GE Vernova Stock Plunges 6.6% Despite $10 Billion Contract

On April 4, 2025, GE Vernova's stock experienced a significant drop of 6.6% in pre-market trading, reflecting a notable decline in investor sentiment.

GE Vernova has recently secured a contract to supply turbines for a $10 billion natural gas-powered data center project, which has helped to mitigate some of the negative sentiment surrounding the company's stock. This contract is a significant development for GE Vernova, as it demonstrates the company's ability to secure large-scale projects and expand its presence in the energy sector.

Despite the recent drop in stock price, GE Vernova has received positive ratings from analysts. Susquehanna Financial initiated coverage on the stock with a positive rating and a price target of $370. Goldman Sachs also lifted their price target on shares of GE Vernova from $446.00 to $500.00 and gave the stock a "buy" rating. These positive ratings have provided some support for the stock, but the overall market sentiment remains cautious.