BofA keeps Buy rating for GE Vernova stock

Published on 10/23/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA kept its Buy rating on GE Vernova on October 20, 2026. GE Vernova stock costs EUR 756.50 on October 23, 2026; Q2 revenue rose 12 percent.

Capacity and earnings dates

Bank of America kept its Buy rating and USD 1,310 target on October 20, 2026.
Second-quarter orders reached USD 24.2 billion, up 88 percent year over year.
GE Vernova stock trades at EUR 756.50 at 10:41 a.m. CEST at Lang & Schwarz on October 23, 2026.
Third-quarter results are scheduled for October 28, 2026.

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GE Vernova stock (ISIN US36828A1016) was at EUR 756.50 at Lang & Schwarz on October 23, 2026 at 10:41 a.m. CEST. Bank of America Securities kept its Buy rating and USD 1,310 price target on October 20, 2026, according to News & Observer.

Orders set a high bar

The analyst case rests on demand from power and electrification. Bank of America expects GE Vernova to book up to USD 21.0 billion of orders in the third quarter of 2026, with a 1.70 times book-to-bill ratio, according to the October 20, 2026 report.

GE Vernova delivered USD 24.2 billion of orders in the second quarter of 2026, an 88 percent year-over-year increase. Revenue increased 12 percent, while adjusted EBITDA rose 61 percent to USD 1.2 billion, according to the Yahoo Finance transcript.

Three dated signals for investors

On July 22, 2026, GE Vernova reported USD 24.2 billion of second-quarter orders and a USD 176 billion backlog in its earnings call. On October 13, 2026, the company scheduled its third-quarter results for October 28, 2026. On October 20, 2026, Bank of America retained its USD 1,310 target.

What comes next for GE Vernova?

The next scheduled company event is the third-quarter 2026 results release on October 28, 2026, before the US market opens. GE Vernova CEO Scott Strazik and CFO Ken Parks are scheduled to discuss the figures at 7:30 a.m. ET, according to the company's GE Vernova release dated October 13, 2026.

Gas capacity remains central

GE Vernova plans to lift annual gas turbine production capacity to 30 gigawatts by 2030, with USD 11 billion of investment through 2028, reported Asharq Al-Awsat on October 18, 2026. That capacity plan gives the upcoming order figures a longer operating context, while the second-quarter Wind segment posted a USD 275 million adjusted EBITDA loss.