RBC Capital believes the announcement that the U.S. government is halting activity on offshore wind projects could result in additional delays for GE Vernova (GEV) at the Vineyard Wind project. RBC says it unclear how long the Trump administration could seek to pause development on offshore wind leases. Shares of GE Vernova are up $2.27 to $660.55 in midday trading. RBC has an Outperform rating on the name with a $761 price target
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEV:
- GE Vernova price target raised to $830 from $815 at Jefferies
- GE Vernova: Strong Long-Term Fundamentals but Limited Near-Term Upside Justify Hold Rating
- Midday Fly By: Micron reports Q1 beat, Trump Media to merge with TAE
- Micron upgraded, PayPal downgraded: Wall Street’s top analyst calls
- GE Vernova price target raised to $816 from $706 at Baird