GE Vernova (GEV) shares jumped Tuesday after Bank of America analysts raised their 澳洲幸运5官方开奖结果体彩网:price target for the company's stock aheadജ of its fourth-quarter earnings report next week. 

The analysts raised their price target to $415 from $380, bringing it above the analyst consensus compiled by Visible Alpha at $386, and maintained a “buy” rating, suggesting the company could benefit from rising prices for gas turbines. Sha❀res of GE Vernova climbed 4.2% to close at $382.26 Tuesday and have gained more than 16% since the start of theꦗ year.

BofA sa🦋id it can only estimate gas turbine prices because energy costs vary depending on the customer and contract bidding isn’t done publicly. However, the analysts said govern🐬ment cost studies, certain market transactions, and producer price index data suggest prices have risen at a high-single-digit pace since 2019 and could continue to climb, benefitting GE Vernova.

Beyond gas turbines, GE Vernova also has a market opportunity in steam tur🦩bines, heat recovery steam generators, and other equipment, the analysts said. 

The company is set to report fourth-quarter earnings on Jan. 22 before the opening bell.