GE Vernova Posts Strong Q1: Guidance Reflects Limited Tariff Impact, Says Bullish Analyst
1. GE Vernova's Q1 results beat estimates, supporting stock performance. 2. Analyst Joe Ritchie maintains a Buy rating with a $500 price target. 3. EBITDA was $576 million, exceeding consensus by 34%, driven by strong margins. 4. Power orders rose 28% YoY, with a backlog of 29GW. 5. Share buybacks totaled $1.2 billion, with $8 billion cash balance.