GE Vernova Set For $2.5B Free Cash Flow By 2026 Amid Energy Transition Boom, Bullish Analyst Says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
0mins
Should l Buy GEV?
Source: Benzinga
Analyst Coverage and Growth Potential: Truist Securities analyst Jordan Levy initiated coverage on GE Vernova Inc. (GEV) with a Buy Rating and a price target of $300, highlighting the company's strong position to benefit from energy transition trends and projecting significant growth in revenue and EBITDA margins by 2026.
Recent Developments and Market Performance: GEV shares are currently down 1.38% at $251.54, while the company has been selected by the U.S. Department of Energy for a project focused on hydrogen deployment safety and permitting improvements.
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Analyst Views on GEV
Wall Street analysts forecast GEV stock price to rise
24 Analyst Rating
20 Buy
4 Hold
0 Sell
Strong Buy
Current: 816.560
Low
714.00
Averages
858.23
High
1087
Current: 816.560
Low
714.00
Averages
858.23
High
1087
About GEV
GE Vernova Inc. is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. It designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Power segment includes the design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification segment includes grid solutions, power conversion and storage, and electrification software technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. Its accelerator business includes advanced research, consulting services and financial services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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