GE Vernova stock rises as $1,087 target lands, but “oversupply” talk clouds the trade
New York, January 13, 2026, 13:22 EST — Regular session Shares of GE Vernova climbed Tuesday, boosted by a fresh bullish price target, even as investors weighed caution over rising competition. The stock gained 1.9%, hitting $651.92 in early afternoon trading, after briefly reaching $659.04. This shift is significant as GE Vernova now serves as a stand-in for the race to boost power generation amid rising electricity demand from data centers and electrification. Following a strong rally, the stock’s price action has begun to reflect sentiment shifts more than daily fundamental changes. With the quarterly report due later this month,