Julien Dumoulin Smith, an analyst from Jefferies, maintained the Buy rating on GE Vernova Inc. (GEV – Research Report). The associated price target remains the same with $418.00.
Julien Dumoulin Smith’s rating is based on several key factors that highlight the potential of GE Vernova Inc. The robust demand and pricing in the Gas Power segment are significant contributors, with the company’s backlog extending well into the late 2020s and early 2030s, providing strong visibility and confidence in future growth. Additionally, the impact of tariffs, primarily affecting the Wind segment, is seen as temporary, with management identifying potential countermeasures to mitigate these effects.
Furthermore, the sustained demand for gas turbines suggests that the peak of the cycle is not yet in sight, with GE Vernova largely sold out for the coming years and continuing to secure agreements for even later years. Despite challenges in the Wind segment, the reaffirmation of 2025 guidance across all segments indicates a manageable margin threat, bolstered by supply chain agility and strategic shifts in direct spending. These factors collectively underpin the Buy rating, reflecting optimism about the company’s long-term prospects.
Dumoulin Smith covers the Utilities sector, focusing on stocks such as Hawaiian Electric, DTE Energy, and IdaCorp. According to TipRanks, Dumoulin Smith has an average return of 2.3% and a 53.09% success rate on recommended stocks.
In another report released today, Morgan Stanley also reiterated a Buy rating on the stock with a $422.00 price target.