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    General Fusion (GFUZ)

    Market Price (8/1/2026): $9.89 | Market Cap: $798.4 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

    General Fusion (GFUZ)

    Market Price (8/1/2026): $9.89
    Market Cap: $798.4 Mil
    Sector: Industrials
    Industry: Industrial Machinery & Supplies & Components

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Megatrend and thematic drivers
    Megatrends include Energy Transition & Decarbonization. Themes include Fusion Energy Development.

    Weak multi-year price returns
    2Y Excs Rtn is -45%, 3Y Excs Rtn is -72%

    High stock price volatility
    Vol 12M is 222%

    Key risks
    GFUZ key risks include [1] failure to complete an initial business combination, Show more.

    0 Megatrend and thematic drivers
    Megatrends include Energy Transition & Decarbonization. Themes include Fusion Energy Development.
    1 Weak multi-year price returns
    2Y Excs Rtn is -45%, 3Y Excs Rtn is -72%
    2 High stock price volatility
    Vol 12M is 222%
    3 Key risks
    GFUZ key risks include [1] failure to complete an initial business combination, Show more.

    Valuation & Metrics

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    AI Analysis | Feedback

    MetricValueDateSource
    Number of Plasma Experiments Conductedmore than 200,0007132026Link
    Number of Patents (Issued and Pending)2107132026Link
    Electron Temperature Achievedapproximately 8.4 million degrees Celsius, or 0.72 keV7132026Link
    Number of Peer-Reviewed Publications35+7132026Link
    Large-Scale Machine OperatingLM26 demonstration machine built and operating in Vancouver7132026Link

    Price Chart

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    No Events

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    GFUZ Return------15%-15%
    Peers Return-1%-10%32%33%11%94%239%
    S&P 500 Return27%-19%24%23%16%9%98%

    Monthly Win Rates [3]
    GFUZ Win Rate-----0% 
    Peers Win Rate25%21%33%27%29%31% 
    S&P 500 Win Rate75%42%67%75%67%43% 

    Max Drawdowns [4]
    GFUZ Max Drawdown------ 
    Peers Max Drawdown-11%-20%-11%-10%-15%-34% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: GGG, GHM, CEPL, EROC, FISN.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 7/31/2026 (YTD)

    How Low Can It Go

    GFUZ has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

    EventXLIS&P 500
    2025 US Tariff Shock
      % Loss-15.8%-18.8%
      % Gain to Breakeven18.8%23.1%
      Time to Breakeven34 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-11.7%-9.5%
      % Gain to Breakeven13.2%10.5%
      Time to Breakeven45 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-20.1%-24.5%
      % Gain to Breakeven25.1%32.4%
      Time to Breakeven125 days427 days
    2020 COVID-19 Crash
      % Loss-41.6%-33.7%
      % Gain to Breakeven71.2%50.9%
      Time to Breakeven231 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-23.7%-19.2%
      % Gain to Breakeven31.1%23.8%
      Time to Breakeven120 days105 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-11.1%-12.2%
      % Gain to Breakeven12.5%13.9%
      Time to Breakeven51 days62 days

    Compare to GGG, GHM, CEPL, EROC, FISN

    In The Past

    State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    GFUZ has limited trading history. Below is the Industrials sector ETF (XLI) in its place.

    EventXLIS&P 500
    2022 Inflation Shock & Fed Tightening
      % Loss-20.1%-24.5%
      % Gain to Breakeven25.1%32.4%
      Time to Breakeven125 days427 days
    2020 COVID-19 Crash
      % Loss-41.6%-33.7%
      % Gain to Breakeven71.2%50.9%
      Time to Breakeven231 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-23.7%-19.2%
      % Gain to Breakeven31.1%23.8%
      Time to Breakeven120 days105 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-22.5%-17.9%
      % Gain to Breakeven29.0%21.8%
      Time to Breakeven114 days123 days
    2008-2009 Global Financial Crisis
      % Loss-60.5%-53.4%
      % Gain to Breakeven153.2%114.4%
      Time to Breakeven700 days1085 days

    Compare to GGG, GHM, CEPL, EROC, FISN

    In The Past

    State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About General Fusion (GFUZ)

    General Fusion (GFUZ) is a blank check company, also known as a Special Purpose Acquisition Company (SPAC). Its primary business is to identify and acquire an existing private company through a merger, share exchange, or similar business combination, effectively taking that private company public. Currently, GFUZ does not operate any businesses, nor does it have specific products or services, as it has not yet completed an acquisition.

