We're raising our GE Vernova price target as shares deservedly hit all-time highs (www.cnbc.com)

GE Vernova's stock has surged to all-time highs following optimistic fiscal guidance that extends to 2028, marking a significant milestone for the energy equipment company. CEO Scott Strazik highlighted the company's strong growth strategy, driven by an integrated approach encompassing margin expansion through enhanced productivity, price adjustments, and increased volume—partly fueled by investments in robotics and AI. The company projects its total backlog will climb from $135 billion to over $200 billion by 2028, underscoring its robust positioning to meet demand from major tech customers amid rising AI-related energy needs. Financially, GE Vernova has elevated its revenue expectations for 2028 to $52 billion, with adjusted EBITDA margins forecasted to reach 20% compared to previous estimates of 14%. This optimistic outlook includes a significant increase in free cash flow expectations, now projected at over $22 billion for the 2025-2028 period. These prospects not only demonstrate the company's resilience and ambitious growth plans but also signify its critical role in supporting energy solutions for the burgeoning AI sector, solidifying GE Vernova's place as a key player in the intersection of energy technology and artificial intelligence.