BNP Paribas downgrades GE Vernova stock to Hold amid limited turbine capacity

12 articles · Updated · Barron's · Apr 27

BNP Paribas raised its target price for GE Vernova to $1,190 but cut its rating to Hold from Buy, citing sold-out turbine capacity through 2030.
GE Vernova shares surged nearly 14% after strong Q1 results and are up 209% over the past year, fueled by soaring power equipment demand from AI data centers.
Despite the downgrade, 74% of analysts still rate GE Vernova a Buy, well above the S&P 500 average, as electricity demand accelerates and Wall Street raises price targets.

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