GE Vernova LLC Stock Update

Shares of electric services company GE Vernova LLC (NYSE:GEV) rose to over $347 on Wednesday following its investor day presentation.

Analyst Ratings

Morgan Stanley (NYSE:MS) reiterated its overweight rating on GE Vernova with a price target of $367. The company’s 2025 financial targets are relatively in line with expectations, while its 2028 financial targets are set slightly below consensus estimates.

According to a Morgan Stanley research note, GEV’s new targets appear conservative as they do not include:
– Recent price increases
– Variable cost improvements
– Potential upside from future capacity expansion

BofA Global Research also maintained its Buy rating on the Massachusetts-based firm with a price objective of $380.

Dividend and Share Repurchase

On Tuesday, GEV announced that its board declared a $0.25 per share quarterly dividend and approved an initial $6 billion share repurchase authorization. The company expects 2025 revenue to range between $36 billion and $37 billion, with revenue reaching about $45 billion by 2028.