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

Reuters12-11
BUZZ-<a href="https://laohu8.com/S/GEV">GE Vernova</a> falls as Seaport Research Partners downgrades rating to "neutral"

Updates

** 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

(Reporting by Katha Kalia in Bengaluru)

((katha.kalia@thomsonreuters.com))

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