GE Vernova meets high bar, but slot conversions now in focus: BNP Paribas

Investing.com -- BNP Paribas said GE Vernova (NYSE: GEV) met high expectations with its third-quarter results, but investor attention will now shift to the pace of gas turbine slot conversions into 2027. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » The bank has a Neutral rating and a $1,090 price target on the stock. GE Vernova raised its year-end contracted gas turbine guidance to more than 130 gigawatts from more than 125 GW, in line with buy-side expectations. New orders totaled 16.6 GW, of which 13 GW came from slot conversions, above investor expectations of 10 to 12 GW.