Joining the post halfway in.
From TheStreet, December 18:
Here’s what could be next for GE Vernova stock....
....Bank of America bullish on GEV stock
Bank of America analyst Andrew Obin has a $804 price target and a buy rating on GE Vernova stocks, citing strong demand for power and grid equipment, according to a Dec. 16 research note sent to TheStreet.
Obin said GE Vernova remains “laser focused on execution” as regulatory (for example, the Environmental Protection Agency is reconsidering air regulations on power plants), data center, and electrification trends all stand in the company’s favor.
The analyst added that his target multiple for GE Vernova represents a premium to the roughly 14 times peer average on 2026 estimates, reflecting GE Vernova’s stronger financials.
“We argue a premium multiple is warranted given above-peer earnings growth and margin trajectory,” said Obin.
What’s boosting the need for power generation and grid equipment is not just data centers, but also building electrification and electric vehicles, Obin said in an earlier Dec. 10 research note.
“We see data center growth, building electrification, and electric vehicle adoption driving faster electrical load growth. This should drive increased demand for power generation and grid equipment as well as gas power services,” he said.
GE Vernova stock is up roughly 95% year-to-date as of Dec. 18.
I'm assuming the earlier "Wind: "Vestas Soars 74% in 2025 on Order Growth, Easing Policy Fears"" might be an indicator for another part of GEV, one that we don't even consider in various valuation exercises.
