Rothschild Redb Downgrades GE Vernova (NYSE:GEV) to Strong Sell

Key Points

• Rothschild Redb has downgraded GE Vernova from a "hold" rating to a "strong sell" rating, signaling concerns about the company's future performance.
• Despite the downgrade, several other brokerages have recently increased their target prices for GE Vernova, with ratings ranging from "positive" to "strong-buy."
• GE Vernova reported a quarterly revenue of $9.11 billion, exceeding expectations, with an earnings per share (EPS) of $1.86, surpassing consensus estimates.

GE Vernova (NYSE:GEV - Get Free Report) was downgraded by investment analysts at Rothschild Redb from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other brokerages also recently commented on GEV. Susquehanna lifted their target price on shares of GE Vernova from $736.00 to $740.00 and gave the stock a "positive" rating in a research note on Monday. Barclays boosted their price objective on shares of GE Vernova from $580.00 to $706.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Seaport Res Ptn upgraded shares of GE Vernova to a "strong-buy" rating in a report on Thursday, July 10th. Citigroup raised their target price on GE Vernova from $544.00 to $670.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Melius raised GE Vernova from a "hold" rating to a "buy" rating and set a $740.00 price target for the company in a research report on Monday, September 15th. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, GE Vernova has a consensus rating of "Moderate Buy" and an average target price of $592.07.

GE Vernova Trading Down 4.1%

NYSE GEV opened at $617.78 on Wednesday. The firm has a market cap of $168.17 billion, a PE ratio of 148.86, a price-to-earnings-growth ratio of 4.67 and a beta of 1.72. GE Vernova has a 1-year low of $252.25 and a 1-year high of $677.29. The stock has a 50-day moving average of $618.29 and a 200-day moving average of $515.27.

GE Vernova (NYSE:GEV - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.23. GE Vernova had a return on equity of 13.23% and a net margin of 3.16%.The business had revenue of $9.11 billion for the quarter, compared to analysts' expectations of $8.78 billion. During the same period in the previous year, the firm earned $4.65 EPS. The business's quarterly revenue was up 11.1% on a year-over-year basis. GE Vernova has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that GE Vernova will post 6.59 earnings per share for the current fiscal year.

Insider Activity at GE Vernova

In related news, CFO Kenneth Scott Parks sold 3,300 shares of GE Vernova stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $620.00, for a total transaction of $2,046,000.00. Following the sale, the chief financial officer directly owned 7,590 shares in the company, valued at $4,705,800. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GE Vernova

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sachetta LLC increased its stake in shares of GE Vernova by 10.7% in the 2nd quarter. Sachetta LLC now owns 165 shares of the company's stock worth $87,000 after acquiring an additional 16 shares in the last quarter. Good Life Advisors LLC grew its holdings in GE Vernova by 1.0% in the second quarter. Good Life Advisors LLC now owns 1,654 shares of the company's stock worth $875,000 after purchasing an additional 16 shares during the period. Bell Investment Advisors Inc increased its stake in shares of GE Vernova by 6.7% during the second quarter. Bell Investment Advisors Inc now owns 256 shares of the company's stock valued at $135,000 after purchasing an additional 16 shares in the last quarter. Northwest Wealth Management LLC increased its stake in shares of GE Vernova by 3.6% during the third quarter. Northwest Wealth Management LLC now owns 465 shares of the company's stock valued at $286,000 after purchasing an additional 16 shares in the last quarter. Finally, AMG National Trust Bank lifted its holdings in shares of GE Vernova by 1.5% during the second quarter. AMG National Trust Bank now owns 1,145 shares of the company's stock valued at $606,000 after purchasing an additional 17 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.