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GE Vernova Stocks Sink 3.4% Despite First U.S. Small-Reactor Permit
GuruFocus ·
GuruFocus reports: GE Vernova , the power-equipment and grid-technology company, moved closer to deploying its small nuclear reactor in the United States, while shares fell 3.42% to $994 at 11.44am EST in October 7 trading. TVA's construction permit for Clinch River clears a major regulatory hurdle. But permission to build is only one step toward turning the technology into a commercial business. GE Vernova's September 29 announcement identifies the approval as the first U.S. construction…