GE Vernova (NYSE:GEV) Receives New Coverage from Analysts at BNP Paribas

Equities research analysts at BNP Paribas initiated coverage on shares of GE Vernova (NYSE:GEV - Get Free Report) in a research report issued on Wednesday, MarketBeat.com reports. The firm set an "outperform" rating and a $177.00 price target on the stock. BNP Paribas' target price points to a potential upside of 31.40% from the company's current price.

Several other equities research analysts also recently issued reports on GEV. The Goldman Sachs Group started coverage on GE Vernova in a report on Tuesday. They set a "buy" rating and a $154.00 price objective on the stock. Mizuho started coverage on GE Vernova in a report on Monday. They set a "buy" rating and a $154.00 price objective on the stock. Royal Bank of Canada restated an "outperform" rating and set a $160.00 price objective on shares of GE Vernova in a report on Friday, April 12th. Raymond James started coverage on GE Vernova in a report on Wednesday. They issued an "outperform" rating and a $160.00 price target for the company. Finally, JPMorgan Chase & Co. upgraded GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 price target for the company in a report on Monday, April 8th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, GE Vernova has a consensus rating of "Buy" and a consensus target price of $157.67.

GE Vernova Stock Performance

GEV stock traded up $4.63 during midday trading on Wednesday, hitting $134.70. 6,152,758 shares of the company's stock were exchanged, compared to its average volume of 8,228,507. GE Vernova has a 12-month low of $115.00 and a 12-month high of $152.48.

Institutional Investors Weigh In On GE Vernova

An institutional investor recently bought a new position in GE Vernova stock. Anderson Hoagland & Co. acquired a new position in shares of GE Vernova Inc. (NYSE:GEV - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,428 shares of the company's stock, valued at approximately $1,720,000.

GE Vernova Company Profile

GE 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.