GE Vernova Inc., the Industrials sector company, was revisited by a Wall Street analyst today. Analyst Marc Bianchi from TD Cowen maintained a Buy rating on the stock and has a $680.00 price target.
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Marc Bianchi has given his Buy rating due to a combination of factors that highlight GE Vernova Inc.’s strong performance and future potential. The company’s recent fundamental update was positive, with impressive orders in the Power and Electrification segments and solid margin performance. The backlog in the Power segment has grown significantly, and there is strong momentum expected to continue into 2026. Additionally, the company is considering further capacity expansion, which indicates confidence in future demand.
Electrification orders were notably strong, with significant projects such as the $1.6 billion synchronous condenser order for Saudi Arabia, which aligns with the company’s backlog guidance. The revenue guidance for Electrification has been upgraded, and the company plans to acquire the remaining stake in transformer manufacturer Prolec, which is expected to contribute significantly to EBITDA growth. Furthermore, the upcoming December 9 guidance event is anticipated to provide more clarity on the company’s targets for 2026 and beyond, reinforcing investor confidence in GE Vernova’s long-term growth prospects.