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.
美國通用電氣公司（GE Vernova Inc.，紐交所：GEV）的股票正在上漲，據BofA證券分析師Andrew Obin的升級評級，從中立升級爲買入，並將其目標股價從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.
該分析師寫道，儘管電網相關支出的增加將有利於電氣化領域，但他們認爲燃氣動力服務（佔收入的29%）的潛力被投資者低估了。
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.
特別是，該分析師表示，從2014年到2024年，美國聯合循環發電廠的電力發電量以5.1%的複合年增長率增長，而簡單循環燃氣輪機以11.6%的複合年增長率增長。
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，利用率的增加已經推動GEV的交易服務業務增長，預計從2020年到2023年的複合年增長率約爲8%。
Also Read: Power And Electrification Propel GE Vernova's Q2 Performance, Wind Orders Lag, Guidance Raised
此外閱讀: 電力和電氣化推動通用電氣公司Vernova的第二季度業績，風能訂單滯後，預計指引上調
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預計GEV將在未來幾個季度持續表現優異並超出預期。因此，分析師上調了2025/2026年的預期，因爲預計燃氣動力服務的盈利增速將更快。
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將2025年調整後的EBITDA預估增加了5億美元，至36億美元，將2026年的估值增加了11億美元，至54億美元。這些預估值分別比當前的共識預估值高出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).
投資者可以通過Invesco S&P Spin-Off ETF（紐交所：CSD）和Fidelity Clean Energy ETF（BATS：FRNW）獲得該股的股票 Exposure。
Price Action: GEV shares are up 3.78% at $238.63 at the last check Tuesday.
價格行動：GEV股票在上週二最後一次檢查時上漲3.78％，至238.63美元。
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