GE Vernova Soars 3.17% on Trump's SMR Push

GE Vernova, a leading American power systems and clean energy company, saw its stock rise by 3.17% in pre-market trading on May 29, 2025. This surge comes amidst a backdrop of significant developments in the nuclear energy sector, which is poised to play a crucial role in the company's future growth.

GE Vernova's CEO, Scott Strazik, highlighted the potential impact of President Donald Trump's executive order aimed at accelerating the deployment of Small Modular Reactors (SMRs) in the U.S. by the end of 2030. This initiative is expected to significantly boost the adoption of SMRs, which are seen as the future of nuclear energy due to their smaller size, modular design, and potential for cost savings and faster construction times.

Strazik noted that Trump's order could lead to the first large-scale construction of SMRs in the U.S. as early as 2027, providing a clear path for these reactors to be integrated into the country's nuclear power grid by the end of 2030 or early 2031. This development is particularly relevant given the growing demand for reliable, low-carbon energy sources, especially from data centers and AI-driven industries.

GE Vernova, which was spun off from General Electric in April 2024, focuses on power systems, wind energy, and electrification solutions. The company is committed to balancing reliability, affordability, and sustainability in the energy sector. The recent executive order and the company's strategic focus on SMRs are expected to drive significant growth in the coming years, positioning GE Vernova as a key player in the nuclear energy renaissance.