U.S. Stock Movement: GE Vernova surges on October 1 driven by Hitachi nuclear power, data center electricity, and dividends

GE Vernova October 1st: Analysis of Surge

Keywords: Hitachi Nuclear Power, Data Center Electricity, Dividend

1. On September 29, 2026, the U.S. Nuclear Regulatory Commission approved the construction permit for a new type of reactor jointly designed by GE Vernova and Hitachi. The project is located at the Tennessee Valley Authority site, advancing the company’s nuclear power equipment and service business implementation.

2. Recently, company management stated that the backlog of orders is expected to reach $200 billion by early 2027. The company’s power business received 40 GW in orders in the first half of the year, and management noted that the guidance of 20 GW in orders for the second half might be conservative. The wind power business is also at a turning point for profitability.

3. On September 30, 2026, the company’s board of directors announced the distribution of the fourth quarter 2026 dividend of $0.50 per share, which will be paid on November 24, with the record date set for October 27.

(Disclaimer: This content is summarized from publicly available information using AI technology and is for reference only. It does not constitute investment advice.)