GE Vernova Inc GEV shares are trading higher Monday afternoon following the announcement of a major life extension and modernization project for the Dublin Bay power plant in Ireland. In partnership with the Electricity Supply Board, the project aims to enhance performance and support ESB’s Net Zero by 2040 carbon emissions strategy.

GEV is building positive momentum. See the market dynamics here.

What To Know: The upgrade is expected to add nearly 30 megawatts of power, enough to supply an additional 30,000 Irish homes annually. GE Vernova will implement its GT26 High Efficiency upgrade, which is designed to boost efficiency, lower the plant’s carbon intensity and improve grid stability.

GEV Vernova says the modernization will install upgrades with the potential to burn hydrogen blends in the future, assisting ESB’s long-term decarbonization plans. While announced today, GE Vernova noted the order was booked in the first quarter of 2025.

Benzinga Edge Rankings: Highlighting its recent performance, the stock boasts a very strong Benzinga Edge Momentum score of 96.45, reflecting its positive medium and long-term price trends.

GEV Price Action: According to data from Benzinga Pro, GEV shares are trading higher by 2.90% to $598.86 at publication on Monday. The stock has a 52-week high of $677.29 and a 52-week low of $197.38.

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By now, you're likely curious about how to participate in the market for GE Vernova — be it to purchase shares or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of GE Vernova, which was trading at $602.49 at some point on Monday, $100 would buy you 0.17 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way, it allows you to profit from the share price decline.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.