GE Vernova gains after TD Cowen raises PT post Q2 profit beat

GE Vernova T&D India

25/07/2025 15:31

** Shares of power equipment maker GE Vernova GEV.N hits record high, now up 3.8% at $648.48

** TD Cowen raises price target to $685 from $390; new PT implies a 9.7% upside to stock's last close

** Brokerage raises PT on GEV after it raised its full-year free cash flow forecast and beat Wall Street estimates for second-quarter profit on Wednesday

** "GEV's offerings in gas power, nuclear, and electrification (grid), position the company well to participate in the various phases of electricity supply growth we see in the coming decades" - brokerage

** 25 out of 34 brokerages rate the stock "buy" or higher, and 9 "hold"; median PT is $631 - data compiled by LSEG

** GEV shares have nearly quadrupled in the last one year

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))