GE Vernova Inc. (GEV): Melius Research Gives Room for Upside Surprise

GE Vernova Inc. (NYSE:GEV) is included among the 12 Most Promising Clean Energy Stocks According to Wall Street Analysts.

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GE Vernova Inc. (NYSE:GEV) is one of the leading clean energy firms in the US with stakes in Power, Wind, and Electrification. The firm has a vast installed base of 57,000 turbines, substantial investments in the energy transition and grid modernization, advancements in hydrogen and carbon capture technologies for its gas turbines, and a significant backlog of $116 billion in equipment and services. In addition to wind, hydropower also remains one of the core strengths of the company. The hydropower turbines and generators of GEV represent more than 25% of the current total installed capacity worldwide. Earlier this year, the firm secured an order from Rio Tinto, one of Canada’s largest private producers of hydroelectricity, for the upgrade of eight turbine-alternator units at the Isle Maligne hydropower plant.

On September 15, Melius Research analyst Rob Wertheimer upgraded GE Vernova Inc. (NYSE:GEV) stock to Buy from Hold with a $740 price target. The stock is up 5x since the spin-off, and there’s a lot of room for upside surprises in sell-side estimates as we move toward 2027 and beyond, the analyst told investors in a research note. The analyst sees upside to estimates over the next few years, and a longer tail seemingly developing on the need for power.

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