Truist analyst Jordan Levy initiated coverage of GE Vernova with a Buy rating and $300 price target, calling the company “an energy transition behemoth” with unmatched scale across a diversified slate of traditional and renewable power products and services. Shares have already seen notable appreciation following the spin-off from parent GE earlier this year, rising 94% since March 27, but the firm sees further upside as GE Vernova continues to drive accelerating growth and margin expansion, the analyst tells investors.
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