Constellation Energy's (CEG) venture arm has taken a stake in a reactor development company that is working around a gas-to-nuclear deployment model in coordination with GE Vernova (GEV). The transaction marks Constellation's first equity investment in a U.S. nuclear developer focused on advanced small modular reactors (SMRs).
GE Vernova (NYSE:GEV) shares dropped about 6.4% on Wednesday morning after the power equipment maker's wind segment losses widened even as the company posted stronger-than-expected quarterly revenue and record orders. The company's wind business, its long-standing trouble spot, reported revenue down 10% to $2.03 billion in the second quarter, with the segment's core loss widening to about $275 ...
The stock declined nearly 5% despite the energy company upgrading its guidance for 2026 revenue by $1 billion.
GE Vernova GEV shares fell about 4% in premarket trading on Wednesday after the energy equipment maker narrowly missed Wall Street's profit expectations. The company also warned that global tariffs could increase its costs by as much as $200 million next year, overshadowing stronger revenue growth and another increase in its full-year outlook.
GE Vernova raised its full-year revenue guidance and lifted its margin expectations after a second-quarter surge in orders boosted its backlog.
The maker of power generation equipment raised its 2026 outlook for the second consecutive quarter.
Power equipment maker GE Vernova on Wednesday raised its annual revenue forecast for the second time in a row, as strong power demand accelerated order growth across its power and electrification units.