GE Vernova (NYSE:GEV) Shares Gap Down – Here’s Why

GE Vernova Inc. (NYSE:GEV) shares gapped down before the market opened on Tuesday. The stock had previously closed at $829.34, but opened at $755.53. GE Vernova shares last traded at $782.8780, with a volume of 1,660,170 shares changing hands.

Top GE Vernova Stories

These are some of the GEV stories that stood out recently:

• Positive Sentiment: J.P. Morgan kept an “overweight” rating, despite lowering its price target to $1,000, and said GE Vernova could weather a slowdown in AI spending. Another report notes that data centers account for only about 20% of its gas-turbine customers, suggesting the company’s demand is not solely dependent on AI. GE Vernova Could Withstand a Slowing AI Spending Boom, Says J.P. Morgan GE Vernova Fell 25% on Data Center Fears. Only About 20% of Its Gas Turbine Customers Are Data Centers.
• Positive Sentiment: The company’s reported $197 billion backlog and raised 2026 revenue guidance provide evidence of strong underlying demand. Its third-quarter orders rose 96% year over year, though results varied by segment. GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week. Here’s What Set Off the AI Power Sell-off.
• Neutral Sentiment: GE Vernova plans to invest $34.5 million to expand Louisiana transformer manufacturing, positioning the business to serve growing grid-equipment demand. GE Vernova to spend $34.5M expanding Louisiana transformer manufacturing capacity

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen downgraded GE Vernova from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Susquehanna dropped their target price on GE Vernova from $1,270.00 to $1,250.00 and set a “positive” rating on the stock in a report on Thursday, October 29th. BNP Paribas Exane cut their price target on GE Vernova from $1,190.00 to $1,090.00 and set a “neutral” rating for the company in a research note on Thursday, August 20th. The Goldman Sachs Group raised GE Vernova from a “buy” rating to a “market outperform” rating in a report on Monday, September 14th. Finally, Morgan Stanley lowered shares of GE Vernova from an “overweight” rating to an “underweight” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,143.03.

GE Vernova Stock Performance

The stock’s 50 day moving average price is $917.88 and its two-hundred day moving average price is $946.85. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $214.28 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.60 and a beta of 1.25.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. GE Vernova had a net margin of 23.54% and a return on equity of 46.50%. The firm had revenue of $12.64 billion during the quarter, compared to analysts’ expectations of $11.99 billion. During the same quarter last year, the business earned $1.64 earnings per share. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts forecast that GE Vernova Inc. will post 16.13 EPS for the current year.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s dividend payout ratio is 5.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GEV. Fort Sheridan Advisors LLC raised its position in GE Vernova by 0.4% during the third quarter. Fort Sheridan Advisors LLC now owns 3,226 shares of the company’s stock worth $3,066,000 after acquiring an additional 14 shares during the last quarter. Rathbones Group PLC increased its stake in shares of GE Vernova by 0.8% during the 3rd quarter. Rathbones Group PLC now owns 49,148 shares of the company’s stock worth $46,715,000 after purchasing an additional 414 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in shares of GE Vernova by 33.3% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 2,000 shares of the company’s stock worth $1,901,000 after purchasing an additional 500 shares during the last quarter. TIAA CREF Individual & Institutional Services LLC raised its position in shares of GE Vernova by 11.7% during the 3rd quarter. TIAA CREF Individual & Institutional Services LLC now owns 10,385 shares of the company’s stock worth $9,871,000 after purchasing an additional 1,091 shares during the last quarter. Finally, TIAA Trust National Association raised its position in shares of GE Vernova by 9.3% during the 3rd quarter. TIAA Trust National Association now owns 894 shares of the company’s stock worth $850,000 after purchasing an additional 76 shares during the last quarter.

GE Vernova Company Profile

GE Vernova is an energy technology company that designs, manufactures and services equipment used to generate, transmit and distribute electricity. It became an independent public company in April 2024 after separating from General Electric, which had built its energy businesses over more than a century. The company operates through three main businesses: Power, Wind and Electrification. Its offerings include gas and steam turbines, hydropower technologies and related services; onshore and offshore wind turbines; and grid equipment, power-conversion systems and software used to support electricity networks.