BMO Capital raised the firm’s price target on GE Vernova (GEV) to $710 from $690 and keeps an Outperform rating on the shares. The company delivered as the firm had hoped, with cadence of orders for gas turbines remaining strong at over 12GWs, despite a proliferation of BTM power projects using smaller turbines than GE Vernova’s heavy-duty models or even its Aeroderivatives, the analyst tells investors in a research note.
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