Seaport Research Partners initiates coverage on GE Vernova with 'buy'
ReutersJul 10, 2025 2:15 PM
Seaport Research Partners initiates coverage on power equipment maker GE Vernova GEV.N with "buy" rating
New PT of $630 represents a 17.6% upside to the stock's last close
Brokerage says GEV should remain a primary beneficiary of two powerful secular growth themes, the multi-driver power supercycle and the golden age of natural gas
Adds that this provides GEV with vibrant demand visibility and muscular pricing leverage out through 2030 as evidenced by its order backlog, reservation agreements and aftermarket contracts
26 of 34 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $510 - data compiled by LSEG
Including session's moves, stock up 60.6% YTD
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