President Donald Trump and Japanese Prime Minister Sanae Takaichi are set to announce a nuclear project in the southern U.S., part of a bilateral investment fund under a trade pact, Bloomberg’s Josh Wingrove reports. GE Vernova (GEV) and Hitachi (HTHIY) will build BWRX-300 small modular reactors in Tennessee and Alabama, with costs estimated up to $40B, according to the report.
Claim 55% Off TipRanks
Trade GEV with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEV:
- GE Vernova: High-Quality “Hard-Asset SaaS” in Power Generation with Durable, AI-Resistant Growth and Premium Valuation Upside
- GE Vernova, Hitachi to explore deployment of BWRX-300 in Southeast Asia
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 15
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Midday Fly By: Hims & Hers reaches Novo deal, Live Nation settles with DOJ