JPMorgan Lifts GE Vernova (GEV) PT to $715 Following Strong Q2 Performance

GE Vernova Inc. (NYSE:GEV) is one of the most profitable new stocks to buy now. On July 24, JPMorgan analyst Mark Strouse upgraded the price target for GE Vernova to $715 from $620, while keeping an Overweight rating on the stock. The revision followed GE Vernova’s Q2 performance exceeding expectations across all key areas. Strouse particularly highlighted the encouraging improvement in the company’s margins.

In Q2 2025, the company reported orders of $12.4 billion, which was up 4% year-over-year. Revenue increased by 12% due to higher equipment and services revenues and reached $12.4 billion. The equipment backlog grew from $45 billion to $50 billion in Q2, which contributed to a total backlog of $129 billion.

The Power Segment EBITDA Margin stood at 16.4%, while the Electrification Segment EBITDA Margin was 14.6%. However, Wind Segment EBITDA Losses increased by approximately $50 million year-over-year. Year-to-date, the company has spent $1.6 billion on stock buybacks. For the full year, GE Vernova is now trending towards the higher end of its revenue guidance of $36 billion to $37 billion and has raised its full-year Free Cash Flow guidance to $3 billion to $3.5 billion.

However, the European HVDC orders are weaker in 2025 due to affordability challenges, which impacts the company’s electrification segment. The company incurred additional costs in the wind segment due to tariffs. GE Vernova also announced planned restructuring costs of ~$250 million to $275 million over the next 12 months.

GE Vernova Inc. (NYSE:GEV) is an energy company that provides various products and services that generate, transfer, orchestrate, convert, and store electricity in the US, Europe, Asia, the Americas, the Middle East, and Africa.

While we acknowledge the potential of GEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.