GE Vernova Stock Poised for Explosive Rally After $5.3B Deal and AI-Powered Energy Boom
GE Vernova (NYSE: GEV) – the energy spinoff of GE – is set to report Q3 results on Oct. 22 amid a flurry of bullish catalysts. The company announced on Oct. 21 it will pay $5.275 billion for the remaining 50% of transformer maker Prolec GE, fueling its fastest-growing Electrification segment gevernova.com reuters.com. At the same time, GE Vernova’s nuclear division struck a global alliance with Samsung/Hitachi to deploy its 300 MWe BWRX-300 small modular reactor (SMR) – including a proposed five-unit deal in Sweden ts2.tech ts2.tech. These deals come as U.S. power demand is surging (driven by AI data centers