GE Vernova stock slides ~30% from June peak, then agrees $9B Trench deal
The gist
GE Vernova shares fell about 11% in a day in October, roughly 30% below the June 30 close.
The energy-equipment maker is buying grid supplier Trench for $9.0B ahead of Q3 results.
How it unfolded
- Jun 30, 2026GEV closed at $1,174.86.
- Jul 2026On the second-quarter earnings call, CEO Scott Strazik said the company was on pace to reach a ~$200 billion backlog in 2027, a year early.
- Oct 14, 2026GEV fell 6.2%, more than half of its weekly drop, as hotter US inflation data revived borrowing-cost worries and CoreWeave shares and bonds slid; Susquehanna trimmed its target by $30 to $1,270 and kept its Positive rating.