Shares of GE Vernova Inc. (GEV) closed lower on Friday, marking a second consecutive day of declines and pulling back from a recent peak. The stock finished the session down 1.77% at $802.13.
Retreat from Highs
The move lower follows the stock's achievement of a fresh 52-week high earlier in the week. With Friday's drop, GE Vernova now trades approximately 5% below that recent record. Trading volume was subdued ahead of the Monday market holiday for Washington's Birthday, potentially amplifying price movements when markets reopen on Tuesday.
Wind Segment Challenges Persist
Investor attention remains partly focused on the company's ongoing struggles in its wind energy division. GE Vernova reported an EBITDA loss of $598 million for that segment in 2025. Management has forecast further losses, estimated around $400 million, for 2026, citing project delays and challenges in the offshore turbine market.
Broader Momentum and Capital Moves
Despite the wind unit's headwinds, the company has highlighted strong overall momentum. In late January, GE Vernova reported a massive order backlog of $150 billion. The company also recently completed a $2.6 billion senior notes offering, with proceeds earmarked for general corporate purposes and a strategic acquisition.
Looking ahead, the immediate focus for traders is whether the stock stabilizes post-holiday or sees further profit-taking. The next major catalyst will be the company's first-quarter 2026 earnings webcast, scheduled for April 22, where investors will seek updates on guidance, backlog, and cash flow.
