GE Vernova Inc. (NYSE:GEV - Get Free Report) shares traded up 1.8% on Thursday . The stock traded as high as $167.34 and last traded at $166.98. 1,039,525 shares changed hands during trading, a decline of 83% from the average session volume of 5,940,408 shares. The stock had previously closed at $164.00.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Raymond James assumed coverage on shares of GE Vernova in a report on Wednesday, April 17th. They set an "outperform" rating and a $160.00 price objective for the company. Royal Bank of Canada reissued an "outperform" rating and set a $160.00 price objective on shares of GE Vernova in a report on Friday, April 12th. Mizuho boosted their price objective on shares of GE Vernova from $154.00 to $164.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. 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 research report on Monday, April 8th. Finally, Evercore ISI began coverage on shares of GE Vernova in a research report on Thursday, April 18th. They set an "outperform" rating and a $174.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.56.
Check Out Our Latest Stock Analysis on GEV
GE Vernova Stock Up 1.5 %
GE Vernova (NYSE:GEV - Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported ($0.41) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.17). The company had revenue of $7.26 billion for the quarter, compared to analysts' expectations of $7.56 billion. Sell-side analysts predict that GE Vernova Inc. will post 2.95 earnings per share for the current fiscal year.
Hedge Funds Weigh In On GE Vernova
Hedge funds and other institutional investors have recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd bought a new position in shares of GE Vernova during the first quarter worth $30,000. Boit C F David purchased a new stake in GE Vernova during the first quarter valued at $149,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in GE Vernova during the first quarter valued at $478,000. Valeo Financial Advisors LLC purchased a new stake in GE Vernova during the first quarter valued at $673,000. Finally, Anderson Hoagland & Co. purchased a new stake in shares of 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.
Further Reading
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