has been central to GE Vernova’s 130-year operations in New York. The company plans to allocate $720 million in U.S. manufacturing investments through 2028, aligning with a broader $9 billion global capex and R&D initiative announced in late 2024.

State and local officials highlighted the project’s role in advancing clean energy infrastructure and creating high-tech, unionized jobs. Governor Kathy Hochul underscored New York’s commitment to public-private partnerships, while regional leaders praised the investment’s economic and environmental benefits. The Schenectady facility’s expansion is part of a larger trend of U.S. industrial revitalization in energy technology, though immediate market reactions remain cautious amid broader sector volatility.

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