AXQ Capital LP Lowers Holdings in GE Vernova Inc. $GEV

Key Points

• AXQ Capital LP cut its GE Vernova stake by 85.1% in the second quarter, selling 3,653 shares and retaining 639 shares valued at approximately $751,000.
• Wall Street remains broadly bullish, with 22 Buy, two Strong Buy, four Hold and one Sell ratings; the consensus rating is Moderate Buy with a target price of $1,155.28.
• GE Vernova reported strong year-over-year revenue growth of 21.9% to $11.10 billion, but quarterly EPS of $2.47 missed the $3.17 consensus estimate. Investors are also weighing growth opportunities in renewable energy, nuclear power and grid infrastructure against concerns about margins and future earnings.

AXQ Capital LP decreased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 85.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 639 shares of the company's stock after selling 3,653 shares during the period. AXQ Capital LP's holdings in GE Vernova were worth $751,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC purchased a new stake in GE Vernova in the 3rd quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in shares of GE Vernova in the fourth quarter worth about $25,000. Manning & Napier Advisors LLC lifted its position in shares of GE Vernova by 68.4% in the first quarter. Manning & Napier Advisors LLC now owns 32 shares of the company's stock worth $26,000 after buying an additional 13 shares in the last quarter. Navalign LLC bought a new position in GE Vernova during the fourth quarter valued at approximately $27,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of GE Vernova in the fourth quarter valued at $30,000.

Wall Street Analysts Forecast Growth

GEV has been the topic of several research reports. Royal Bank Of Canada boosted their price target on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Guggenheim lifted their price objective on shares of GE Vernova from $1,300.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Thursday, July 23rd. Morgan Stanley downgraded shares of GE Vernova from an "overweight" rating to an "underweight" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their target price on shares of GE Vernova from $1,302.00 to $1,330.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein lifted their price target on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,155.28.

GE Vernova News Summary

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova signed an agreement to supply wind turbines for ESB’s Chleansaid wind farm in Scotland, adding to its renewable-energy order pipeline and reinforcing demand for its equipment. GE Vernova signs agreement to supply turbines for ESB wind farm in Scotland
• Positive Sentiment: A deal with Venezuela is expected to help stabilize the country’s deteriorating power grid within six to 12 months. The project could create equipment, services and maintenance opportunities while expanding GE Vernova’s international presence. Market Chatter: GE Vernova Deal Aims to Stabilize Venezuela Power Grid
• Positive Sentiment: GE Vernova is participating with Studsvik, GE Vernova Hitachi and Samsung C&T in advancing a Swedish nuclear-power project. Nuclear demand is attracting investor attention as data centers and AI require reliable, low-carbon electricity. Companies advance Swedish nuclear power project
• Positive Sentiment: An investor analysis highlighted GE Vernova’s 116 gigawatts of gas-turbine equipment in backlog and slot reservations, with at least 125 gigawatts expected under contract by year-end. Capacity expansion and recurring service revenue support the long-term growth case. GE Vernova company overview
• Neutral Sentiment: GE Vernova recently outperformed the broader market in a session, reflecting enthusiasm over Venezuela grid-repair plans and the company’s exposure to AI-related power demand. However, the move followed volatility since June as investors reassessed the sustainability of the AI infrastructure boom. GE Vernova outperforms the stock market
• Negative Sentiment: Erste Group Bank lowered its fiscal 2027 EPS forecast, while analysts continue to question whether GE Vernova can convert its substantial orders into higher margins. Those concerns may limit upside after the stock’s strong longer-term rally. GE Vernova FY2027 EPS forecast decreased

GE Vernova Stock Performance

GEV stock opened at $943.58 on Monday. The business has a 50-day moving average price of $1,016.92 and a 200 day moving average price of $979.58. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company has a market capitalization of $251.30 billion, a P/E ratio of 27.01, a PEG ratio of 4.38 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.85 and a quick ratio of 0.62.

GE Vernova (NYSE:GEV - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.17 by ($0.70). GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.79 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. GE Vernova's revenue for the quarter was up 21.9% on a year-over-year basis. As a group, equities research analysts forecast that GE Vernova Inc. will post 15.36 EPS for the current fiscal year.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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