GE Vernova Shares Fall 4.8% After GLJ Research Starts Coverage With Sell Rating

Electricity power generator ©Adobe Stock Images GE Vernova (NYSE:GEV) shares fell 4.8% in pre-market trading after GLJ Research initiated coverage of the energy and power equipment company with a Sell rating and a $470 price target. The rating contrasts with generally positive analyst coverage of GE Vernova and adds to investor focus on the company's valuation following gains over the past year. GE Vernova shares have risen more than 52% over the past 12 months, according to the supplied data, but have declined nearly 10% over the past month and remain below their 52-week high of $1,195.94.