    The company's strategy is to focus on acquisition targets within the natural resources and decarbonization industries. It plans to leverage its management team's extensive experience in these sectors. Specific areas of interest for potential target companies include energy resources (such as oil and gas exploration and production, oilfield services, and biofuels) and metals and mining (including critical metals like rare earths and uranium).

    Additionally, GFUZ is seeking opportunities in various decarbonization themes, such as clean energy generation (including nuclear, hydrogen, solar, and wind), energy storage, grid infrastructure technologies, resource optimization, carbon capture, environmental services (like waste management and recycling), and advanced transportation solutions like electric and autonomous vehicles. The company aims to execute a transformative business combination within these focus industries.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    • Facilitating a Business Combination: GFUZ is a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, acquisition, or similar business combination with one or more operating businesses.

    AI Analysis | Feedback

    Based on the provided description, General Fusion (GFUZ) is a blank check company (SPAC) that has recently been incorporated for the purpose of effecting a business combination with one or more businesses or entities. The company explicitly states that it has not yet selected any potential business combination target and has not had any substantive discussions with potential targets.

    Therefore, General Fusion (GFUZ) does not currently have any major customers, as it has not yet acquired an operating business and is not generating revenue.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Christopher Sorrells – Chairman of the Board & Chief Executive Officer Mr. Sorrells has served as Chairman and Chief Executive Officer for Spring Valley Acquisition Corp. III since its inception in 2025. He also holds these roles for Spring Valley II and IV, and previously served as CEO and a director of Spring Valley I until its merger with NuScale Power in May 2022, at which point he joined NuScale Power's board. Mr. Sorrells has over 30 years of experience as an investor, operator, advisor, and board member in the natural resources and decarbonization industries. He was a Managing Director and Operating Partner at NGP Energy Technology Partners (NGP ETP), an affiliate of Natural Gas Partners (NGP), a private equity fund with $25 billion in capital commitments, where he helped grow it into a successful decarbonization-focused fund. This demonstrates a pattern of managing companies backed by private equity firms. Mr. Sorrells also served as Lead Director and Chairman of the compensation committee for Renewable Energy Group, Inc. (REGI) until its $3.1 billion merger with Chevron Corporation in June 2022, having previously led a $100 million financing to establish REGI in 2006. He currently serves as Managing Director of Pearl Energy Investments, a private equity fund. Jeffrey Schramm – Chief Financial Officer Mr. Schramm serves as the Chief Financial Officer for Spring Valley Acquisition Corp. III. Robert Kaplan – Chief Operating Officer & Head of Business Development Mr. Kaplan has served as Chief Operating Officer and Head of Business Development for Spring Valley Acquisition Corp. III since June 2025. He previously held the position of Chief Financial Officer for Spring Valley II since its inception in January 2021.

    AI Analysis | Feedback

    Key Risks to General Fusion (GFUZ)

    1. Inability to complete an initial business combination
    2. Reliance on management team to identify and execute a business combination
    3. Lack of an operating business and revenue

    AI Analysis | Feedback

    • Increased competition for attractive acquisition targets within the natural resources and decarbonization industries, potentially driving up target valuations or making it difficult to secure a suitable business combination.
    • Deteriorating investor sentiment towards blank check companies (SPACs) generally, leading to higher shareholder redemptions or challenges in securing additional financing, which could hinder General Fusion's ability to complete its initial business combination.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    The user prompt contained outdated information about General Fusion (GFUZ). Based on current market information, General Fusion Group Ltd. (GFUZ) completed its business combination with Spring Valley Acquisition Corp. III and began trading on Nasdaq on July 13, 2026. General Fusion is an energy company focused on developing nuclear fusion power technology. The company aims to build a fusion power plant, with a target for a first pilot plant by approximately 2035. As of its Nasdaq debut, General Fusion has "yet to generate revenue from its core technology" and is in the research and development phase, with its LM26 demonstration machine targeting key technical milestones by 2028. Given that the company is pre-revenue from its core technology and its first pilot plant is targeted for 2035, it is not possible to identify 3-5 expected drivers of future revenue growth over the next 2-3 years in the traditional sense (e.g., price increases, growth in customers, expansion to new markets, new product launches). The company is currently focused on technological development and achieving scientific milestones, which are prerequisites for future commercialization and revenue generation rather than direct drivers of short-term revenue growth. Therefore, the request cannot be accurately fulfilled.

