Susquehanna raised the firm’s price target on GE Vernova (GEV) to $399 from $370 and keeps a Positive rating on the shares. The firm said they reported 1Q results, with a beat on both revenue and EBITDA. Demand for its gas turbines remains strong, with the company booking more than 7 GW of new orders and 7 GW of slot reservation agreements in 1Q. Commercial activity is beginning to accelerate in the 2029/2030 timeframe, with the company now having firm orders for 2029 and in active discussions for slot reservations in 2030.
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