GE Vernova (GEV)

A recent study conducted by state-owned utility CFE noted that the estimated cost of building 4 combined-cycle gas turbines (CCGT) had risen by 66% since six months prior (we understand this to be July to…

We break apart the state of play for GE Vernova, addressing new areas of emphasis out of an accelerative investor day and previewing 4Q (1/28). While we are taking both our estimates and our 12-month…

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…