The Zhitong Finance App learned that Bernstein released a research report reaffirming the “outperforming market” rating of GE Vernova (GEV.US) and gave a target price of 1,298 US dollars, which is 69% higher than the latest closing price. The central point of the report is that the “duration” of the current electricity demand cycle is more important than the “peak.” Bernstein believes that the current power cycle is structurally different from the previous cycle — demand comes from a wider range of sources, real money endorsements from customers, and equipment sales are building a long-term and more profitable service business foundation.

The Zhitong Finance App learned that Bernstein released a research report reaffirming the “outperforming market” rating of GE Vernova (GEV.US) and gave a target price of 1,298 US dollars, which is 69% higher than the latest closing price. The central point of the report is that the “duration” of the current electricity demand cycle is more important than the “peak.” Bernstein believes that the current power cycle is structurally different from the previous cycle — demand comes from a wider range of sources, real money endorsements from customers, and equipment sales are building a long-term and more profitable service business foundation.