GE Vernova Stock Drops After GLJ Research Initiates 'Sell' Rating
Shares of GE Vernova (GEV) fell sharply after GLJ Research analyst Gordon Johnson initiated coverage with a 'Sell' rating and set an alarmingly bearish price target of $470, suggesting the stock could lose nearly half its value in the next year. The report highlights concerns over inflated demand expectations tied to AI-driven data center growth, which has fueled GEV's share price this year but may not translate into near-term revenue due to project delays and supply chain issues. Johnson also criticized GE Vernova’s stretched valuation, noting a forward P/E ratio of 62x that leaves little room for error. While the company's Electrification and Power segments show strong order momentum, margin pressures in its Wind division remain problematic. Despite GLJ's bearish stance, Wall Street consensus still favors GEV with a 'Strong Buy' rating and an average price target of $1,258.
Tickers: $GEV