Why GE Vernova Stock Crushed it on Wednesday
Wednesday was a forgettable day for many stocks, but GE Vernova (NYSE: GEV) was an outlier. The engineering company's shares bounced nearly 5% higher, on news of progress in a crucial project in which it's involved. That rise stood out on a day when the benchmark S&P 500 index slumped by 0.5%. Nuclear energy developer Blue Energy announced it had submitted the initial part of its application for a construction permit for a project in Texas. That application, filed with the U.S. federal government's Nuclear Regulatory Commission (NRC), covers the first small modular reactor (SMR) planned for a natural gas-and-nuclear power plant. Image source: Getty Images. Continue reading