GE Vernova Inc. (NYSE:GEV - Get Free Report)'s share price rose 0.3% on Monday . The company traded as high as $164.30 and last traded at $163.06. Approximately 413,819 shares traded hands during trading, a decline of 92% from the average daily volume of 5,395,384 shares. The stock had previously closed at $162.62.
Wall Street Analyst Weigh In
GEV has been the topic of a number of analyst reports. Melius initiated coverage on shares of GE Vernova in a report on Monday, April 22nd. They set a "hold" rating and a $147.00 target price on the stock. 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. 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. 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. Finally, Bank of America started coverage on shares of GE Vernova in a report on Wednesday, April 24th. They set a "neutral" rating and a $150.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, GE Vernova presently has an average rating of "Moderate Buy" and an average target price of $158.56.
Check Out Our Latest Research Report on GE Vernova
GE Vernova Price 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 analysts' consensus estimates of ($0.24) by ($0.17). The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion. On average, equities analysts anticipate that GE Vernova Inc. will post 2.95 earnings per share for the current fiscal year.
Institutional Investors Weigh In On GE Vernova
A number of institutional investors have recently made changes to their positions in the business. Kozak & Associates Inc. purchased a new stake in GE Vernova during the 1st quarter valued at $115,000. Yaupon Capital Management LP purchased a new stake in GE Vernova during the 1st quarter valued at $10,256,000. Price T Rowe Associates Inc. MD purchased a new stake in GE Vernova during the 1st quarter valued at $367,474,000. LRI Investments LLC purchased a new stake in GE Vernova during the 1st quarter valued at $63,000. Finally, Kinetic Partners Management LP purchased a new stake in GE Vernova during the 1st quarter valued at $20,854,000.
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.
Featured Articles
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
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
