GE Vernova falls as Seaport Research Partners downgrades rating to "neutral"

Shares of U.S.-utility GE Vernova GEV.N fall 4.7% to $688

Brokerage Seaport Research Partners downgrades rating to "neutral" from "buy"

After GEV's rally to $723 on Wednesday, Seaport Research says the stock is now fairly valued with a focus on 2026-28

Separately, co signs an agreement with Public Power Corporation Renewables to supply, install and commission 14 of its 6.1 megawatt (MW) turbines for a wind farm in Romania

Co expects the project to provide enough energy to power the equivalent of about 38,000 households

Including session's move, shares were up 110% YTD