GE Vernova Stock Down 8.6% on GLJ Research Sell Rating

GE Vernova (GEV) shares fell 8.6% after GLJ Research initiated coverage with a Sell rating and $470 price target. The analyst cited the cyclical nature of gas-turbine operations and ongoing losses in the wind energy business as risks to performance. Despite the drop, the stock is up 29.1% year-to-date and trades 25.3% below its 52-week high.