Bank of America $BAC has significantly revised its price target for GE Vernova $GEV, raising it from $520 to $550 per share, citing robust structural demand for electricity across the U.S. and the company’s dominant market position in natural gas turbine technology. This bullish revision underscores a broader macro trend in the U.S. energy landscape as electricity consumption accelerates, driven by data center growth, electrification, and industrial reshoring.