US Stocks Movement: GE Vernova rises another 1% pre-market, reaching a record high yesterday; multiple major banks raise price targets after earnings

Golden Ten Data April 24th｜GE Vernova (GEV.US) continued to rise 1.14% pre-market to $1162.6. Yesterday, the stock hit an intraday high of $1181.95, marking a record high, and ultimately closed up 1.95% at $1149.53, with an increase of more than 76% year-to-date.On the news front, GE Vernova delivered explosive Q1 results, with orders soaring 71% year-on-year and free cash flow reaching $4.8 billion, surpassing the total for last year. Benefiting from the AI data center and power grid upgrade boom, gas power backlogged orders exceeded 100GW, and electrification division orders surged. Despite wind power operations being pressured by tariffs, the company still comprehensively raised its full-year financial guidance, lifting the midpoint of free cash flow target by nearly 40%, indicating that global power infrastructure investment is entering a rapid expansion phase.Following earnings, JPMorgan raised its GE Vernova price target from $1,150 to $1,302. Barclays also raised GE Vernova’s price target from $993 to $1,250 and maintained its “Overweight” rating.