GE Vernova stock price drops 3%, Vertiv Holdings and Eaton resist selling pressure
2026-08-31 22:14:16
According to CoinMeta, the stock price of GE Vernova fell by 3% on Monday, following a year-to-date increase of 40%. The announcement of the successor for CFO provided a convenient excuse for profit-taking investors to reduce their gains. Meanwhile, the stock prices of Vertiv Holdings and Eaton remained relatively stable, while Grid ETF rose by 0.3%, indicating a re-pricing of individual stocks rather than a widespread sell-off across the industry. The record $176 billion in order backlogs and an 88% increase in orders for GE Vernova stand in sharp contrast to its wind energy division's forecast of facing approximately $400 million in EBITDA losses in 2026.
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Source:Internet
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