GE Vernova, Other Power Stocks Weigh on the S&P 500
Key Takeaways
- GE Vernova was the S&P 500’s second-biggest decliner Tuesday afternoon.
- Nuclear-power forms Constellation and Vistra were also seeing substantial declines.
- Shares of all three companies are still up significantly over the past 12 months as AI has driven up demand for energy.
GE Vernova (GEV) was the second-worst-performing stock in the S&P 500 Tuesday afternoon, eating into the company’s strong 2025 gains.
The energy-industry products and services company’s shares were recently down about 7%, while nuclear energy providers Constellation (CEG) and Vistra (VST) fell 5% apiece. Fellow nuclear firm Oklo (OKLO), which is not part of the S&P 500, shed more than 7%.
The major U.S. indexes were in retreat Tuesday. Read Investopedia’s full coverage of today’s trading here.
Today’s moves run counter to the trend seen in recent months. GE Vernova stock has nearly tripled over the past 12 months as the rise of artificial intelligence has driven up demand for energy; its shares are up roughly 50% this year. Constellation shares have more than doubled over the past 12 months, while Vistra is up more than 50%.
GE Vernova is in talks to potentially sell its industrial software business, Proficy, according to a Friday report from Bloomberg. Proficy could sell for $900 million to $1 billion, the report said, citing sources familiar with the matter.
GE Vernova did not respond to Investopedia’s request for comment in time for publication.