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Barclays Says GE Vernova (GEV) Among Best Positioned for 800VDC Technology
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. GE Vernova Inc. (NYSE:GEV) is one of the 10 Best Energy Stocks Capitalizing on the Data Center Boom. On June 9, Barclays cited GE Vernova as one of the companies best positioned for the 800VDC technology, according to a report by Investing.com. While acknowledging that GE Vernova currently has limited white-space exposure, the analyst emphasized that it brings strong expertise in high-voltage equipment. On the same day, GE Vernova’s Grid Software business launched GridOS for Transmission, a unified software solution that enables near real-time, coordinated transmission operations. “By bringing together near real-time operations, capacity awareness, forecasting, and system stability into a single coordinated environment, GridOS for Transmission helps utilities shorten control room decision cycles, improve utilization of existing transmission capacity, and respond faster to rapidly changing grid conditions,” GE Vernova said. The company said the operating model helps utilities reduce decision latency and operate closer to actual system limits. It also helps identify emerging stability risks earlier and respond more effectively during disturbances and peak-stress events. Out of 40 analyst ratings compiled by CNN, 78% assigned a Buy rating to GE Vernova, while 20% assigned a Hold rating. The stock has an average price target of $1,250, a 35.85% upside from the current price of $920.15. GE Vernova Inc. (NYSE:GEV) is a global energy company. It operates segments such as Power, Wind, and Electrification segments and is supported by its accelerator businesses. While we acknowledge the potential of GEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy in June and 10 Best Cybersecurity Stocks to Buy According to Short Sellers. Disclosure: None. Follow Insider Monkey on Google News.
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