Mizuho Cuts GE Vernova (GEV) PT on Lower Wind and Nuclear Sector Valuations

Group 1 - GE Vernova Inc. (NYSE:GEV) is recognized as a promising stock to consider for investment at this time [1] - Mizuho has reduced its price target for GE Vernova from $677 to $660, citing lower valuation multiples in the wind and nuclear sectors following the earnings report [1][3] - Conversely, Wells Fargo has increased its price target for GE Vernova from $697 to $717, maintaining an Overweight rating due to the Prolec deal and ongoing momentum in Heavy Duty Gas Turbines [2][3] Group 2 - On October 21, GE Vernova announced plans to fully acquire the remaining 50% stake in the Prolec GE joint venture from Xignux, aimed at accelerating growth in its Electrification segment, which is currently the fastest-growing area of the company [3] - The acquisition is expected to enhance GE Vernova's presence and ability to serve customers, particularly in North America [3] - GE Vernova operates as an energy company providing a range of products and services related to electricity generation, transfer, orchestration, conversion, and storage across multiple regions including the US, Europe, Asia, and Africa [4]