    AI Analysis | Feedback

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    Peer Comparisons

    Peers to compare with:

    Financials

    GFUZGGGGHMCEPLEROCFISNMedian
    NameGeneral .Graco Graham Capstone.ERock Deep Fis. 
    Mkt Price10.0979.3895.907.7310.269.4110.18
    Mkt Cap-13.01.1--0.61.1
    Rev LTM-2,267245106--245
    Op Inc LTM-622153--15
    FCF LTM-629-0-3---0
    FCF 3Y Avg-5668---287
    CFO LTM-67316-3--16
    CFO 3Y Avg-65723---340

    Growth & Margins

    GFUZGGGGHMCEPLEROCFISNMedian
    NameGeneral .Graco Graham Capstone.ERock Deep Fis. 
    Rev Chg LTM-4.6%16.9%23.9%--16.9%
    Rev Chg 3Y Avg-1.2%16.0%13.9%--13.9%
    Rev Chg Q-3.3%13.0%-15.0%--3.3%
    QoQ Delta Rev Chg LTM-0.8%3.3%-3.7%--0.8%
    Op Inc Chg LTM-7.8%-1.1%160.9%--7.8%
    Op Inc Chg 3Y Avg-0.9%190.7%68.7%--68.7%
    Op Mgn LTM-27.4%6.1%3.2%--6.1%
    Op Mgn 3Y Avg-27.7%5.7%-8.9%--5.7%
    QoQ Delta Op Mgn LTM-0.6%-1.4%0.2%--0.2%
    CFO/Rev LTM-29.7%6.5%-2.4%--6.5%
    CFO/Rev 3Y Avg-29.9%11.1%---20.5%
    FCF/Rev LTM-27.8%-0.0%-3.2%---0.0%
    FCF/Rev 3Y Avg-25.7%4.2%---15.0%

    Valuation

    GFUZGGGGHMCEPLEROCFISNMedian
    NameGeneral .Graco Graham Capstone.ERock Deep Fis. 
    Mkt Cap-13.01.1--0.61.1
    P/S-5.74.3---5.0
    P/Op Inc-20.970.6---45.7
    P/EBIT-19.870.6---45.2
    P/E-24.484.8---54.6
    P/CFO-19.366.5---42.9
    Total Yield-5.6%1.2%---3.4%
    Dividend Yield-1.5%0.0%--0.0%0.0%
    FCF Yield 3Y Avg-4.3%2.4%---3.3%
    D/E-0.00.0--0.00.0
    Net D/E--0.00.0---0.1-0.0

    Returns

    GFUZGGGGHMCEPLEROCFISNMedian
    NameGeneral .Graco Graham Capstone.ERock Deep Fis. 
    1M Rtn-8.3%6.5%-19.7%-30.7%-33.2%-10.3%-15.0%
    3M Rtn-8.3%0.6%1.2%-30.7%489.7%-14.6%-3.8%
    6M Rtn-8.3%-8.4%37.2%-30.7%489.7%-14.6%-8.4%
    12M Rtn-8.3%-4.1%67.8%-30.7%489.7%-14.6%-6.2%
    3Y Rtn-8.3%3.2%591.4%-30.7%489.7%-14.6%-2.5%
    1M Excs Rtn-8.4%6.4%-19.8%-30.8%-33.3%-10.4%-15.1%
    3M Excs Rtn-12.2%-4.6%-3.2%-34.6%485.8%-18.5%-8.4%
    6M Excs Rtn-15.7%-16.2%27.6%-38.1%482.2%-22.1%-16.0%
    12M Excs Rtn-26.0%-21.2%52.4%-48.4%471.9%-32.3%-23.6%
    3Y Excs Rtn-72.3%-68.9%528.9%-94.7%425.6%-78.6%-70.6%

