GE Vernova Set For $17.6 Billion Order Boom As Data Centers Panic Over Grid Delays
GE Vernova (NYSE: GEV) is expected to report strong Q4 results on Jan. 28, with adjusted EBITDA of $1.5B, exceeding consensus estimates. Analyst Andrew Obin maintains a Buy rating with a price target of $804. The company anticipates $17.6B in orders, a 33% YoY increase, including $10B in Power, $5.6B in Electrification, and $2.2B in Wind. Gas turbine orders are projected at 11 GW, up from previous quarters. CEO Strazik notes data centers are shifting to on-site power due to grid uncertainty. GEV shares rose 1.75% to $650.98.
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