GE Vernova shares rise 7.04% intraday after Morgan Stanley upgrades price target to $960 and secures $400B nuclear reactor and $330B gas plant projects with Hitachi.

GE Vernova surged 7.04% intraday, driven by Morgan Stanley's analyst upgrading the target price to $960, a joint venture with Hitachi securing $400 billion in small modular reactor projects and $330 billion in gas plant projects, and increased orders for gas turbines and grid equipment due to AI-driven data center expansion boosting electricity demand.