Latest news with #CharlesMinervino
Yahoo
24-04-2025
- Business
- Yahoo
GE Vernova To Navigate Tariffs, Analyst Sees Forex Gains Offsetting Headwinds
B Of A Securities analyst Andrew Obin revised the estimates upward for GE Vernova Inc. (NYSE:GEV) following the company's first-quarter results reported on Wednesday. The company reported revenue growth of 11% year-over-year to $8.03 billion and +15% organically, beating the consensus of $7.54 billion and EPS of 91 cents, beating the consensus of 53 cents. GE Vernova reaffirms its 2025 financial outlook, projecting revenue of $36-$37 billion versus the consensus of $37.73 billion and a high-single-digit adjusted EBITDA company stated that this guidance accounts for tariffs and inflation, estimated at $300-$400 million, net of mitigating actions. Obin maintained the 2025 adjusted EBITDA estimate at $3.5 billion (up 73% year-over-year), above the consensus estimate of $3.2 billion. The analyst's projection assumes a 6% year-over-year organic revenue growth and a 360 basis point year-over-year margin expansion. The positive performance in the first quarter and a favorable tailwind from foreign exchange are expected to help offset the increased net tariff headwinds of $300-400 million, adds the analyst. For 2026 too, Obin reiterated the adjusted EBITDA estimate at $5.4 billion (up 53% year-over-year), higher than the consensus estimate of $4.5 billion. The analyst reiterated a Buy rating and a price forecast of $485. Other Ratings: Goldman Sachs analyst reiterated a Buy rating and a price target of $500. Susquehanna analyst Charles Minervino maintained Vernova a Positive rating and raised the price forecast from $370 to $399. Baird analyst Ben Kallo kept an Outperform rating and upped the price target from $387 to $405. Price Action: GEV shares closed higher by 7.26% at $360.49 on Thursday. Read Next:Photo by T. Schneider via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article GE Vernova To Navigate Tariffs, Analyst Sees Forex Gains Offsetting Headwinds originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Globe and Mail
15-04-2025
- Business
- Globe and Mail
Plug Power (PLUG) Gets a Hold from RBC Capital
RBC Capital analyst Chris Dendrinos maintained a Hold rating on Plug Power (PLUG – Research Report) yesterday and set a price target of $2.00. The company's shares closed yesterday at $1.06. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Dendrinos covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Dendrinos has an average return of -14.2% and a 26.09% success rate on recommended stocks. In addition to RBC Capital, Plug Power also received a Hold from Susquehanna's Charles Minervino in a report issued yesterday. However, on April 8, Seaport Global maintained a Sell rating on Plug Power (NASDAQ: PLUG).
