Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>GE Vernova, a recent spin-off from General Electric, has seen its stock skyrocket nearly 5x since its separation in April 2024.</li><li>With the company now trading around $628 and an analyst target pushing it to $740, investor enthusiasm is boiling over.</li><li>The latest catalyst?</li></ul>

GE Vernova, a recent spin-off from General Electric, has seen its stock skyrocket nearly 5x since its separation in April 2024.With the company now trading around $628 and an analyst target pushing it to $740, investor enthusiasm is boiling over.The latest catalyst?

GE Vernova Stock Explodes 5x Post Spin-Off: What's Fueling The Surge?

<ul><li>GE Vernova's second-quarter 2025 results reveal a strategic positioning amid soaring demand driven by an era of accelerated electrification and decarbonization.</li><li>While leveraging expanded capabilities in gas power and grid infrastructure, the company highlighted strong order inflow and backlog across several segments, notably in its Gas Power and Electrification businesses.</li><li>However, challenges persist, particularly within its Wind segment, and the volatility of larger project demand in Electrification raises notable concerns.</li></ul>

GE Vernova's second-quarter 2025 results reveal a strategic positioning amid soaring demand driven by an era of accelerated electrification and decarbonization.While leveraging expanded capabilities in gas power and grid infrastructure, the company highlighted strong order inflow and backlog across several segments, notably in its Gas Power and Electrification businesses.However, challenges persist, particularly within its Wind segment, and the volatility of larger project demand in Electrification raises notable concerns.

GE Vernova: Initiation Of Coverage- Powering Ahead with $24 Billion Grid Backlog—Electrification Boom Just Getting Started!

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Behind the Money

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<ul><li>GE's old headquarters in Schenectady, NY has been a significant part of the company's history, but has seen a decline in recent years</li><li>GE Vernova, a spinoff of General Electric, has seen success in the electrification business and is capitalizing on the surge in demand for energy</li><li>GE Vernova CEO Scott Strazik, a longtime company man, is confident about the company's future and sees it as just the beginning of an investment super cycle</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

GE's old headquarters in Schenectady, NY has been a significant part of the company's history, but has seen a decline in recent yearsGE Vernova, a spinoff of General Electric, has seen success in the electrification business and is capitalizing on the surge in demand for energyGE Vernova CEO Scott Strazik, a longtime company man, is confident about the company's future and sees it as just the beginning of an investment super cycleThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

GE Vernova tries to shake its parent’s problems

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

<ul>
<li>China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.</li>
<li>
<a href="https://www.smartkarma.com/entities/smoore-international-holdings" target="_blank" data-smartkarma-citation="entities:28241:1" rel="noopener">Smoore International Holdings (6969 HK)</a> , <a href="https://www.smartkarma.com/entities/xinjiang-goldwind-science-technology-h" target="_blank" data-smartkarma-citation="entities:10112:1" rel="noopener">Xinjiang Goldwind Science &amp; Technology (2208 HK)</a> and <a href="https://www.smartkarma.com/entities/hisense-home-appliances-group-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20107:1" rel="noopener">Hisense Home Appliances Group Co., Ltd. H (921 HK)</a>  benefited from positive news sentiment this week.</li>
<li>
<a href="https://www.smartkarma.com/entities/chow-tai-fook-jewellery-group" target="_blank" data-smartkarma-citation="entities:549:1" rel="noopener">Chow Tai Fook Jewellery (1929 HK)</a> and <a href="https://www.smartkarma.com/entities/asm-pacific-technology-ltd" target="_blank" data-smartkarma-citation="entities:15061:1" rel="noopener">ASM Pacific Technology (522 HK)</a> suffered on negative news, while <a href="https://www.smartkarma.com/entities/meituan" target="_blank" data-smartkarma-citation="entities:26970:1" rel="noopener">Meituan (3690 HK)</a> continued its pullback in concert with the retail food sector.</li>
</ul>


China's National Team was steadily buying ETF's during and after the Third Plenum.  Southbound Connect Flows continue to be positive during July.

