GE Vernova (GEV) Gets Price Target Boost Amid Stronger Outlook

GE Vernova Inc. (NYSE:GEV) is one of the best alternative energy stocks to buy right now. On August 15, Jefferies reaffirmed its Hold rating on GE Vernova and raised its price target from $620 to $658, citing improved EBITDA projections. The firm updated its financial model, lifting its FY2028 EBITDA estimate by 5%, driven by a shift toward higher-margin service revenue.

GE Vernova (GEV) Gets Price Target Boost Amid Stronger Outlook

High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers.

Jefferies expects GE Vernova’s Power segment to reach EBITDA margins in the high 20% range by the 2030s, supporting a more positive long-term outlook for the company. While pricing trends remain favorable, the firm flagged potential softening after a competitor reported slower, but still positive, price momentum.

GE Vernova beat Q2 2025 expectations with EPS of $1.86 and revenue of $9.11 billion, up 11% year-over-year and 12% organically. Driven by strong equipment and services performance, the company raised its full-year guidance, projecting revenue near the top of its $36–$37 billion range, boosting its EBITDA margin forecast to 8–9%, and increasing free cash flow guidance to $3.0–$3.5 billion.

GE Vernova Inc. (NYSE:GEV) is a global energy firm specializing in electricity generation, transmission, and storage. It operates through three segments: Power (gas, hydro, nuclear, steam), Wind (onshore and offshore turbines), and Electrification (grid solutions, solar, storage, and software).

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