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Why GE Vernova, Hitachi Energy, CG Power shares tanked up to 9% on Friday

According to brokerage firm IIFL, the move is not an unexpected one, as domestic pricing is seen peaking out. The increase in Chinese competition was flagged by the brokerage six months prior.

CJPN24 AI Desk•••2 min read
Why GE Vernova, Hitachi Energy, CG Power shares tanked up to 9% on Friday
Why GE Vernova, Hitachi Energy, CG Power shares tanked up to 9% on Friday
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Key Points

  • Explained - Why GE Vernova, Hitachi Energy, CG Power shares tanked up to 9% on Friday Shares of GE Vernova T&D have declined every single session since June 22.
  • The stock is down 17% during this nine-day stretch.
  • Shares of GE Vernova T&D Ltd., CG Pow...

Explained - Why GE Vernova, Hitachi Energy, CG Power shares tanked up to 9% on Friday
Shares of GE Vernova T&D have declined every single session since June 22.

The stock is down 17% during this nine-day stretch.

Shares of GE Vernova T&D Ltd., CG Pow...

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Source: CNBC TV18

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