GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst
GE Vernova's Gas Power Services Underappreciated & Poised For Growth: Analyst
Hence, an increase in utilization is already boosting growth in GEV's transactional services, which are rising at an approximately 8% CAGR from 2020 to 2023.GE Vernova Inc. (NYSE:GEV) shares are trading higher after BofA Securities analyst Andrew Obin upgraded the stock from Neutral to Buy and raised its price target from $200 to $300.
美国通用电气公司（GE Vernova Inc.，纽交所：GEV）的股票正在上涨，据BofA证券分析师Andrew Obin的升级评级，从中立升级为买入，并将其目标股价从200美元提高到300美元。
The analyst writes that while rising grid-related spending benefits the Electrification segment, they believe the potential of Gas Power Services (29% of revenue) is underappreciated by investors.
该分析师写道，尽管电网相关支出的增加将有利于电气化领域，但他们认为燃气动力服务（占收入的29%）的潜力被投资者低估了。
Notably, the analyst writes that electricity generation for U.S. combined cycle plants has grown at a 5.1% CAGR from 2014 to 2024, while simple cycle gas turbines have grown at an 11.6% CAGR.
特别是，该分析师表示，从2014年到2024年，美国联合循环发电厂的电力发电量以5.1%的复合年增长率增长，而简单循环燃气轮机以11.6%的复合年增长率增长。
Hence, an increase in utilization is already boosting growth in GEV's transactional services, which are rising at an approximately 8% CAGR from 2020 to 2023.
因此，利用率的增加已经推动GEV的交易服务业务增长，预计从2020年到2023年的复合年增长率约为8%。
Also Read: Power And Electrification Propel GE Vernova's Q2 Performance, Wind Orders Lag, Guidance Raised
此外阅读: 电力和电气化推动通用电气公司Vernova的第二季度业绩，风能订单滞后，预计指引上调
Obin expects GEV to outperform and exceed expectations in the coming quarters consistently. Consequently, the analyst raised the 2025/2026 estimates due to anticipated faster earnings growth in Gas Power Services.
Obin预计GEV将在未来几个季度持续表现优异并超出预期。因此，分析师上调了2025/2026年的预期，因为预计燃气动力服务的盈利增速将更快。
Obin raised the 2025 adjusted EBITDA estimate by $0.5 billion to $3.6 billion and the 2026 estimate by $1.1 billion to $5.4 billion. These estimates are 16% and 27% higher than the current consensus, respectively.
Obin将2025年调整后的EBITDA预估增加了5亿美元，至36亿美元，将2026年的估值增加了11亿美元，至54亿美元。这些预估值分别比当前的共识预估值高出16%和27%。
Investors can gain exposure to the stock via Invesco S&P Spin-Off ETF (NYSE:CSD) and Fidelity Clean Energy ETF (BATS:FRNW).
投资者可以通过Invesco S&P Spin-Off ETF（纽交所：CSD）和Fidelity Clean Energy ETF（BATS：FRNW）获得该股的股票 Exposure。
Price Action: GEV shares are up 3.78% at $238.63 at the last check Tuesday.
价格行动：GEV股票在上周二最后一次检查时上涨3.78％，至238.63美元。
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