Truist Securities initiated coverage on GE Vernova (GEV) with a Buy rating and a price target of $300, citing the company’s strong position in the energy transition. Analyst Jordan Levy expects GEV to benefit from increasing demand for electrification and hydrogen technologies, leading to significant growth and margin expansion.
Results for: GEV
GE Vernova (GEV) shares are experiencing a surge after BofA Securities analyst Andrew Obin upgraded the stock to Buy and raised its price target. Obin highlights the potential of Gas Power Services, a segment he believes investors are undervaluing, and expects strong growth in the coming quarters. He cites the increasing utilization of gas turbines and anticipates GEV to exceed expectations.