On Tuesday, GE Vernova Hitachi Nuclear Energy, a unit of GE Vernova Inc. (NYSE:GEV), signed a Main Services Agreement with Sweden-based AFRY to support the deployment of its BWRX-300 small modular reactor (SMR) technology in Europe. AFRY will provide engineering and advisory services and assist with licensing efforts in Sweden.

The collaboration aims to strengthen a European industrial ecosystem around SMRs and enable local industries to tap into growing nuclear energy opportunities.

The BWRX-300 continues to gain global traction, with construction underway in Canada and regulatory review progressing in the United States, supporting GE Vernova’s broader push to scale SMR deployment worldwide.

GE Vernova Technical Levels

At $889.99, the stock is trading 3.4% above its 20-day simple moving average, indicating near-term trend support remains intact. It is also trading 22.6% above its 100-day SMA, signaling the intermediate trend remains firmly higher.

Moving average convergence divergence (MACD), a trend/momentum measure, is narrowly positive with the MACD line at 19.4271 versus the 19.4014 signal line, which leans slightly bullish but also hints momentum is ...