GE Vernova Earnings: Robust Gas Power and Grid Equipment Orders Partially Offset by Wind Challenges
No-moat GE Vernova saw strong order trends in its gas power and electrification segments offset by weak orders and recent negative headlines in its wind business. We plan to incorporate the results into our model in the coming days, but at first glance, we expect to increase our $148 fair value estimate by a mid-single-digit percentage. We view shares as fairly valued.