HSBC Raises GE Vernova (GEV) PT to $580, Cites Potential for a US Onshore Demand Rebound

GE Vernova Inc. (NYSE:GEV) is one of the best IPO stocks to buy and hold for 3 years. On September 5, HSBC analyst Sean McLoughlin raised the firm’s price target on GE Vernova to $580 from $570, while maintaining a Hold rating on the shares. The firm believes that GE Vernova stands to benefit most from any US onshore demand rebound. The Trump admin’s intervention in offshore wind is high. But in onshore, a newly opened window for developers to lock in tax credits to 2030 can drive a rebound in demand from ...