Bank of America Begins Coverage on GE Vernova (NYSE:GEV)

Equities researchers at Bank of America assumed coverage on shares of GE Vernova (NYSE:GEV - Get Free Report) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a "neutral" rating and a $150.00 price target on the stock. Bank of America's price target would indicate a potential upside of 2.57% from the company's current price.

GEV has been the topic of several other research reports. Melius started coverage on GE Vernova in a report on Monday. They set a "hold" rating and a $147.00 price objective on the stock. BNP Paribas started coverage on GE Vernova in a report on Wednesday, April 17th. They set an "outperform" rating and a $177.00 price objective on the stock. Raymond James started coverage on GE Vernova in a report on Wednesday, April 17th. They set an "outperform" rating and a $160.00 price objective on the stock. Evercore ISI initiated coverage on GE Vernova in a report on Thursday, April 18th. They set an "outperform" rating and a $174.00 price objective on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $160.00 target price on shares of GE Vernova in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $157.44.

GE Vernova Price Performance

Shares of NYSE GEV traded down $1.59 during mid-day trading on Wednesday, hitting $146.24. 4,681,593 shares of the stock traded hands, compared to its average volume of 7,182,878. GE Vernova has a twelve month low of $115.00 and a twelve month high of $152.48.

Institutional Investors Weigh In On GE Vernova

Institutional investors have recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of GE Vernova during the 1st quarter valued at about $478,000. Anderson Hoagland & Co. bought a new stake in shares of GE Vernova during the 1st quarter valued at about $1,720,000. Finally, Maryland State Retirement & Pension System bought a new stake in shares of GE Vernova during the 1st quarter valued at about $2,892,000.

About GE Vernova

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.