GE Vernova (GEV)

We want to call out both the accelerative floor on long-term targets for ’28 and validation on our Power Services thesis. First, GEV guided ’28 EBITDA to $10.4bn vs. our $9.8bn (backing out Prolec) and…

GE Vernova published a positive 3Q update and announced plans to acquire the remaining 50% stake in its North America transformer business, a 50/50 joint venture with Xignux, targeting a mid-2026 close. At 13.2x guided…

We expect 3Q25 to be a positive event for shares as GEV surprises investors with a robust bookings pathway driven by CCGT SRA conversion and Saudi condensers hitting equipment RPOs for Power & Electrification. Expect…

We view near-term underperformance as a buying opportunity ahead of a September conference season where management could announce a matching expansion. Reiterate BUY, PT to $757 – +31% upside from current levels. +30% capacity expansion…

Our preview flagged incremental buyers waiting on the sidelines to buy this print – +LDD% move as of publication affirms both the viability of this narrative post-earnings AND the incrementality of this update. There just…

GEV reports second quarter earnings on 7/23 – the focus remains on the long-term narrative with equipment slot contracting the focus for Power & Electrification. Although the stock up +16% in the last 30 days,…

We highlight both positive and negative feedback on our initiation but we emphasize that investors agree – analysts simply aren’t doing the work on Power Services despite the abundance of data-points quantifying this compelling opportunity-set….

We initiate coverage of GE Vernova at BUY with a PT of $702.00 even as investors and analysts increasingly step away from this best-in-class power generation OEM story, citing valuation and a slowing event-path, because…