GE Vernova (GEV) is poised for strong Q2 orders due to multiple gas turbine orders intra-quarter, Bofa said in a Thursday note.
The orders are estimated to be about $11.8 billion, which is 6% above the $11.1 billion consensus, the note said.
The company's stocks are presently valued at 22 times the consensus. According to BofA, the 2027 estimate for EBITDA of $7 billion is still 10% above the consensus of $6.4 billion.
As the US wind tax credits blow away, it could lead to an increase in US onshore wind orders in H2 2025 and H1 2026 as developers hurry to commence construction ahead of the cutoff, the note said.
BofA raised its price target to $620 from $550, with a buy rating.
Shares of GE Vernova added more than 2% in recent trading Thursday.
Price: 576.52, Change: +15.35, Percent Change: +2.74
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。