GE Vernova (NYSE:GEV) Coverage Initiated by Analysts at Redburn Atlantic

Redburn Atlantic initiated coverage on shares of GE Vernova (NYSE:GEV) in a research note published on Tuesday, MarketBeat reports. The firm issued a neutral rating and a $178.00 price target on the stock.

A number of other research firms have also recently weighed in on GEV. Daiwa Capital Markets began coverage on shares of GE Vernova in a research note on Friday, June 21st. They set an outperform rating and a $201.50 price target on the stock. Bank of America began coverage on shares of GE Vernova in a research note on Wednesday, April 24th. They set a neutral rating and a $150.00 price target on the stock. Mizuho upped their price target on shares of GE Vernova from $154.00 to $164.00 and gave the stock a buy rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. upped their price target on shares of GE Vernova from $176.00 to $186.00 and gave the stock an overweight rating in a research note on Monday, June 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of GE Vernova in a research note on Tuesday, April 16th. They set a buy rating and a $154.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $172.25.

GE Vernova Stock Up 1.4 %

Shares of GE Vernova stock opened at $169.81 on Tuesday. GE Vernova has a one year low of $115.00 and a one year high of $185.50. The stock’s fifty day moving average price is $167.28.

GE Vernova (NYSE:GEV) last announced its quarterly earnings data 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. On average, equities research analysts forecast that GE Vernova will post 3.02 earnings per share for the current year.

Institutional Investors Weigh In On GE Vernova

Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD acquired a new stake in shares of GE Vernova during the 1st quarter worth about $367,474,000. Steadfast Capital Management LP acquired a new stake in shares of GE Vernova during the 1st quarter worth about $80,235,000. Kinetic Partners Management LP acquired a new stake in shares of GE Vernova during the 1st quarter worth about $20,854,000. Yaupon Capital Management LP acquired a new stake in shares of GE Vernova during the 1st quarter worth about $10,256,000. Finally, Spear Holdings RSC Ltd acquired a new stake in shares of GE Vernova during the 1st quarter worth about $8,615,000.

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.