Overview
- Morgan Stanley lifted its target to $960 with an Overweight rating and Evercore ISI moved to $940 with Outperform, sending shares up more than 7% intraday versus a 2.1% rise in the S&P 500.
- Morgan Stanley cited stronger demand and firmer pricing for turbines, noting utilities plan to extend gas-plant builds beyond 2030.
- GE Vernova guides to 20 gigawatts of annualized gas turbine deliveries by mid-2026 and roughly 24 gigawatts by 2028 after a 54% year-over-year jump in 2025 orders.
- Reports of a $40 billion U.S.-Japan small modular reactor initiative in Tennessee and Alabama lifted sentiment, though it is not a confirmed contract for the company.
- The company completed a $2.6 billion senior notes offering to fund the remaining Prolec GE stake and declared a $0.50 quarterly dividend, while Evercore raised 2026–2028 EBITDA estimates and pointed to strong Q1 orders and free cash flow.