GE Vernova Stock Drops 2.85% Despite 21st Ranking in Trading Volume

Generated by AI AgentAinvest Volume Radar
Thursday, May 29, 2025 8:00 pm ET1min read

On May 29, 2025,

(GEV) experienced a 2.85% decline in its stock price, with a trading volume of 20.20 billion, ranking 21st in the day's market activity.

Jefferies analyst Julien Dumoulin-Smith downgraded

Vernova stock to Hold from Buy in a recent report. Despite the downgrade, the price target was raised to $517 from $427. The analyst noted that the current share price already reflects much of the optimism surrounding the stock, and while GE's long-term fundamentals remain strong, the stock offers narrowing incremental risk/reward following its recent outperformance.

GE Vernova's stock price reached an all-time intraday high of $489.13 before the downgrade, which contributed to the subsequent decline. The firm's decision to downgrade the stock was based on valuation concerns, as the current share price adequately reflects a premium on Jefferies’ above-consensus 2028 estimates.

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