UBS Starts GE Vernova (GEV) at Buy

UBS analyst Amit Mehrotra initiates coverage on GE Vernova (NYSE: GEV) with a Buy rating and a price target of $614.00.

The analyst comments: "GEV holds a 35% share of the global gas turbine market—engines that convert energy from burning natural gas into electricity via rotational force. We project 70% compounded earnings growth over the next five years, the highest among our coverage universe, driven by higher electricity demand to power AI/data centers. We project acceleration in global electricity demand to +4% per annum, which together with multiyear equipment lead times should result in outsized pricing, margin and earnings expansion opportunity (UBSe 4% above cons. 2026-2028). While valuation is high, we believe it is sustainable especially given the potential for reacceleration in U.S. industrial activity and favorable tax reform tailwinds."

For an analyst ratings summary and ratings history on GE Vernova click here. For more ratings news on GE Vernova click here.

Shares of GE Vernova closed at $517.04 yesterday.

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