Morgan Stanley raised the firm’s price target on GE Vernova (GEV) to $960 from $817 and keeps an Overweight rating on the shares. The firm cites constructive recent updates regarding turbine demand, turbine pricing, utilities expanding gas plant intentions beyond 2030, and more momentum in the 800v DC transition for data centers.
Meet Samuel – Your Personal Investing Prophet
Double your GEV exposure with Tradr's GEVXPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GEV:
- Trump Trade: Trump, Takaichi set to announce $40B nuclear project
- Trump, Takaichi set to announce $40B nuclear project, Bloomberg reports
- GE Vernova: High-Quality “Hard-Asset SaaS” in Power Generation with Durable, AI-Resistant Growth and Premium Valuation Upside
- GE Vernova, Hitachi to explore deployment of BWRX-300 in Southeast Asia
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 15