Mizuho Securities analyst Maheep Mandloi has reiterated their bullish stance on GEV stock, giving a Buy rating on January 29.
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Maheep Mandloi has given his Buy rating due to a combination of factors highlighting GE Vernova Inc.’s potential for growth and strong market position. The company shows robust pricing power in its gas business, which is bolstered by new strategic partnerships aimed at solidifying its power sector presence in a zero-carbon economy. The firm’s power and electrification segments remain strong, with expectations of continued improvement in free cash flow conversion and potential growth from wind energy recovery and zero-carbon technologies.
Additionally, GE Vernova Inc. is well-positioned to benefit from increased AI investments, which support the demand for its gas and grid operations. The company has demonstrated improved productivity, leading to an anticipated increase in power GW deliveries, while maintaining higher average selling prices due to rising power prices. Strategic partnerships, such as those with major natural gas turbine operators and oil & gas companies, further enhance its ability to deliver zero-carbon solutions. These factors contribute to Maheep Mandloi’s optimistic outlook and the Buy rating for GE Vernova Inc.’s stock.