GE Vernova (NYSE:GEV) Stock Falls 3.7% After Analyst Downgrade

Key Points

• GE Vernova shares fell 3.7% after JPMorgan cut its price target from $1,150 to $1,035, although it maintained an Overweight rating. Trading volume was 69% above average.
• The company reported strong third-quarter results, with adjusted EPS of $4.81 versus the $4.03 consensus and revenue of $12.64 billion, up 26.8% year over year. Management cited a record $197 billion backlog and raised its outlook.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average target price of $1,152.53. Growth drivers include AI data-center demand for gas turbines, grid electrification and the planned $9 billion acquisition of Trench Group.

Shares of GE Vernova Inc. (NYSE:GEV - Get Free Report) traded down 3.7% during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $1,150.00 to $1,035.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. GE Vernova traded as low as $844.08 and last traded at $854.58. 4,544,411 shares changed hands during trading, an increase of 69% from the average session volume of 2,694,791 shares. The stock had previously closed at $887.85.

A number of other research firms also recently issued reports on GEV. Sanford C. Bernstein reiterated an "outperform" rating and issued a $1,298.00 target price on shares of GE Vernova in a research report on Wednesday. President Capital boosted their price target on shares of GE Vernova from $1,368.00 to $1,398.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of GE Vernova in a research note on Monday, October 19th. Oppenheimer reiterated an "outperform" rating on shares of GE Vernova in a report on Wednesday. Finally, The Goldman Sachs Group raised GE Vernova from a "buy" rating to a "market outperform" rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, GE Vernova has a consensus rating of "Moderate Buy" and an average target price of $1,152.53.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova reported third-quarter adjusted EPS of $4.81 versus the $4.03 consensus estimate, while revenue reached $12.64 billion, up 26.8% year over year and ahead of expectations. Management also highlighted a record $197 billion backlog and raised its outlook. GE Vernova Q3 2026 Earnings Call Transcript
• Positive Sentiment: Demand from AI data centers is supporting gas-turbine pricing, with customers reserving production capacity years in advance. Rising prices and stronger margins improve the earnings outlook for GE Vernova’s Power business. AI Data Centers Have Driven Gas Turbine Prices Up 50%
• Positive Sentiment: HSBC upgraded GEV to Buy from Hold and increased its price target to $1,100 from $1,040, saying the wind division appears largely derisked and may be past its worst. Bernstein also reaffirmed an Outperform rating, while Susquehanna maintained a Positive rating with a $1,250 target. HSBC Upgrades GE Vernova
• Positive Sentiment: GE Vernova agreed to acquire Trench Group for $9 billion, expanding its high-voltage grid-equipment manufacturing and vertical integration in Europe and Asia. The deal positions the company to benefit from long-term electrification and grid investment. GE Vernova in $9B Deal to Buy High-Voltage Manufacturer

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GEV. B. Metzler seel. Sohn & Co. AG increased its position in GE Vernova by 37.7% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,080 shares of the company's stock worth $27,116,000 after buying an additional 6,313 shares during the period. BG Investment Services LLC bought a new stake in shares of GE Vernova in the third quarter valued at approximately $3,348,000. Citizens Financial Group Inc. RI bought a new stake in shares of GE Vernova in the second quarter valued at approximately $8,337,000. Sapient Capital LLC boosted its position in shares of GE Vernova by 31.4% in the second quarter. Sapient Capital LLC now owns 76,038 shares of the company's stock valued at $89,372,000 after acquiring an additional 18,188 shares during the period. Finally, Processus Wealth & Capital Management LLC acquired a new stake in shares of GE Vernova in the second quarter worth $2,699,000.

GE Vernova Stock Performance

The firm's 50 day moving average price is $937.07 and its 200-day moving average price is $939.27. The firm has a market cap of $227.60 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 3.04 and a beta of 1.14. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.62.

GE Vernova (NYSE:GEV - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The business's quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the business posted $1.64 EPS. On average, analysts anticipate that GE Vernova Inc. will post 15.04 earnings per share for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. GE Vernova's dividend payout ratio (DPR) is 5.72%.

About GE Vernova

GE Vernova Inc NYSE: GEV is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.

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