Overview
- GE Vernova fell more than 4% on Wednesday after Rothschild Redburn’s Simon Toyne cut the stock to sell with a $475 target, citing unrealistic margin assumptions and a volatile gas-turbine market.
- Countering the downgrade, GLJ Research raised its target to $758 with a buy rating and Mizuho lifted its target to $677 while maintaining neutral.
- Earlier this month, RBC moved the shares to sector perform with a $605 target, arguing the market already discounts long‑term earnings and warning that growth could slow later in the decade.
- Forbes outlined a path to $900–$1,000 per share that would require revenue of roughly $55–$60 billion by 2028 and mid‑teens operating margins, while warning the current near‑50× forward P/E and ~90× EV/EBITDA leave little room for error.
- Recent company updates include a Verizon partnership making GEV’s MDS Orbit industrial wireless platform available on Verizon’s network for grid modernization uses and a $0.25 quarterly dividend payable November 17 to holders of record on October 20.