GE Vernova initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Joe Ritchie initiated coverage of GE Vernova with a Buy rating and $154 price target. GE Vernova is a global electric power company that provides equipment and services to generate, transfer, convert and store electricity, the analyst tells investors in a research note. The firm is optimistic on the company’s position in helping the world electrify and decarbonize. The largest opportunity will come from the growth in wind as well as improved profitability in the electrification business, contends Goldman.