Stock Track | GE Vernova Soars 5.04% on Bullish Analyst Coverage: Strong Power Demand Outlook

Stock Track09:26

GE Vernova Inc. (GEV) shares surged 5.04% in Thursday's intraday trading session, following positive analyst coverage citing strong demand for the company's power generation and grid products.

Wells Fargo initiated coverage on GEV with an Overweight rating and a $385 price target, highlighting the company's well-positioned offerings in transformers, HVDC, and grid software to benefit from growing power demand driven by data center buildouts, U.S. reshoring, and electrification trends tied to the energy transition and decarbonization goals.

Additionally, BNP Paribas Exane raised its price target on GEV to $399 from $335, further fueling the stock's momentum. Analysts anticipate GE Vernova's lean initiatives and price increases due to strong demand could drive EBITDA margin expansion from an estimated 6% in 2024 to 13% by 2032.

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(GEV) shares surged 5.04% in Thursday's intraday trading session, following positive analyst coverage citing strong demand for the company's power generation and grid products.</p>\n\n<p>Wells Fargo initiated coverage on GEV with an Overweight rating and a $385 price target, highlighting the company's well-positioned offerings in transformers, HVDC, and grid software to benefit from growing power demand driven by data center buildouts, U.S. reshoring, and electrification trends tied to the energy transition and decarbonization goals.</p>\n\n<p>Additionally, BNP Paribas Exane raised its price target on GEV to $399 from $335, further fueling the stock's momentum. 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(GEV) shares surged 5.04% in Thursday's intraday trading session, following positive analyst coverage citing strong demand for the company's power generation and grid products.\nWells ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GEV","symbol_name":"GE Vernova Inc.","start_time":0,"source_url":"","article_id":"1155866484","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155866484","pubTimestamp":1732238798,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"GE Vernova Inc.  shares surged 5.04% in Thursday's intraday trading session, following positive analyst coverage citing strong demand for the company's power generation and grid products.Wells Fargo initiated coverage on GEV with an Overweight rating and a $385 price target, highlighting the company's well-positioned offerings in transformers, HVDC, and grid software to benefit from growing power demand driven by data center buildouts, U.S. reshoring, and electrification trends tied to the energ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GEV":"GE Vernova Inc."},"translate_title":"分析师看涨：电力需求前景强劲，GE Vernova股价飙升5.04%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GEV":1},"content_text":"GE Vernova Inc. 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