GE Vernova's financial report brought down Siemens Energy, but Morgan Stanley came out in support, stating that the decline has no basis!

Zhitong Finance APP learned that during Wednesday's trading, Siemens Energy (SMEGF.US) followed the downward trend of its counterpart GE Vernova (GEV.US), with its stock price falling more than 5%. Gas turbine manufacturer GE Vernova released its second-quarter financial report that day, but both core profit and full-year revenue guidance fell short of market expectations. In response, JPMorgan Chase issued a research report supporting the company.