    Comparison Analyses

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    Financials

    $ Mil | FY: 12/312025Q4
    Period End12/31/2025
    Filing Date6/12/2026
    Key Financials Quarterly 
    Total Revenue0
    Ebitda-58
    Operating Income-21
    Net Income-62
    EPS-0.77
    Key Financials TTM 
    Total Revenue TTM-
    Ebitda TTM-
    Operating Income TTM-
    Net Income TTM-
    Growth Rates Quarterly 
    Total Revenue Growth-
    EBITDA Growth-
    Operating Income Growth-
    Net Income Growth-
    Margins Quarterly 
    EBITDA Margin-
    Operating Income Margin-
    Net Income Margin-
    Cash & Debt 
    Total Cash49
    Total Debt5
    Net Debt / (Cash)-44
    Cash Flows Quarterly 
    FCF from Operations-10
    Cash Flows TTM 
    FCF from Operations TTM-
    Returns to Shareholders Quarterly 
    Dividends0
    Share Repurchases-0
    Return on Invested Capital (ROIC) Quarterly 
    ROIC-73.8%
    Return on Invested Capital (ROIC) TTM 
    ROIC TTM-

    Segment Financials

    Revenue by Segment
    $ Mil20242023
    Single segment00
    Total00


    Assets by Segment
    $ Mil20242023
    Single segment1954
    Total1954


    Price Behavior

    null
    GFUZ Betas & Captures as of 7/31/2026

     1M2M3M6M1Y3Y
    Beta1.433.37-2.430.09-0.352.47
    Up Beta-3.1210.24-10.26-14.815.4616.76
    Down Beta-1.841.540.50-0.30-1.260.25
    Up Capture1004%421%263%110%49%5%
    Bmk +ve Days11223567138427
    Stock +ve Days777777
    Down Capture724%304%263%136%90%51%
    Bmk -ve Days11212859114326
    Stock -ve Days777777

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with GFUZ
    GFUZ-8.3%221.7%0.30-
    Sector ETF (XLI)19.6%16.9%0.8910.3%
    Equity (SPY)18.8%12.9%1.0759.4%
    Gold (GLD)23.6%28.1%0.7438.0%
    Commodities (DBC)30.2%19.7%1.22-28.9%
    Real Estate (VNQ)13.7%13.9%0.69-37.6%
    Bitcoin (BTCUSD)-44.8%42.9%-1.2672.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with GFUZ
    GFUZ-1.7%221.7%0.30-
    Sector ETF (XLI)13.3%17.6%0.5910.3%
    Equity (SPY)12.6%17.1%0.5659.4%
    Gold (GLD)17.1%18.5%0.7538.0%
    Commodities (DBC)9.0%19.5%0.35-28.9%
    Real Estate (VNQ)2.5%18.9%0.03-37.6%
    Bitcoin (BTCUSD)14.2%53.3%0.4572.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with GFUZ
    GFUZ-0.9%221.7%0.30-
    Sector ETF (XLI)13.9%20.0%0.6110.3%
    Equity (SPY)15.0%17.9%0.7159.4%
    Gold (GLD)11.3%16.1%0.5738.0%
    Commodities (DBC)7.3%18.0%0.32-28.9%
    Real Estate (VNQ)4.9%20.7%0.20-37.6%
    Bitcoin (BTCUSD)58.2%66.2%0.9872.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date7152026
    Short Interest: Shares Quantity0.2 Mil
    Short Interest: % Change Since 630202664.8%
    Average Daily Volume0.9 Mil
    Days-to-Cover Short Interest1
    Basic Shares Quantity80.7 Mil
    Short % of Basic Shares0.2%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    12/31/202506/12/2026424B3
    09/30/202502/24/2026F-4
     Collapse to Preview
    Report DateFiling DateFiling
    12/31/202506/12/2026424B3
    09/30/202502/24/2026F-4

    General Fusion — Investor Video Playlist

    Industry Resources

    Industrials Resources
    IndustryWeek
    Manufacturing.net
    Aviation Week
    Industrial Machinery & Supplies & Components Resources
    Machine Design
    Modern Machine Shop
    Industrial Equipment News (IEN)

    External Quote Links


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