On July 30, GE Vernova Inc. rose 5.81% in regular trading, trading at 965.66 USD/share, with turnover of $343 million. The stock rebounded as multiple investment banks raised their target prices following a more than 10% pullback triggered by Q2 EPS missing expectations.

Specifically, Oppenheimer raised its target price from $1,303 to $1,338, RBC Capital Markets lifted its target to $1,225 while maintaining an Outperform rating, and Mizuho raised from $913 to $949. The upgrades came after the company reported Q2 adjusted EPS of $2.47, approximately 22% below the consensus estimate of $3.18, with wind segment EBITDA losses widening to $275 million.

Despite the near-term earnings shortfall, the company stated its gas turbine orders are mostly sold out through 2030, and significantly raised full-year free cash flow guidance to $11.5-$12.5 billion. RBC noted the post-earnings pullback was primarily driven by crowded positioning rather than fundamental deterioration, with long-term fundamentals now being re-recognized by the market.

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