GE Vernova (GEV) Stock Slides After BNP Paribas Downgrade Despite Stellar Earnings

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2026-05-19 07:53:01

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GE Vernova shares tumbled nearly 6% as profit-taking erased part of this year's 60% rally, triggered by BNP Paribas Exane's downgrade to neutral. The move came despite a spectacular Q1 earnings beat where the company posted $17.44 EPS against $1.95 estimates, with revenue climbing 17% to $9.34 billion.

Analysts argued the stock's valuation already reflects bullish catalysts like data center electrification demand. While the consensus rating remains 'Moderate Buy' with a $1,090.76 target, BNP's $1,190 price objective suggests limited near-term upside after the explosive run.

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