RBC Capital Markets Downgrades GE Vernova, Inc. (GEV) from Outperform to Sector Perform

Core Insights - GE Vernova, Inc. (NYSE:GEV) has garnered significant hedge fund interest and is trending on Reddit, earning a place on the list of the 10 Best Non-Tech Stocks to Buy According to Reddit [1] Group 1: Analyst Ratings and Market Outlook - RBC Capital Markets downgraded GE Vernova, Inc. from Outperform to Sector Perform on October 1, citing that the stock's excellent long-term outlook is already priced in [2] - The bank expressed concerns about potential revenue growth slowdown in GE Vernova's core power company towards the end of the decade, despite ongoing demand for power generation and grid infrastructure [2] - RBC set a price target of $605 for GE Vernova based on projected earnings for 2030, which is slightly below market expectations [3] Group 2: Revenue Projections - RBC forecasts wind revenue for GE Vernova at $7.8 billion and power revenue at approximately $30 billion, compared to the $33 billion average market expectation [3] - The company is projected to generate around $18 billion in income from electrification by 2030, as it operates in a market worth over $100 billion [3] Group 3: Company Overview - GE Vernova, Inc. is a global electric power provider offering products and services for producing, transferring, converting, and storing electricity across its Power, Wind, and Electrification sectors [4]