GE Vernova initiated with an Outperform at Baird

Baird analyst Ben Kallo last night initiated coverage of GE Vernova (GEV) with an Outperform rating and $448 price target The company is a global leader in power equipment and services and is currently benefiting from the increasing need for energy stemming from increased electricity demand, the analyst tells investors in a research note. The firm says GE Vernova’s diverse technology portfolio, scale, pricing power, and clean financials create a “compelling investment thesis” for investors looking to play the forecasted rise in energy demand on global power grids.