受益于乐观的2026年营收展望及回购计划加码，GE Vernova股价创历史新高。周三，这家电力设备制造 商的股价飙升至历史新高，因其对2026年营收作出更高预测，并将股票回购计划规模扩大40亿美元。 人工智能及其他数据密集型行业激增的电力需求，正推动该公司电网和燃气轮机业务强劲增长。 William Blair分析师Jed Dorsheimer表示，公司的投资者日活动"全面开花"。他指出，GE Vernova所有可 预定的燃气轮机产能已售罄至2028年，预计订单可见度将延续至2030年。该公司在另一份文件中称，预 计到年底将签署800亿瓦联合循环燃气轮机合同。 2025年以来，GE Vernova（GEV）股价涨幅显著，年内累计上涨超过115%。这一飙升反映了异常强劲 的需求背景，主要受人工智能（AI）相关电力消费加速、电气化举措全面铺开以及全球脱碳进程推进 等因素驱动。这些结构性顺风正在推动对先进能源基础设施的持续需求，GE Vernova正从中受益。 GEV的业务组合涵盖发电、电网输电和储能技术。随着资本投入数据密集型领域、大规模基础设施现 代化以及建筑和交通系统的电气化努力，GE Vernova有望实 ...

(Reuters) - U.S. power equipment maker GE Vernova said on Thursday it agreed to sell Proficy, its industrial software business, to asset management firm TPG for $600 million as part of cost-cutting measures. Shares of the company rose 1.2% to $651 in premarket trade. Proficy currently accounts for about 20% of GE Vernova’s electrification software revenue, which more than doubled to $332 million in the second quarter from a year ago. In April, GE Vernova said on its first-quarter call it expects a $300 ...

Investment Rating - The report assigns an "Overweight" (OW) rating to several companies in the Asia Power Equipment and China Utilities sector, indicating a positive outlook for these stocks [8][24]. Core Insights - Investor sentiment remains bullish on the electrification theme, with strong demand for power equipment and a positive outlook for companies like Hyundai Electric and LS Electric [4][5]. - There is a notable divergence in investor views regarding Korean power equipment stocks, with some investors concerned about high valuations after a recent rally, while others see potential upside due to favorable demand dynamics [2][5]. - Huaming Equipment is highlighted as a laggard in the global transformer value chain, with potential for growth given its attractive valuation compared to Korean peers [2][6]. Summary by Sections Investor Positioning - Investors are generally bullish on the electrification theme, holding large-cap names such as Nari Technology and Hyundai Electric [4]. - There has been a recent increase in positioning within the power equipment sector following a pullback in April [4]. - Hyundai Electric is favored for its significant exposure to the US market, while LS Electric is noted for its data center equipment supply [6]. Korean Power Equipment - Global investors have become more receptive to positive views on Korean power equipment, driven by strong demand and reduced trade concerns [4][5]. - Despite a recent rally, valuations for Korean names are considered reasonable compared to global peers [5]. - Key players like Hyundai Electric and LS Electric are highlighted for their growth potential, particularly in high-voltage equipment and data center supplies [6]. Chinese Power Equipment - Interest in Chinese power equipment names is low, with Huaming Equipment gaining attention as a potential recovery play [2][6]. - Investors are cautious about the fundamentals of Chinese utilities, particularly regarding natural gas volume growth and tariff cuts [7]. - Kunlun Energy is noted as a standout among Chinese utilities due to its strong cash position and consistent payout increases [7]. Valuation Comparisons - The report includes a valuation comparison table showing various metrics such as P/E ratios and market caps for companies in the sector, indicating a range of valuations across different firms [8].