GE Shares Dip Despite Major Schenectady Investment Expansion as 910M Trading Volume Ranks 89th

General Electric (GE) fell 0.94% on August 19, 2025, with a trading volume of $0.91 billion, ranking 89th in the market. The decline occurred despite the company announcing a $41 million investment in its Schenectady facility to expand generator production. The project, supported by a $1 million state grant, aims to create 50 new jobs over two years and enhance manufacturing capabilities for H65 and H84 generators, which pair with the firm’s HA gas turbines.

The investment builds on over $130 million in prior Schenectady-related projects since 2023, including a $50 million facility expansion in 2023 that generated 200 jobs and an $80 million allocation this January for gas power and onshore wind work. CEO Scott Strazik emphasized the move aligns with global energy demand growth, stating the initiative will strengthen gas power capacity and support long-term energy needs. New York Governor Kathy Hochul highlighted the partnership as a catalyst for clean energy innovation and regional economic growth.

GE Vernova’s broader 2025 plans include $720 million in U.S. manufacturing investments and 1,800 new jobs, part of a $9 billion global capital and R&D strategy through 2028. The Schenectady expansion underscores the company’s commitment to its 130-year legacy in New York, where it operates gas power, onshore wind, and advanced research divisions. Local leaders praised the project for reinforcing the state’s role in sustainable energy development and creating high-quality employment opportunities.

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