That decline, from the intra-day high on August 4 to the last print in today's afterhours trade is on no news, a situation that can be nerve-wracking. Which is one of the reasons to own companies with sales and earnings and cash flow. The operating metrics provide a measure of comfort.
My best guess as to what is happening is a rotation out of top-performing large caps into small caps which tend to have more domestic-focused—and thus less tariff wars exposed—businesses. The problem with this rotation is, and always has been, that when panic rolls down Wall Street you find the truth of "To whom" the hard way; there is no buyer to whom you can sell at anywhere near the last price print.
So, not having any great insight into why investors/speculators are actually selling the #2 gainer in the S&P 500, here's the U.S. Department of Energy on some stuff GEV is doing in the real world of energy production:
August 13, 2025Researchers at Pacific Northwest National Laboratory are getting their first look at an advanced fuel developed by GE Vernova that could help boost the performance of nuclear power plants and reduce the quantity of spent nuclear fuel.
The assemblies were recently shipped to the lab after spending six years in a commercial reactor as part of the U.S. Department of Energy’s Accident Tolerant Fuel program.
Special Delivery
GE Vernova’s Global Nuclear Fuel (GNF) initially loaded eight assemblies into a commercial reactor for two 24-month cycles of operation and were later relicensed and reinserted into the reactor for continued exposure.
The high burnup fuel rods shipped to the lab include full length and partial length rods — a feature that is unique to boiling water reactor fuels. The fuel pellets inside the rods contain gadolinium, which absorbs neutrons to improve the utilization of the fissile content in the fuel throughout the fuel cycle.
The assemblies were removed in 2023 and recently shipped to PNNL for examination to further evaluate its performance.
“The examination of these rods is the next step in our continuous drive to develop higher efficiency fuels that are safer and more reliable,” said Craig Ranson, Installed Base CEO, GE Vernova Hitachi Nuclear Energy. “We are proud to be part of this collaboration with the U.S. Department of Energy, PNNL and our utility partners to benefit the entire industry.”
“This is a significant milestone for our Accident Tolerant Fuel program,” said Frank Goldner, the Accident Tolerant Fuel federal program manager in the Office of Nuclear Energy. “The development of this fuel could further support the Trump Administration’s executive order to facilitate five gigawatts of power uprates at existing power plants by 2030 and high burnup fuels could be a big part of that....
....MUCH MORE
So while I decide between having a strawberry or taking a nap stuff is getting done.
Most recently on the big dog in the energy transition, August 7:
Nuclear: Hungary Moves Ahead On GE Vernova Hitachi BWRX-300 Small Modular Reactor Project (GEV)