Smoore International Holdings (6969 HK) , Xinjiang Goldwind Science &amp; Technology (2208 HK) and Hisense Home Appliances Group Co., Ltd. H (921 HK)  benefited from positive news sentiment this week.

Chow Tai Fook Jewellery (1929 HK) and ASM Pacific Technology (522 HK) suffered on negative news, while Meituan (3690 HK) continued its pullback in concert with the retail food sector.


The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Global gas turbine orders more than doubled in 2025 to 100.3 GW across 846 units, the highest in two decades, driven by AI data center load growth, coal retirement cycles.</li>
<li>Three OEMs control over 75% of supply. Backlogs now stretch to 2030, delivery lead times exceed 5-7 years in some frame sizes.</li>
<li>Alternatives like SMRs and long-duration storage remain structurally years away. Understanding who controls the turbine supply chain, and at what price, is the defining energy question of this decade.</li>
</ul>


Global gas turbine orders more than doubled in 2025 to 100.3 GW across 846 units, the highest in two decades, driven by AI data center load growth, coal retirement cycles.
Three OEMs control over 75% of supply. Backlogs now stretch to 2030, delivery lead times exceed 5-7 years in some frame sizes.
Alternatives like SMRs and long-duration storage remain structurally years away. Understanding who controls the turbine supply chain, and at what price, is the defining energy question of this decade.


Gas Turbines: The Unexpected Infrastructure Play of the AI Era

United States

GE Vernova Inc is an electric power company. The Company designs, manufactures, and delivers electric power systems and services that generate, transfer, orchestrate, convert, and store electricity. GE Vernova serves customers globally.

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GE Vernova (GEV US)

GE Vernova Stock Explodes 5x Post Spin-Off: What's Fueling The Surge?

GE Vernova, a recent spin-off from General Electric, has seen its stock skyrocket nearly 5x since its separation in April 2024. With the company...

Baptista Research

GE Vernova: Initiation Of Coverage- Powering Ahead with $24 Billion Grid Backlog—Electrification Boom Just Getting Started!

GE Vernova's second-quarter 2025 results reveal a strategic positioning amid soaring demand driven by an era of accelerated electrification and...

Baptista Research

GE Vernova tries to shake its parent’s problems

Amanda Chew visited GE's old headquarters in Schenectady, NY, where the company's spinoff, GE Vernova, is thriving in the electrification business...

Behind the Money

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

China's National Team continued buying in the ETF market. Smoore International, Xinjiang Goldwind and Hisense had positive news sentiment, while...

David Mudd

Gas Turbines: The Unexpected Infrastructure Play of the AI Era

Global gas turbine orders surged in 2025 to 100.3 GW, driven by AI data center growth and coal retirements. Three OEMs dominate supply, with...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

GE Vernova Stock Explodes 5x Post Spin-Off: What's Fueling The Surge?

GE Vernova, a recent spin-off from General Electric, has seen its stock skyrocket nearly 5x since its separation in April 2024. With the company...

Baptista Research

GE Vernova: Initiation Of Coverage- Powering Ahead with $24 Billion Grid Backlog—Electrification Boom Just Getting Started!

GE Vernova's second-quarter 2025 results reveal a strategic positioning amid soaring demand driven by an era of accelerated electrification and...

Baptista Research

GE Vernova tries to shake its parent’s problems

Amanda Chew visited GE's old headquarters in Schenectady, NY, where the company's spinoff, GE Vernova, is thriving in the electrification business...

Behind the Money

The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (July 26)

China's National Team continued buying in the ETF market. Smoore International, Xinjiang Goldwind and Hisense had positive news sentiment, while...

David Mudd

Gas Turbines: The Unexpected Infrastructure Play of the AI Era

​Global gas turbine orders surged in 2025 to 100.3 GW, driven by AI data center growth and coal retirements. Three OEMs dominate supply, with...

Sudarshan Bhandari

Global gas turbine orders surged in 2025 to 100.3 GW, driven by AI data center growth and coal retirements. Three OEMs dominate supply, with...