GE Vernova rises after BMO Capital Markets hikes PT on stock

GE Vernova T&D India

08/07/2025 13:25

** Brokerage BMO Capital Markets raises PT on power equipment maker GE Vernova GEV.N to $590 from $522, maintains "outperform" rating

** New PT implies an upside of more than 11% to stock's last close

** Shares rise 1.1% to $536.50 premarket

** Brokerage remains constructive on GEV's service growth revenue beyond 2030 based on co's long-term service agreements on gas turbine equipment orders

** "By 2035 GEV will drive nearly 2.5 times the amount of annual long-term service revenue compared to what it recognized in 2024 at nearly 1000bps higher gross margins" - BMO

** 25 brokerages rate the stock "buy" and higher, 8 "hold"; median PT is $506.31

** Stock up 61.21% YTD, as of Monday's close

(Reporting by Ankita Yadav in Bengaluru)

((Ankita.Yadav@thomsonreuters.com;))