Susquehanna raised the firm’s price target on GE Vernova (GEV) to $820 from $800 and keeps a Positive rating on the shares. The firm said they reported 4Q results, with a beat on revenue, while EBITDA was behind the firm’s estimates. Demand for gas turbines has shown no signs of slowing, with the company booking 24 GW of new orders during 4Q, bringing its backlog (SRAs + orders) to 83 GW to end the year.
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