GE Vernova Draws Fresh Upgrades on AI Power Thesis After Share Pullback

Overview

• Wells Fargo lifted its GE Vernova price target to $831 and raised 2026 and 2028 EBITDA and EPS forecasts, citing stronger gas‑turbine pricing, improved deliveries and lower variable costs.
• UBS increased its target to $835 after the company’s analyst meeting, arguing long‑term guidance looks conservative and highlighting potential for higher incremental margins in Power.
• Jefferies upgraded the stock to Buy with an $815 target, pointing to rising gas pricing and clearer services margins tied to data‑center power needs.
• Shares are down roughly 15% since the December analyst day, which Jefferies attributes to broader data‑center and AI macro worries, but the firm sees a buyable pullback given contracted services stretching into the 2030s.
• Jim Cramer praised the stock as a “home run” and noted gas generator capacity is largely sold out into 2028–2030 and that meaningful nuclear contributions likely come closer to 2035.