TD Cowen's Bianchi Maintains Buy Rating on GE Vernova with $1,235 Target Price

Summary

TD Cowen analyst Marc Bianchi maintained a ‘Buy’ rating on GE Vernova (GEV) with a $1,235 price target Tip Ranks. This follows similar bullish sentiment from Guggenheim ($1,300 PT) and reports that 20% of GEV’s gas power orders are now driven by AI and data center demand, extending the company’s backlog through 2031 Tip Ranks.

Impact Analysis

So basically, GEV is no longer just a ‘green energy’ spin-off; it’s becoming a stealth AI infrastructure play. While the market remains fixated on GE Aerospace’s stellar aftermarket margins Reuters+ 2, the real signal here is the massive duration and shifting composition of Vernova’s backlog. When management reveals that 20% of gas power orders are now coming from data centers—with visibility stretching into 2031—you’re looking at a multi-year supercycle that’s largely de-risked by structural demand .

Bianchi’s $1,235 target suggests growing confidence in this re-rating Tip Ranks. The interesting part isn’t just the rating, but the fact that GEV is the primary beneficiary of the power-hungry LLM era. Everyone’s focused on chips, but GEV provides the actual grid hardware. The main risk is execution on a massive backlog amid global supply constraints benzinga_article, but with Guggenheim eyeing $1,300, the upside remains compelling. I’d read this as a ‘buy the duration’ call—the AI power crunch is real, and GEV owns the solution.