GE Vernova Inc. (NYSE:GEV - Get Free Report)'s stock price rose 7.9% on Tuesday . The company traded as high as $147.73 and last traded at $147.48. Approximately 2,723,481 shares traded hands during trading, a decline of 62% from the average daily volume of 7,204,473 shares. The stock had previously closed at $136.69.
Analyst Ratings Changes
GEV has been the topic of a number of research reports. Raymond James initiated coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an "outperform" rating and a $160.00 target price on the stock. Melius initiated coverage on shares of GE Vernova in a report on Monday. They set a "hold" rating and a $147.00 target price on the stock. The Goldman Sachs Group initiated coverage on shares of GE Vernova in a report on Tuesday, April 16th. They set a "buy" rating and a $154.00 target price on the stock. BNP Paribas initiated coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an "outperform" rating and a $177.00 target price on the stock. Finally, JPMorgan Chase & Co. raised shares of GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 target price on the stock in a report on Monday, April 8th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and a consensus price target of $158.38.
Check Out Our Latest Report on GE Vernova
GE Vernova Trading Up 8.1 %
Hedge Funds Weigh In On GE Vernova
A number of institutional investors and hedge funds have recently bought and sold shares of GEV. Anderson Hoagland & Co. bought a new position in GE Vernova in the 1st quarter valued at about $1,720,000. Maryland State Retirement & Pension System bought a new position in GE Vernova in the 1st quarter valued at about $2,892,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in GE Vernova in the 1st quarter valued at about $478,000.
About GE Vernova
(
Get Free Report)
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.
Recommended Stories
Before you consider GE Vernova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GE Vernova wasn't on the list.
While GE Vernova currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
