GE Vernova surges 41.57% in trading volume ranking 37th as it secures major Saudi Arabia power plant contract and unveils FLEXINVERTER upgrades

On June 3, 2025, GE's trading volume reached 17.14 billion, marking a 41.57% increase from the previous day, placing it 37th in the day's stock market rankings. GE Vernova (GEV) rose by 1.61%, marking its third consecutive day of gains, with a total increase of 4.63% over the past three days.

GE Vernova Inc. has secured a significant order to supply five of its advanced 7H-Class gas turbines for Saudi Arabia’s 3 gigawatts (GW) Qurayyah Independent Power Plant Expansion Project. This contract underscores GE Vernova's growing presence in the global energy market and its commitment to providing cutting-edge technology for power generation.

In addition to its recent contract win, GE Vernova has also announced two major upgrades to its FLEXINVERTER platform. The first upgrade introduces a high-efficiency 1.5kV silicon carbide-based solution for battery storage, while the second upgrade expands the platform's capabilities to support a wider range of applications. These enhancements are expected to further solidify GE Vernova's position as a leader in the renewable energy sector.