GE Vernova's Continued Momentum Brings 2028 Margin Improvement Goals Forward, RBC Says

MT Newswires Live
2025/07/24

GE Vernova's (GEV) continued momentum has brought forward its 2028 margin improvement goals to 2026, RBC said in a Thursday note, adding that the company is yet to see benefits from a 12-point equipment margin expansion in its backlog and price increases this year.

In the electrification segment, GE Vernova is seeing "very strong momentum" and expects its equipment backlog to grow by at least as much in 2025 as it did in 2023 and 2024, RBC said.

RBC said that GE Vernova's wind business continues to face "challenges", adding that there could be near term upside if customers could safe harbor ahead of the investment tax credit and clean electricity production tax credit terminations in 2027.

The firm rated the company outperform and raised its price target to $631 from $561.

Price: 626.88, Change: -2.15, Percent Change: -0.34

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