New York, Feb 26, 2026, 14:44 (EST) — Regular session
- GE Vernova shares were down about 1% in afternoon trade after touching a fresh high a day earlier.
- The company’s nuclear joint venture signed a Poland design agreement for its BWRX-300 small modular reactor.
- Investors next focus on GE Vernova’s April 22 quarterly earnings webcast.
GE Vernova Inc shares were down 1.0% at $867.03 at 2:36 p.m. ET, after swinging between $830.70 and $879.55 in the session. The power-equipment maker closed at $876.01 on Wednesday after touching an intraday high of $894.93, and is coming off a 5.8% jump on Tuesday. 1
The dip matters because GE Vernova has been one of the cleanest stock expressions of the “more power for AI” trade — turbines, grid gear, and anything that looks like it ships metal into data centers. When that theme wobbles, the stock tends to move fast, even without company-specific trouble.
The broader tape was not helping. The Nasdaq led declines as the tech rally stalled, with Nvidia down 4.5% despite results that topped expectations; “valuations” are the market’s main issue right now, Jake Johnston, a portfolio manager at Advisors Asset Management, said. 2
GE Vernova also had fresh headlines on the nuclear side. The company said on Tuesday its GE Vernova Hitachi Nuclear Energy venture and Orlen Synthos Green Energy signed a Poland Generic Design Agreement to advance the BWRX-300 small modular reactor — an SMR, a smaller nuclear plant designed to be deployed in modular units. GVH CEO Jason Cooper called OSGE’s planned investment “a game-changer,” while OSGE CEO Rafał Kasprów said the design work would align with Polish regulations and support a multi-site fleet; GE Vernova also said the first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada and the U.S. nuclear regulator is reviewing TVA’s application for a Clinch River project. 3
The backdrop is tight supply across the power chain. A Reuters column this week flagged turbine shortages and slow grid build-outs as constraints on the U.S. AI boom, and said executives at GE Vernova and Siemens Energy have described large-turbine delivery slots as effectively sold out into the late 2020s. 4
That combination — long-cycle projects, limited factory slots, and a market that is suddenly touchy about “priced for perfection” trades — is what traders are wrestling with in GEV.
But the risks are easy to sketch. SMR programs can run into permits, funding delays and schedule slips, and near-term stock moves can still be dominated by broad risk appetite rather than contract signings that take years to turn into revenue.
GE Vernova’s next clear catalyst is its first-quarter earnings webcast on April 22. Investors will look for updates on orders, margins and delivery timing across gas power and grid equipment — and whether management adds anything concrete on the Poland design work and the wider BWRX-300 pipeline. 5
