GE Vernova stock nudges higher as Baird downgrade flags turbine oversupply fears
NEW YORK, Jan 9, 2026, 11:48 EST — Regular trading GE Vernova (GEV) shares added 0.3% to $630.53 in late morning trading on Friday after Baird downgraded the power-equipment maker and lowered its price target to $649 from $816. Baird analyst Ben Kallo said worries about power capacity oversupply were “shifting sentiment” on the stock. (TipRanks) The move matters because GE Vernova has turned into a crowded trade tied to booming electricity demand from artificial intelligence and other data-heavy uses, squeezing supplies of grid equipment and gas turbines. In December, the company forecast 2026 revenue of $41 billion to $42