William Blair analyst Jed Dorsheimer has reiterated their bullish stance on GEV stock, giving a Buy rating today.
Jed Dorsheimer has given his Buy rating due to a combination of factors that highlight GE Vernova’s strong market position and growth potential. The company has exceeded market expectations and reaffirmed its guidance for 2025, despite challenges such as tariff impacts. The demand for power and electrification remains robust, with impressive book-to-bill ratios, and the company is nearly sold out of gas turbine slots through 2028, with orders extending into 2030.
Additionally, GE Vernova is mitigating tariff-related cost increases by renegotiating contracts and diversifying suppliers. The energy demand and independence themes are driving the company’s fundamentals, with significant orders in natural gas turbines and a strategic expansion in transformers and switchgear capacity. Furthermore, GE Vernova’s advancements in nuclear technology, particularly in small modular reactors, position it well for future growth, offering innovative solutions to regulatory and infrastructure challenges.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $390.00 price target.