Fubon Securities Adjusts GE Vernova Price Target
Fubon Securities has lowered its price target for GE Vernova from $1,096 to $1,000.
Stocks · News reference
Multiple financial institutions, including JPMorgan, Citigroup, and TD Cowen, updated their price targets for GE Vernova on October 29, 2026.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Fubon Securities has lowered its price target for GE Vernova from $1,096 to $1,000.
GE Vernova reported third-quarter 2026 earnings that exceeded analyst expectations and raised its full-year financial outlook.
Global electricity demand is projected to grow 3.8% next year, driven by AI data centers, manufacturing reshoring, and EV adoption. Solar will lead growth with 600 TWh annually through 2027, while nuclear capacity will expand through plant restarts and uprates. Natural gas serves as a bridge fuel with 48 GW needed by 2035 to meet data center demand. Data center energy consumption could reach 945 TWh by 2030 and 1,200 TWh by 2035.