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What's Going On With GE Vernova Shares Today?
GE Vernova Inc. (NYSE:GEV) shares are trading lower today. Mizuho analyst Maheep Mandloi initiated coverage with a Buy rating and price target of $154.
The analyst says that GE Vernova benefits from leadership in the gas power business (generating recurring and increasing cash flow), margin expansion in the wind business (led by pricing power), an unprofitable offshore backlog ending by 2026, and a strong presence in grid services and electrification.
In particular, Mandloi estimates EBITDA for the Power business of ~$2 billion ...