On June 18, GE Vernova rose 4.48% in regular trading, trading at $1094.43/share, with turnover of $733 million.

On the news front, the company previously announced a significant expansion of its share buyback program from $6 billion to $10 billion, while simultaneously doubling its dividend to $0.50 per share. This aggressive capital return plan has been sustaining market confidence since June 11, effectively offsetting bearish sentiment triggered in late May when CEO Scott Strazik expressed concerns about the pace of AI data center project deployment at the Bernstein Annual Strategy Conference.

Additionally, global gas turbine supply-demand conditions remain exceptionally tight, with major manufacturers reporting delivery timelines extended to 2029-2030. This industry-wide order backlog provides robust support for the company's medium-to-long-term growth outlook. Separately, GE Vernova Hitachi Nuclear Energy signed an early engineering agreement with Elementl Power to deploy BWRX-300 small modular reactor technology, further diversifying its energy portfolio.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)