GE Vernova Inc. (NYSE:GEV - Get Free Report) has been assigned a consensus rating of "Buy" from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $157.67.
A number of brokerages have commented on GEV. The Goldman Sachs Group began coverage on shares of GE Vernova in a research report on Tuesday. They issued a "buy" rating and a $154.00 price objective on the stock. BNP Paribas started coverage on shares of GE Vernova in a research report on Wednesday. They issued an "outperform" rating and a $177.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 target price for the company in a report on Monday, April 8th. Raymond James started coverage on shares of GE Vernova in a report on Wednesday. They issued an "outperform" rating and a $160.00 target price for the company. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $160.00 target price on shares of GE Vernova in a report on Friday, April 12th.
Get Our Latest Analysis on GEV
GE Vernova Price Performance
Shares of NYSE:GEV traded up $4.63 during trading hours on Wednesday, reaching $134.70. The stock had a trading volume of 6,152,758 shares, compared to its average volume of 8,228,507. GE Vernova has a 1 year low of $115.00 and a 1 year high of $152.48.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in GE Vernova stock. Anderson Hoagland & Co. purchased a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,428 shares of the company's stock, valued at approximately $1,720,000.
About GE Vernova
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Get Free ReportGE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.
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