GE Vernova has become a Wall Street favorite as an AI power play.
The massive demand for energy as Big Tech races to build its AI infrastructure has been a tailwind for GE Vernova "Because of how much more power we're going to need —if the projections are accurate to power data centers — to power AI applications, Vernova is definitely a winner," he added.
Vernova's reach is global, with roughly 30% of its revenue stemming from the US. Some of its biggest competitors, like Siemens Energy, Schneider Electric, and ABB, are based abroad.Vernova expects to deliver 70 to 80 heavy-duty gas turbines per year in 2026, up from roughly 55 for the last few years. Servicing those units is also expected to grow substantially.
The analyst reiterated an Overweight rating and increased his bull case scenario price target on the stock to $397 from $371.) 21% year-to-date gain. That's despite negative headlines in the company's most challenged unit — its wind turbines — after incidents of "The bottom line is that we think the stock could use a period of consolidation after its sentiment-driven gains, and we look forward to revisiting our rating if and when the trade becomes less crowded," he said.Aston Villa vs Manchester United LIVE! Premier League match stream, latest score and goal updates today
Manchester United defender Harry Maguire has been forced off through injury at Half-time with summer signing Matthijs De Ligt looking set to come on for the second half. It has been a relatively stea...MADRID — Real Madrid extended Dani Carvajal's contract on Sunday after tests showed he will likely be sidelined for the rest of the season with a serious knee injury.Injury update provided on Real Madrid star Vinícius Jr.
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