William Blair analyst Jed Dorsheimer has reiterated their bullish stance on GEV stock, giving a Buy rating today.
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Jed Dorsheimer has given his Buy rating due to a combination of factors that highlight GE Vernova Inc.’s strong market position and growth potential. The company’s recent investor update revealed an increased guidance for 2028, showcasing a conservative yet optimistic outlook. GE Vernova’s expansion in turbine capacity from 20 to 24 GW, achieved by optimizing existing facilities, positions it competitively against key rivals like Siemens Energy and Mitsubishi Heavy Industries.
Moreover, the power and electrification segments are expected to see significant revenue growth, with adjusted EBITDA margins improving substantially. The company’s robust backlog and slot reservations, along with a strong book-to-bill ratio, further underline its growth trajectory. Additionally, GE Vernova’s power service revenues are projected to nearly double by 2035, indicating a promising future for the company’s service segment. These factors collectively support the Buy rating, reflecting confidence in GE Vernova’s strategic direction and market leadership.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $804.00 price target.