RBC Capital believes the announcement that the broken blade event at Dogger Bank was not the result of an installation or manufacturing issue is a positive for GE Vernova shares. The broken blade occurred as a result of high winds during the commissioning process when the blade was left in a vulnerable position, the analyst tells investors in a research note. RBC estimates GE Vernova shares underperformed peers by 2%-3% following the original announcement. It keeps an Outperform rating on the stock with a $192 price target.
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