Baird Upgrades GE Vernova (GEV) to Outperform Citing Early-Stage Energy Infrastructure Cycle

GE Vernova Inc. (NYSE:GEV) is one of the best IPO stocks to buy right now. On February 4, Baird analyst Ben Kallo upgraded GE Vernova to Outperform from Neutral and significantly raised the price target to $923 from $701. The firm asserted that the current energy infrastructure cycle is in its early stages, which positions GE Vernova as a primary beneficiary.

Based on recent channel checks, Kallo suggested that previous concerns regarding overcapacity are unlikely to manifest in the near or intermediate term. Furthermore, Baird contends that the company’s margin expansion is only just starting.

On January 30, Guggenheim upgraded GE Vernova Inc. (NYSE:GEV) to Buy from Neutral and established a $910 price target. The firm suggested that the market may be underestimating the company’s capacity for cash generation and capital returns, as well as the potential for further margin expansion within its electrification segment.

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 Middle East, and Africa. It has three segments: Power, Wind, and Electrification.

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