GE Vernova Gains Investor Confidence With Strong Revenue Outlook And Path To Higher Margins, Say Analysts [Yahoo! Finance]
GE Vernova Inc. (GEV)
Company Research
Source: Yahoo! Finance
The company reported revenue growth of 8% year-over-year to $8.913 billion and +10% YoY organically, beating the consensus of $8.783 billion Loss per share for the quarter stood at $0.35, compared to a $0.62 loss a year ago, missing the EPS consensus of $0.32 GE Vernova expects FY24 revenue to trend towards the higher end of $34 billion – $35 billion versus $34.93 billion estimate. Morgan Stanley analyst Andrew S Percoco raised the price target to $301 from $256 with an Overweight rating. The analyst writes that he sees a pathway to 20% EBITDA margins for GEV later this decade. Currently, Percoco anticipates gas power margins to peak in the high teens (up from mid-teens) depending on pricing and disclosures at GEV's upcoming investor day. The analyst anticipates GEV to provide an adjusted EBITDA margin target of at least 13%-15% for 2028 at its December 10 investor day, up from its current 10% guidance, with upside potential if previous gas turbine cycle margins of over 2
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GEV
News
- AI Power Demand Might Actually Turn Out to Be Good for Climate [Financial Post (Toronto, Ontario, Canada)]Financial Post
- AI Power Demand Might Actually Turn Out to Be Good for Climate [Yahoo! Finance]Yahoo! Finance
- Unveiling Southeast Asia's Energy Transition at SIEW 2024 [Yahoo! Finance]Yahoo! Finance
- GE Vernova Inc. (NYSE: GEV) had its price target raised by analysts at Truist Financial Co. from $300.00 to $325.00. They now have a "buy" rating on the stock.MarketBeat
- GE Vernova Inc. (NYSE: GEV) had its price target raised by analysts at Morgan Stanley from $256.00 to $301.00. They now have an "overweight" rating on the stock.MarketBeat
GEV
Earnings
- 10/24/24 - Miss
GEV
Sec Filings
- 9/5/24 - Form 4
- 8/26/24 - Form 4
- 8/26/24 - Form 4
- GEV's page on the SEC website