Eos Energy stock falls after Fuzzy Panda issues short report
Investing.com - Jefferies has reduced its price target on GE Vernova (NYSE:GEV) to $654.00 from $658.00 while maintaining a Hold rating on the stock. The company, currently trading at $584.39, has demonstrated remarkable strength with a 104.8% return over the past year, according to InvestingPro data.
The firm cited a "conservative guide framework" expected at the December Analyst Day, which it believes will not serve as a catalyst against what it describes as "elevated buyside expectations" for the company.
Jefferies noted that management is building optimism for the Electrification segment, but signals remain mixed for the gas bull thesis that has supported investor sentiment.
The research firm expects turbine prices to continue trending higher, with a step-function increase still ahead for GE Vernova in its reported order book, though it observed that order dollars per kilowatt are still lagging expectations, with a potential correction anticipated by the fourth quarter of 2025.
Jefferies also highlighted that discussions about potential upside for the company are shifting toward inorganic growth and R&D investments, supported by an expected $17 billion free cash flow build through fiscal year 2028, plus services revenue.
In other recent news, GE Vernova has reported strong quarterly results, significantly exceeding expectations. The company achieved a segment EBITDA of $977 million, surpassing both Goldman Sachs and consensus estimates by 7% and 11.5%, respectively. This performance was bolstered by the Electrification and Power segments, which exceeded consensus estimates by 12% and 11%. Following these results, Goldman Sachs raised its price target for GE Vernova to $735, maintaining a Conviction Buy rating. RBC Capital also increased its price target to $630, highlighting GE Vernova’s strong third-quarter results and a notable acquisition. Meanwhile, BMO Capital raised its price target to $710, citing robust demand for gas turbines. However, Mizuho lowered its price target to $660, maintaining a Neutral rating, while TD Cowen reduced its target to $680 but maintained a Buy rating, noting weaker wind orders yet positive updates in other areas. These developments illustrate a mixed outlook from analysts on GE Vernova’s future performance.
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