JPMorgan analyst Mark Strouse raised the firm’s price target on GE Vernova to $186 from $176 and keeps an Overweight rating on the shares. The analyst believes U.S. load growth, occurring before electricity generation capacity growth, will likely result in higher industry utilization rates and drives a near-term uptick in GE Vernova’s gas power services business, potentially providing upside to fiscal 2024 and 2025 guidance and consensus estimates. . Additionally, the firm believes consensus estimates in fiscal 2026 and beyond do not fully appreciate the growth and margin potential of the company’s Electrification segment.
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