GE Vernova Stocks Fall 9.1% as AI Power Expectations Reset

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This article first appeared on GuruFocus. GE Vernova (NYSE:GEV), a supplier of power-generation and grid equipment, slid 9.08% to $757.23 at 11:00 a.m. ET in November 5 regular trading, extending its earlier session decline. The selling came as Reuters reported weakness across equipment suppliers and utilities tied to data-center expansion. The pressure puts future demand expectations under scrutiny, even as GE Vernova carries a substantial book of existing orders. Warning! GuruFocus has detected 6 Warning Signs with GEV. Is GEV fairly valued? Test your thesis with our free DCF calculator. The company's October 28 results showed $29.3 billion in quarterly orders, $12.6 billion in revenue and $197 billion in backlog.