GE Vernova shares surged over 15% to a record high after reporting strong Q2 results and raising guidance. Revenue increased 11% to $9.11 billion, beating expectations. Orders rose 4% to $12.4 billion, driven by power and electrification demand. Adjusted EPS was $1.86, exceeding estimates. The company expects revenue to reach the higher end of $36-37 billion for the year, with an EBITDA margin target of 8-9%. Segment results showed growth in power and electrification, while wind saw a decline. The company returned $450 million to shareholders and increased its price target to $700.

Read more at CNBC: We’re raising price target on GE Vernova by $150 after blowout earnings