On July 28, GE Vernova Inc. declined 4.2% in regular trading, trading at $939.005/share, with turnover of $303 million. The stock has been under sustained selling pressure as the market continues to digest the company's Q2 earnings report released on July 22.

The Q2 results showed adjusted EPS of $2.47, falling approximately 22% short of the market consensus estimate of $3.18. Wind power segment EBITDA losses widened to $275 million, with full-year losses in that division projected at roughly $400 million. Management also guided for low-double-digit year-over-year revenue decline in wind power for Q3 due to reduced onshore equipment deliveries.

Despite record orders of $24.2 billion in Q2, revenue growth of 22% to $11.1 billion beating estimates, and a significant free cash flow guidance raise to $11.5-$12.5 billion, RBC Capital Markets noted the post-earnings pullback stems primarily from crowded positioning and the absence of a near-term EBITDA guidance increase. Within the Heavy Electrical Equipment sector, Bloom Energy fell 9.02%, INNIO Holding fell 9.03%, and NuScale Power fell 6.03%.

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