UBS Maintains a Buy Rating on GE Vernova (GEV), Sets a $614 PT

GE Vernova, Inc. (NYSE:GEV) is one of the best stocks to invest in right now. On September 17, UBS analyst Amit Mehrotra maintained a Buy rating on GE Vernova, Inc. (NYSE:GEV) and set a price target of $614.00.

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The same day, GE Vernova, Inc. (NYSE:GEV) announced that it signed an agreement with Enertrag to provide seven 6MW-164m turbines produced at its factory in Salzbergen, Germany, with the deal booked in fiscal Q2 2025.

Management reported that the workhorse turbines would be installed at the Bonacker wind farm in Nordrhein-Westfalen in western Germany.

GE Vernova, Inc. (NYSE:GEV) is an electric power industry with products and services that transfer, generate, convert, orchestrate, and store electricity. Its operations are divided into the Power, Wind, and Electrification segments.

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