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Wajeeh Khan

GEV Stock Sinks on New 'Sell' Rating. What to Know.

GEV GE Vernova Gordon Johnson GLJ Research GLJ

GE Vernova (GEV) shares tanked on Monday after GLJ Research analyst Gordon Johnson initiated coverage of the energy equipment giant with a “Sell” rating. In his research note, Johnson announced an alarmingly bearish $470 price target, indicating GEV could be cut in half from its previous close over the next 12 months.

GLJ’s report arrives as GE Vernova stock is already in a downtrend, currently trading about 25% below its year-to-date high.

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