Results for: GEV

GE Vernova (GEV) shares jumped over 5% after several analysts raised their price targets following the company’s third-quarter earnings report. The analysts cited strong revenue growth, improved profitability, and a positive outlook for the clean energy sector as reasons for their optimism. Analysts anticipate GEV to provide an adjusted EBITDA margin target of at least 13%-15% for 2028 at its upcoming investor day, highlighting potential upside if previous gas turbine cycle margins of over 20% are realized. Investors interested in gaining exposure to GEV can consider ETFs like Invesco S&P Spin-Off ETF (CSD) and ProShares S&P Kensho Cleantech ETF (CTEX).

GE Vernova (GEV) shares are trading lower in premarket after the company reported mixed third-quarter results. While revenue beat estimates, the company’s EPS missed expectations. Despite the mixed results, GE Vernova remains optimistic about its future prospects and reaffirmed its full-year guidance.

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.

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.