BofA Securities remains bullish on GE Vernova Inc. (NYSE:GEV) as strong demand for power-generation and grid equipment continues to support the company’s growth outlook.
Analyst Andrew Obin reiterated a Buy rating on the stock with a $1,310 price forecast.
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Obin expects strong second-quarter order growth, driven by demand for gas-power and grid equipment. BofA Securities forecasts total orders of $19.6 billion, up 59% year over year and slightly above the $19.4 billion consensus estimate.
The projection includes $11.1 billion in Power orders, $7 billion in Electrification orders, and $1.6 billion in Wind orders.
