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Baird Highlights GE Vernova’s (GE) Accelerated Free Cash Flow and AI-Driven Growth Targets
Yahoo Finance· 2025-12-28 17:46
Core Insights - GE Vernova Inc. is recognized as one of the best performing stocks in the S&P 500 for 2025, with Baird raising its price target from $706 to $816 while maintaining an Outperform rating [1] Business Developments - GE Vernova's Electrification Systems business secured a significant contract from Adani Energy Solutions Ltd. to provide HVDC technology for the Khavda–South Olpad transmission corridor in India, aimed at facilitating renewable power evacuation [2] - The project will feature a capacity of 2.5 gigawatts (2,500 MW), marking it as the highest-rated VSC-based HVDC system planned in India, with GE Vernova supplying a ±500 kV bipolar system consisting of two 1,250 MW links [3] - The project will utilize the advanced eLumina control platform to ensure stable grid operations and will be managed by GE Vernova's local teams in India, with completion targeted for 2030 and formal order booking expected in H1 2026 [4] Company Overview - GE Vernova Inc. operates as an energy company providing a range of products and services for electricity generation, transfer, orchestration, conversion, and storage across multiple regions including the US, Europe, Asia, and Africa, through its segments: Power, Wind, and Electrification [5]