GEV Stock Soars To All-Time High As Wall Street Cheers Massive Upgrade And Rare Earth Stockpile Plan

GE Vernova expects revenue to reach $52 billion by 2028, up from its earlier forecast of $45 billion, along with a higher adjusted EBITDA margin of 20%.

• GE Vernova is working with the U.S. government to expand stockpiles of yttrium, a critical rare earth metal, Reuters reported.
• The company increased its share repurchase authorization to $10 billion from $6 billion.
• JPMorgan raised GE Vernova’s target price to $1,000 from $740 and maintained an ‘Overweight’ rating.
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