The analyst reiterates a Strong Buy rating on GE Vernova following strong Q2 2026 results that highlight a shift in the AI infrastructure market from chips to electricity. Key growth drivers include increased demand for gas turbines, capacity expansion, grid equipment orders, Prolec GE, and rising data center needs. The updated price target is $1,864 per share, suggesting an 88% upside from current prices. Risks include valuation pressure, slower backlog conversion, manufacturing challenges, and ongoing losses in the wind segment.
The U.S. Department of Energy's National Nuclear Security Administration chose Amentum to negotiate a lease for a 1-gigawatt AI data center paired with 2 gigawatts of on-site power generation at the Savannah River Site. The project will initially use...
Constellation Energy's venture arm has made its first equity investment in Blue Energy, a U.S. developer of advanced small modular reactors (SMRs). This move supports Blue Energy's efforts to scale nuclear power projects using a gas-to-nuclear model ...
