On October 1, GE Vernova Inc. rose 3.18% in regular trading, reaching $980.15 per share, with turnover of $10.29 billion. The stock rebounded from recent weakness as multiple Wall Street firms reinforced bullish outlooks on the power equipment giant.

On the catalyst front, Evercore ISI reiterated its Outperform rating and $1,350 price target on GE Vernova Inc. shares, citing raised estimates. The stock has delivered a 57% gain over the past 52 weeks. Separately, Deutsche Bank adjusted its price target to $1,121 from $1,308 while maintaining a Buy rating. According to FactSet, GE Vernova Inc. carries an average analyst rating of overweight with a mean price target of $1,207.37, and nearly 80% of covering analysts rate it a Buy.

Fundamentally, the company reported second-quarter new orders surging 88% year over year to $24.2 billion, with electrification segment data center orders alone exceeding $5 billion in the first half. Full-year consensus estimates project earnings of $30.49 per share and revenue of $46.29 billion, representing gains of 72.36% and 21.61% respectively. GE Vernova Inc. is a global leader in the electric power industry, providing products and services across power generation, transfer, conversion, and storage, supporting electrification and decarbonization.

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