Seaport Research analyst Tom Curran initiated coverage of GE Vernova (GEV) with a Buy rating and $630 price target The firm says the company is a “vital enabler and major beneficiary” of its two favorite secular growth themes: the multivariate power “supercycle” and the “golden age” of natural gas. Seaport is “very bullish” on GE Vernova’s Power and Electrification divisions and sees the Wind division as “an out-of-the-money option” on an eventual rebound in U.S. onshore wind development.
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