GE Vernova (NYSE:GEV) Trading 7.9% Higher

GE Vernova Inc. (NYSE:GEV) shares traded up 7.9% during trading on Tuesday . The stock traded as high as $147.73 and last traded at $147.48. 2,723,481 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 7,204,473 shares. The stock had previously closed at $136.69.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Mizuho assumed coverage on GE Vernova in a research report on Monday, April 15th. They issued a “buy” rating and a $154.00 price target for the company. Evercore ISI assumed coverage on GE Vernova in a research report on Thursday, April 18th. They issued an “outperform” rating and a $174.00 price target for the company. JPMorgan Chase & Co. upgraded GE Vernova from a “neutral” rating to an “overweight” rating and set a $141.00 price target for the company in a research report on Monday, April 8th. The Goldman Sachs Group started coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They issued a “buy” rating and a $154.00 price objective for the company. Finally, Melius started coverage on shares of GE Vernova in a research note on Monday. They issued a “hold” rating and a $147.00 price objective for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.38.

GE Vernova Stock Performance

Hedge Funds Weigh In On GE Vernova

Several institutional investors and hedge funds have recently bought and sold shares of the company. Maryland State Retirement & Pension System purchased a new position in GE Vernova in the first quarter worth $2,892,000. Anderson Hoagland & Co. acquired a new position in GE Vernova during the first quarter valued at $1,720,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in GE Vernova during the first quarter valued at $478,000.

GE Vernova Company Profile

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.