We're raising our GE Vernova price target as shares deservedly hit all

GE Vernova stock deservedly hit all-time highs Wednesday after the energy equipment giant delivered incredibly positive guidance all the way out to fiscal 2028. CEO Scott Strazik on CNBC amplified the incredible near-term and long-term growth story that management outlined at Tuesday evening's investor meeting. "We have a lot of margin expansion into the next decade," Strazik told Jim Cramer in an interview on "Squawk on the Street." He added, "It's a healthy mix of price, volume, and productivity. .... We're [also] investing in robotics and AI and seeing a lot of productivity [increases]. And that's driving the expanded margins." In addition to margin expansion, Strazik emphasized the company's expectation to grow its total backlog from $135 billion to over $200 billion by the end of fisc