GE Vernova's Q4 Was Not Perfect, But Analyst Bumps Up Price Forecast On Continued Orders Strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2025
0mins
Source: Benzinga
Analyst Price Target Increase: BofA Securities analyst Andrew Obin raised the price target for GE Vernova Inc. to $485 from $415, maintaining a Buy rating despite the company reporting revenue growth of 5% year-over-year but missing consensus estimates.
Future Outlook and Challenges: GE Vernova reaffirmed its 2025 outlook with projected revenues of $36-$37 billion, while facing challenges such as increased R&D spending and lower first-quarter EBITDA guidance, although orders exceeded expectations at $13.2 billion.
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Analyst Views on GEV
Wall Street analysts forecast GEV stock price to fall
23 Analyst Rating
16 Buy
6 Hold
1 Sell
Moderate Buy
Current: 823.670
Low
475.00
Averages
769.15
High
1000.00
Current: 823.670
Low
475.00
Averages
769.15
High
1000.00
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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- Order Boom: Demand for GE Vernova's gas turbine equipment is surging, with backlog expected to reach $150 billion by year-end, as customers are willing to pay upfront to secure future production slots, indicating a strong thirst for power in data centers.
- Industry Signals: The stock's rise is also attributed to positive earnings reports from companies like Vertiv and Aehr Test Systems, suggesting investor optimism about future demand for GE Vernova's products, especially in the early cycle of data center construction.
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See More
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