GE Vernova Inc. (NYSE:GEV) shares are trading lower on Thursday. Truist Securities analyst Jordan Levy initiated coverage on the company with a Buy Rating and a price target of $300.
The analyst writes that GEV is uniquely positioned to capitalize on the multiple secular tailwinds driving the energy transition.
Notably, the analyst anticipates further upside as GEV accelerates growth and margin expansion, driven by significant shifts in U.S. power demand.
Levy writes that GEV is in the early stages of a growth inflection that will significantly enhance shareholder value through future buybacks and dividends, as well as an exceptional M&A ...
