NYSE:GEV - Get Free Report ) shot up 1.4% during mid-day trading on Tuesday . The stock traded as high as $172.00 and last traded at $171.50. 628,233 shares were traded during trading, a decline of 90% from the average session volume of 6,118,355 shares. The stock had previously closed at $169.14.
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Analysts Set New Price Targets A number of equities research analysts recently weighed in on the company. Raymond James assumed coverage on GE Vernova in a research note on Wednesday, April 17th. They set an "outperform" rating and a $160.00 price objective for the company. BNP Paribas initiated coverage on shares of GE Vernova in a report on Wednesday, April 17th. They issued an "outperform" rating and a $177.00 price target on the stock. The Goldman Sachs Group began coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They set a "buy" rating and a $154.00 price objective for the company. Mizuho raised their target price on shares of GE Vernova from $154.00 to $164.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised GE Vernova from a "neutral" rating to an "overweight" rating and set a $141.00 price target on the stock in a research report on Monday, April 8th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.56.
Check Out Our Latest Research Report on GE Vernova
GE Vernova Stock Performance
GE Vernova (NYSE:GEV - Get Free Report ) last announced its quarterly earnings data on Thursday, April 25th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.17). The firm had revenue of $7.26 billion during the quarter, compared to analysts' expectations of $7.56 billion. As a group, research analysts predict that GE Vernova Inc. will post 2.95 EPS for the current fiscal year.
Institutional Trading of GE Vernova A number of hedge funds have recently modified their holdings of GEV. ANTIPODES PARTNERS Ltd purchased a new stake in GE Vernova in the 1st quarter worth approximately $30,000. Boit C F David purchased a new stake in GE Vernova during the first quarter worth $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in GE Vernova during the first quarter valued at $478,000. Valeo Financial Advisors LLC purchased a new position in GE Vernova in the first quarter valued at $673,000. Finally, Anderson Hoagland & Co. purchased a new position in GE Vernova in the first quarter valued at $1,720,000.
GE Vernova Company Profile (
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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.
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