GE Vernova Slides After BNP Paribas Downgrade as Post‑Earnings Rally Cools

Overview

• Shares fell about 6% after BNP Paribas Exane cut the stock to neutral, saying the price already reflects recent good news.
• Analysts at the bank argued that enthusiasm for data‑center electrification and near‑term growth leaves less room for upside surprises.
• The drop followed a strong April 22nd quarter when GE Vernova beat forecasts and lifted its 2026 revenue and free‑cash‑flow targets.
• Management reported about $9.34 billion in Q1 revenue with roughly 17% growth, $4.8 billion in free cash flow, and a $13 billion jump in orders that took backlog to $163 billion.
• Reports cite different Q1 EPS figures because some use GAAP results boosted by one‑time gains while others reference adjusted earnings near $2 per share.