GEV

As the stock's momentum continues to build, the price per share could soon rise above $1,000 again.

GE Vernova reported blowout quarterly numbers and a $9 billion acquisition, but investors are still finding reasons to sell.

GE Vernova caught an upgrade on Friday, partly because AI demand remains strong. Meanwhile, a Caterpillar target price got slashed.

HSBC raised its price target to $1,100 from $1,040 and said GE Vernova’s wind division “looks largely derisked,” according to The Fly.

GE Vernova (NYSE:GEV) agreed to acquire Trench Group for US$9b, expanding its Electrification segment capacity. The deal brings high voltage grid equipment manufacturing in house and deepens GE Vernova’s vertical integration in grid hardware.

The acquisition of Trench Group will help GE Vernova capitalize on rising electricity demand, company executives said.

GEV's Q3 earnings beat, rising gas turbine pricing, $197B backlog and $9B Trench deal highlight stronger margins and expanding grid opportunities.

Key TakeawaysGE Vernova stock is 24% below its June 30 high, and on Oct. 29 Susquehanna kept its Positive rating with a $1,250 target, 38% above the current price.

Sold out on gas turbines, GE Vernova now wants to take over the grid that powers the AI boom.

GE Vernova just posted record backlog and raised its cash guidance by billions, yet the stock keeps falling. What the market is missing about the gigawatt supercycle could determine whether this pullback is a warning or a window.