GE Vernova: Why I Believe This Power Infrastructure Winner Has 60% Upside

I am rating GE Vernova a Strong Buy because I believe the AI infrastructure trade is shifting from chips to electricity and sits inside that bottleneck through its portfolio. The main growth drivers are Power and Electrification. My model assumes 2028 Power EBITDA of $8Bn and 2028 Electrification EBITDA of $6.1Bn, helped by backlog growth, pricing and data-center demand. My price target is $1,717 per share implying a 60% potential upside. The PT is based on $13.7Bn of 2028 adjusted EBITDA and a 34x EBITDA multiple.