GE Surges to 18th in Trading Volume as Spin-Off GE Vernova Slumps 5.43% Amid Energy Transition Bet

On September 2, 2025, General Electric (GE) recorded a trading volume of $3.05 billion, surging 118.32% from the previous day and ranking 18th in market activity. Meanwhile, its spin-off entity GE Vernova (GEV) declined 5.43% in value.

GE Vernova’s stock has become a focal point for institutional investors since its April 2024 separation from GE. The energy infrastructure firm, which specializes in power generation and grid equipment, has seen its valuation expand from $37 billion to $156 billion. Analysts attribute its year-to-date 87% rally to surging demand for electricity driven by artificial intelligence infrastructure. Morningstar equity analyst Brett Castelli highlighted that GE Vernova’s leadership in gas turbine technology and grid components like transformers positions it as a key beneficiary of the energy transition.

Institutional exposure to GE Vernova has grown significantly. The First Trust US Equity Opportunities ETF holds 10.5% of its assets in the stock, making it the largest single position. The fund’s 26.3% return in 2025 was bolstered by GE Vernova’s 5.6 percentage point contribution. Similarly, the Marsico Midcap Growth Focus Fund allocated 5.1% to GE Vernova, with the stock accounting for 3.6 points of its 22.6% total return. Fidelity’s Matt Fruhan also maintains substantial weightings across four large-cap blend funds, with GE Vernova comprising 4.4% of each portfolio.

Performance data from Morningstar Direct indicates that 442 of 2,005 screened funds hold GE Vernova stock. The stock’s largest institutional ownership is concentrated in mid-cap growth and large-blend categories, where it represents 0.3-0.5% of benchmark indices. Fruhan’s strategies emphasize GE Vernova’s undervalued earnings potential and operating margin expansion, with the Fidelity Advisor Capital Development Fund attributing 2.8 percentage points of its 17.2% annual return to the stock.

Backtesting results show that the First Trust US Equity Opportunities ETF derived 5.6 percentage points of its 2025 gains from GE Vernova, trailing only Palantir’s 6.5-point contribution. The Marsico Midcap Growth Focus Fund attributed 3.6 points of its 22.6% return to GE Vernova, while Fidelity’s large-cap blend funds credited 2.8 points to the stock out of 18% total gains. These figures underscore the strategic importance of GE Vernova in portfolio construction amid the AI-driven energy demand surge.