Hitachi Energy India, GE Vernova rise after J.P.Morgan assigns 'overweight'

ReutersApr 9, 2026 5:18 AM

High voltage (HV) power equipment makers Hitachi Energy India HITN.NS and GE Vernova GETD.NS rise 2% and 4% respectively, while Siemens Energy SIEE.NS drops 0.7%

J.P.Morgan initiates coverage with "overweight" on HITN, GETD and "neutral" on SIEE

Projects 12% upside for HITN, 15.4% for GETD by March 2027, 3.8% downside for SIEE

Says HV power equipment makers in "decadal upcycle" driven by India's 470 GW solar, wind capacity addition plan

Notes high voltage direct current (HVDC) adoption, rising order books as sector positives

Brokerages says preference framework within sector is based on revenue visibility, localisation plus HVDC capability, margin improvement visibility

YTD, HITN up 44.6%, GETD gains 24.3%, SIEE rises 5.1%

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