Mixed Analyst Sentiment on GE Vernova (GEV) Amid Oversupply Concerns and PJM Emergency Auction Proposal

GE Vernova Inc. (NYSE:GEV) is one of the best AI energy stocks to buy now.

On January 16, 2026, GE Vernova Inc. (NYSE:GEV) was cited as the clearest winner by Jefferies. The bullish stance comes amid reports that President Trump and several Northeastern US governors laid out a statement of principles for PJM Interconnection to conduct a backstop emergency auction. The move aims to improve electricity affordability and reliability.

However, some analysts remain cautious about GE Vernova Inc.’s (NYSE:GEV) outlook.

Prior to this update, on January 12, 2026, Citi raised its price target on GE Vernova Inc. (NYSE:GEV) from $658 to $708, while reiterating a ‘Neutral’ rating. Earlier, Robert W. Baird downgraded the stock to ‘Neutral’, sharing the sentiment with Citi, but with a $649 price target. Robert W. Baird cited oversupply concerns as the basis for its cautious tone.

Amid this mixed analyst sentiment, at its Investor Day, GE Vernova Inc. (NYSE:GEV) said AI-driven demand is just one growth driver and that a robust backlog is projected to hit $200 billion by 2028, driven by improved margins, enhanced dividend, and buyback expectations.

GE Vernova Inc. (NYSE:GEV) focuses on designing, manufacturing, and servicing power, wind, and electrification technologies. The company delivers flexible, efficient, and low-carbon electricity solutions worldwide.

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.

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Disclosure: None.