On September 11, GE Vernova Inc. rose 3.04% in pre-market trading, trading at $952.90 per share, with turnover of approximately $11.64 million. The stock rebounded from the prior regular session, during which it had fallen as low as $918.60 amid broad weakness in the industrial sector.
On the news front, Jefferies raised its target price on GE Vernova Inc. from $1,155 to $1,185, implying approximately 24% upside from the current price level, boosting market sentiment. The company has recently secured a series of major global orders, including a partnership with Studsvik and Samsung C&T to advance a four-unit BWRX-300 small modular reactor nuclear project in Sweden with total capacity of approximately 1,200 megawatts, a core equipment supply contract for the UK's largest grid upgrade project, and selection as system integrator for the third stage of the Supernode battery energy storage project in Australia, adding 260 megawatts of storage capacity. Additionally, GE Vernova Inc. previously received the highest A+ growth rating within the S&P Industrial sector, with its order visibility and growth outlook broadly recognized by institutions.
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