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GEVBullishIndustry Newsnews

High materiality7/10

BofA Sees Strong Growth for GE Vernova on Gas-Power and Grid Demand

Jul 16, 2026, 2:16 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Bullish due to a confirmed Buy rating, a clear long-term growth path, and a high-order backlog outlook that could drive EBITDA expansion and multiple re-rate.

AI summary

What happened, with direct paths to the underlying reporting

BofA Securities remains bullish on GE Vernova, citing strong demand for power-generation and grid equipment. The firm reiterates a Buy rating with a $1,310 target, forecasting 59% year-over-year order growth to $19.6B in Q2, led by Gas-Power and Electrification. A separate Berlin grid win underscores Electrification momentum, while Wind remains a near-term drag and overall 2026 targets look achievable.

BofA remains Buy on GE Vernova with a $1,310 target.
Q2 orders forecast at $19.6B, up 59% YoY; Power, Electrification lead.
Gas-power: 13 GW of contracts; Power revenue $5.61B, EBITDA 17.9%.
Wind revenue to $1.88B with a $280M EBITDA loss; Berlin grid wins noted.
2026: revenue $45.49B, EBITDA $6.27B, FCF $7.35B; valuation linked to 2027 EBITDA.

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