BUZZ-Street View: The acquisition of Trench has kick-started the electrification drive for GE Vernova

October 29 - ** GE Vernova (GEV.N) said on Wednesday it will acquire high-voltage power grid equipment manufacturer Trench Group from Triton Partners (link) for $9 billion.

**The power equipment manufacturer has also raised its full-year revenue forecast for the third consecutive time.

** Among the 38 brokerages covering GEV, the median target price is $1,180—according to data compiled by London Stock Exchange Group (LSEG).

Stronger grid advantage

** Citi (rating "Neutral", target price: $1,000) said Trench's product portfolio will further strengthen GEV's electrification business by introducing complementary high-voltage technologies.

** RBC Capital Markets ("Outperform", target price: $1,230) said the acquisition of Trench should support the company's electrification business by expanding its high-voltage product line and creating long-term growth opportunities; meanwhile, the improvement momentum in the onshore wind power business is increasing, while liabilities related to offshore wind power continue to decline.

** Morningstar (fair value: $1,080) said the acquisition of Trench makes strategic sense as it fills a gap in the company's transformer component portfolio and helps win more business, but is expected to deliver only limited value.

** TD Cowen (rating "Buy", target price: $1,125) said the weakness in stock price following the announcement may reflect market concerns about a peak in orders in the first half of 2026, although this factor has already been included in guidance and the order commitment through 2027 is expected to remain stable, which is encouraging.

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