What's Going On With GE Vernova Shares Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 15 2024
0mins
Should l Buy GE?
Source: Benzinga
- Analyst Coverage on GE Vernova Inc.: Mizuho analyst initiated coverage on GEV with a Buy rating and a price target of $154, highlighting leadership in gas power, margin expansion in wind business, and growth projections.
- GE Vernova's Business Outlook: The analyst projects EBITDA for the Power business to reach ~$2 billion in 2024, Wind business EBITDA to grow to ~$1 billion in 2026, and electrification revenue to increase at an 11% CAGR from 2023-2026.
- Potential Optionality: Analyst sees potential for turbines using hybrid or zero-carbon fuels, indicating future growth opportunities for GE Vernova.
- Impact of AI/Data Center Demand: Expectations of AI/data center demand potentially increasing U.S. gas and wind segment demand by over 5%-10% and 10%-15%, respectively, by 2030.
- Company Projections: Analyst predicts GE Vernova to achieve a 10% Adjusted EBITDA margin by 2026, earlier than the previously guided timeline of 2028.
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Analyst Views on GE
Wall Street analysts forecast GE stock price to rise
9 Analyst Rating
8 Buy
0 Hold
1 Sell
Strong Buy
Current: 312.890
Low
275.00
Averages
345.67
High
386.00
Current: 312.890
Low
275.00
Averages
345.67
High
386.00
About GE
General Electric Company, doing business as GE Aerospace, is a global aerospace propulsion, services, and systems company. The Company has an installed base of approximately 45,000 commercial and 25,000 military aircraft engines. The Company operates through two segments: Commercial Engines & Services and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures and services jet engines for commercial airframes, as well as business aviation and aeroderivative applications. Its services include maintenance, repair and overhaul (MRO) of engines and the sale of spare parts and offers services under a variety of arrangements. The Defense & Propulsion Technologies segment provides defense engines and critical aircraft systems and consists of its Defense & Systems and Propulsion & Additive Technologies businesses. Its portfolio of brands includes Avio Aero, Unison, Dowty Propellers and Colibrium Additive.
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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