GE Vernova (NYSE:GEV) Receives New Coverage from Analysts at Bank of America

Bank of America started coverage on shares of GE Vernova (NYSE:GEV) in a research note released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $150.00 target price on the stock.

A number of other research analysts have also recently commented on the stock. Mizuho started coverage on shares of GE Vernova in a research report on Monday, April 15th. They issued a buy rating and a $154.00 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 research report on Monday, April 8th. Melius began coverage on shares of GE Vernova in a research note on Monday, April 22nd. They set a hold rating and a $147.00 price target on the stock. Raymond James began coverage on shares of GE Vernova in a research note on Wednesday, April 17th. They set an outperform rating and a $160.00 price target on the stock. Finally, Evercore ISI began coverage on shares of GE Vernova in a research note on Thursday, April 18th. They set an outperform rating and a $174.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $157.44.

GE Vernova Stock Performance

Shares of GEV stock opened at $153.07 on Wednesday. GE Vernova has a twelve month low of $115.00 and a twelve month high of $157.25.

GE Vernova (NYSE:GEV) last posted its earnings results on Thursday, April 25th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.17). The business had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.56 billion.

Institutional Trading of GE Vernova

A number of large investors have recently made changes to their positions in the company. Maryland State Retirement & Pension System purchased a new stake in shares of GE Vernova during the first quarter worth approximately $2,892,000. Anderson Hoagland & Co. purchased a new stake in shares of GE Vernova during the first quarter worth approximately $1,720,000. Valeo Financial Advisors LLC purchased a new stake in shares of GE Vernova during the first quarter worth approximately $673,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of GE Vernova during the first quarter worth approximately $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.