GEV
GE Vernova
Portfolio weight
Not currently held
This position has been exited. The analysis below is kept as a record of the reasoning at the time and is not maintained as current research. See the Decision Log for the full decision history.
Exited in favor of more focused nuclear exposure
This was never a large position. Constellation was preferred as a more direct way to hold the same view.
GE Vernova sells equipment across several generation technologies, so a view specifically about nuclear economics arrives diluted. Rotating into an operator of existing reactors expressed that view without the rest.
Relative valuation
Forward P/E
Valuation data pending
Direct-peer average
Pending
Versus its own history
Historical forward-P/E series pending. Maintained by hand in data/fundamentals/manual.ts. No free, reliable source exists for consensus estimates, so nothing is inferred here.
Strategic competitors
never averaged
Competing for the same customers or budget, but too different financially for their multiple to say much about this holding.
CEG
Constellation Energy
51% similar
fwd P/E pending
Excluded from peer average: competes for the same demand, but a different financial profile
TLN
Talen Energy
48% similar
fwd P/E pending
Excluded from peer average: competes for the same demand, but a different financial profile
NRG
NRG Energy
48% similar
fwd P/E pending
Excluded from peer average: competes for the same demand, but a different financial profile
VST
Vistra
47% similar
fwd P/E pending
Excluded from peer average: competes for the same demand, but a different financial profile
Selected by weighted similarity across business model, revenue model, products, end markets, customer type, capital intensity, growth, margins and geography. Direct peers score ≥55% and sit within 2 diversification steps; only they feed the peer average.