Seaport Research Partners initiates coverage on GE Vernova with 'buy'

** 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